Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 6% Dividend Yields

Author: Lisa Levin | October 25, 2023 07:49am

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector.

Hope Bancorp, Inc. (NASDAQ:HOPE)

• Dividend Yield: 6.72%
• Keefe, Bruyette & Woods analyst Christopher Mcgratty maintained a Market Perform rating and raised the price target from $10 to $11 on July 25, 2023. This analyst has an accuracy rate of 65%
• DA Davidson analyst Gary Tenner maintained a Neutral rating and increased the price target from $9.5 to $11 on July 25, 2023. This analyst has an accuracy rate of 73%.
• Recent News: Hope Bancorp reported weaker-than-expected third-quarter earnings.

Regions Financial Corporation (NYSE:RF)

• Dividend Yield: 6.77%
• Piper Sandler analyst Scott Siefers downgraded the stock from Overweight to Neutral and cut the price target from $17 to $15 on Oct. 25, 2023. This analyst has an accuracy rate of 65%.
• UBS analyst Erika Najarian downgraded the stock from Buy to Neutral and slashed the price target from $22 to $15 on Oct. 24, 2023. This analyst has an accuracy rate of 60%.
• Recent News: Regions Financial reported worse-than-expected third-quarter financial results.

The Western Union Company (NYSE:WU)

• Dividend Yield: 7.08%
• UBS analyst Timothy Chiodo assumed coverage on the stock with a Neutral rating and a price target of $14 on Oct. 20, 2023. This analyst has an accuracy rate of 60%.
• Wolfe Research analyst Darrin Peller upgraded the stock from Underperform to Peer Perform on April 20, 2023. This analyst has an accuracy rate of 75%.
• Recent News: The Western Union Company is expected to release third quarter 2023 results after the closing bell on Oct. 25, 2023.

 

Read More: Top 4 Materials Stocks That Could Blast Off In Q4

Posted In: HOPE RF WU