You need to go where the money is. This mantra is particularly important when it comes to smaller community banks like our Best Financial Stocks Dividend List pick. Strong financials and economically viable areas can make or break a smaller financial institution. Luckily for our pick, it’s in a great operating area!
Our pick’s main stomping ground is in Virginia and in portions of Maryland. This puts it right within the Washington D.C. metro area. Given the importance and continued growth throughout D.C., this has continued to send a plethora of deposits into its coffers and created plenty of loan growth. Even better has been the rise in interest rates which has continued to boost our picks, margins and bottom line.
With high insider ownership, strong cash flows and history of rewarding shareholders via buybacks and dividend growth, our new regional pick is a top choice in the financial sector.
In order to make room for our new community pick, we’ve been forced to remove a large insurance stock from the list.
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
