Three stocks with buy rank and strong income characteristics are Bar Harbor Bankshares (BHB), Citizens Financial Services (CZFS), and Farmers & Merchants Bancorp (FMAO). These banks have witnessed increasing earnings estimates and have a dividend yield of 4.3%, 3.7%, and 3.7%, respectively. They are all Zacks Rank #1 stocks.
Bar Harbor Bankshares (BHB)
Bar Harbor Bankshares (BHB), a bank holding company for Bar Harbor Bank & Trust, has seen a notable increase in its Zacks Consensus Estimate for its current year earnings, rising by 7.5% over the last 60 days. The company boasts a Zacks Rank #1 status and a dividend yield of 4.3%, which is significantly higher than the industry average of 2.7% [1][2][3][4].
Citizens Financial Services (CZFS)
Citizens Financial Services (CZFS), which operates First Citizens Community Bank, has also witnessed a 5.5% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. This Zacks Rank #1 company offers a dividend yield of 3.7%, above the industry average of 2.7% [1][2][3][4].
Farmers & Merchants Bancorp (FMAO)
Farmers & Merchants Bancorp (FMAO), associated with The Farmers & Merchants State Bank, has seen a 6.6% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. This company, also ranked Zacks #1, offers a dividend yield of 3.7%, which is higher than the industry average of 2.7% [1][2][3][4].
Conclusion
These three banks—Bar Harbor Bankshares (BHB), Citizens Financial Services (CZFS), and Farmers & Merchants Bancorp (FMAO)—present strong income characteristics and have shown increasing earnings estimates. Investors considering these stocks should evaluate their risk tolerance and investment goals before making any decisions.
References
[1] https://www.tradingview.com/news/zacks:bc55ae56e094b:0-best-income-stocks-to-buy-for-august-11th/
[2] https://seekingalpha.com/article/4811868-farmers-and-merchants-bancorp-still-trading-depressed-valuation-multiples?source=affiliate_program:stockanalysis.com&utm_medium=affiliate&utm_source=stockanalysis.com&affid=858&oid=16&transaction=fdbff76f8d09454ebc4081ac4fef8676
[3] https://www.barchart.com/story/news/34041621/best-income-stocks-to-buy-for-august-11th
[4] https://www.nasdaq.com/articles/best-income-stocks-buy-august-11th
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