Based on the closing price on March 17, the net stock market rate of 35 Banks is less than twice, accounting for 83.33%. Among them, 10 stock markets have a net return of less than 0.5 times.
If the dividend plan of listed banks is the same as that in previous years, based on the current stock price, the dividend rate of seven banks is expected to exceed 6%, much higher than the yield of deposits and financial products. There is a view that it is not as good as taking dividends from investment bank stocks at present. Is this method feasible?
35 bank shares fell below net worth
According to the data, as of the closing on March 17, among the 42 A-share bank stocks, 7 banks had a net stock market rate higher than doubled, and the remaining 35 bank stocks fell below the net value.
Bank stocks with a price to book ratio of more than 1 times are dominated by blue chip stocks and secondary new shares, including Bank Of Ningbo Co.Ltd(002142) , China Merchants Bank Co.Ltd(600036) , Bank of Lanzhou, Bank Of Chengdu Co.Ltd(601838) , Bank Of Hangzhou Co.Ltd(600926) , Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) . Among them, Bank Of Ningbo Co.Ltd(002142) , China Merchants Bank Co.Ltd(600036) , Lanzhou bank’s price to book ratio is higher than 1.2 times.
The share prices of 35 banks have fallen below net worth, and the net worth ratio of 10 stock markets is even less than 0.5 times more than the net worth of 10 stocks, including three urban and rural commercial firms, three urban and rural firms, three urban and rural commercial firms, three urban and rural firms, three urban and rural commercial firms, three urban and rural commercial firms, three urban and rural firms, three urban and rural commercial firms, three urban and rural commercial firms, three urban and rural commercial firms, three urban and rural commercial firms, three urban and rural commercial firms, three urban and rural commercial firms, including Inner Mongolia Baotou Steel Union Co.Ltd(600010) 7601070707070707077 2 every country has its own line.
dividend yield increase
Some people believe that under the current valuation level, if the dividend plan of listed banks remains unchanged in 2021, the dividend yield of bank shares is expected to increase, which may be a good time for investment.
For example, suppose that the dividend scheme of a bank stock in 2019 is 0.3 yuan in cash per share, and the share price per share is 6 yuan, then the dividend yield = 0.3 / 6 100% = 5%. If the share price per share in the same period of this year is 5 yuan and the dividend plan remains unchanged, the dividend yield = 0.3 / 5 100% = 6%, which is 1 percentage point higher than that in previous years.
In this way, based on the closing price on March 17, the current dividend yield of Bank Of Beijing Co.Ltd(601169) is the highest, approaching 6.9%, and the dividend yield of Bank Of Communications Co.Ltd(601328) , China Everbright Bank Company Limited Co.Ltd(601818) , Bank Of China Limited(601988) , Agricultural Bank Of China Limited(601288) , Shanghai Pudong Development Bank Co.Ltd(600000) , Bank Of Shanghai Co.Ltd(601229) are also higher than 6%.
In this regard, an insider told reporters that bank stocks have always been an investment variety with undervalued and high dividends. The investment strategy of taking dividends through long-term investment bank stocks is reasonable, but the premise is that listed banks operate steadily, the dividend plan is stable and the stock price is relatively stable. If you want to get a considerable amount of dividends, investors need to invest large enough.
According to the data, in 2020, 16 listed banks, including Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , Bank Of Qingdao Co.Ltd(002948) , Qilu Bank Co.Ltd(601665) , China Merchants Bank Co.Ltd(600036) and others, all paid more than 30% dividends. In terms of dividend amount, Industrial And Commercial Bank Of China Limited(601398) , China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) all exceeded 50 billion yuan, China Merchants Bank Co.Ltd(600036) , Bank Of Communications Co.Ltd(601328) , Postal Savings Bank Of China Co.Ltd(601658) , Industrial Bank Co.Ltd(601166) all exceeded 15 billion yuan.
On March 2, Tian Guoli, chairman of China China Construction Bank Corporation(601939) board of directors, said at the press conference of the state information office that large bank stocks are not suitable for short-term, but in the long run, the dividend rate has been far higher than financial products, and there are still opportunities for profit after holding them.
A brokerage analyst told reporters that although the dividend yield of bank shares is higher than that of most financial products, the short-term share price increase of bank shares may be higher than the dividend yield. Investors can choose their own investment strategy according to their own risk preference.
Data show that since this year, the share prices of 14 A-share listed banks have risen, and the cumulative increase of Bank Of Chengdu Co.Ltd(601838) , Lanzhou bank has exceeded 10%.
For the recent investment opportunities of bank stocks, Du bin, chief strategic analyst of Jinyong investment, believes that the recent meeting of the financial committee of the State Council required to guide the credit supply, which is good for the bank’s business. At the same time, on the premise of requiring the prudent introduction of austerity policies, it will also help the development of promising enterprises and improve the development of the real economy and the demand for funds as a whole. In the real estate industry, the financial commission of the State Council proposed to timely study and put forward effective risk prevention and resolution solutions, which is good for the banking industry. Overall, the current market valuation of bank stocks is too low, and bank stocks are expected to usher in a restorative market.
