Three Banks With Rising Shares, Big Dividends

(The following story is the first in a two-part series on bank and thrift stocks that outperformed their peers last year and still pay attractive dividends.) But a select group of small banks have seen their shares jump, with one posting an 18% increase this year while the S&P 500 Index has fallen 5%. Another is paying a dividend almost twice as high as the benchmark 10-year Treasury bond yield. Following an earlier look at three bank stocks with outsized dividends, published in November, this expanded list features more conservative measures, excluding companies whose dividend payouts exceeded their 2009 net income. The group was pared further by leaving out current participants in the Troubled Asset Relief Program, or TARP. Thinly traded names were also avoided, as were those with a Texas ratio of more than 20%. [Read the full article]

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Home Financial Bancorp (“Company”) (OTCBB: HWEN – News), an Indiana corporation which is the holding company for Owen Community Bank, s.b., (“Bank”) based in Spencer, Indiana, announces results for the second quarter and six months ended December 31, 2009.

Net interest income grew 13%, or $83,000; Non-interest income rose 22%, or $39,000; Net income increased 63% to $101,000.

Shareholders equity totaled $7.8 million, or 11% of total assets; Provisions for loan losses increased 42%, or $50,000; Net interest income expanded 8%, or $105,000; Net income improved 9% to $174,000.

For the quarter ended December 31, 2009, the Company reported net income of $101,000, or $.08 basic and diluted earnings per share. [Read the full article]

BCSB Bancorp, Inc. (Nasdaq: BCSB) the parent company of Baltimore County Savings Bank, announced today that it intends to call to order and then immediately adjourn its annual meeting of stockholders to be held at Baltimore County Savings Bank, F.S.B.’s Perry Hall Office located at 4208 Ebenezer Road, Baltimore, Maryland on Wednesday, February 10, 2010, at 4:30 p.m., local time.  BCSB is taking this action as a result of the recent and forecasted inclement weather so as to allow stockholders to safely attend the annual meeting in person.  The adjournment of the annual meeting of stockholders will be until 4:30 p.m., local time on Wednesday, February 17, 2010 at Baltimore County Savings Bank, F.S.B.’s Perry Hall Office located at 4208 Ebenezer Road, Baltimore, Maryland. [Read the full article]

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New England Bancshares, Inc. (Nasdaq GM: NEBS) announced that the Company Board of Directors declared a cash dividend on February 8, 2010 for the quarter ended December 31, 2009 of $0.02 per share. The cash dividend will be payable on March 12, 2010 to stockholders of record on February 25, 2010.

New England Bancshares, Inc. is headquartered in Enfield, Connecticut, and operates New England Bank with fifteen banking centers servicing the communities of Bristol, Cheshire, East Windsor, Ellington, Enfield, Manchester, Plymouth, Southington, Suffield, Wallingford and Windsor Locks. For more information regarding New England Bank products and services, please visit www.nebankct.com.

New England Bancshares, Inc.David J. [Read the full article]

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