Critical Survey: First Federal of Northrn Mchgn Bncrp (FFNM) and Comerica (CMA)
First Federal of Northrn Mchgn Bncrp (OTCMKTS:FFNM) and Comerica (NYSE:CMA) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, earnings, risk, dividends and analyst recommendations.
Valuation and Earnings
This table compares First Federal of Northrn Mchgn Bncrp and Comerica’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|First Federal of Northrn Mchgn Bncrp||N/A||N/A||N/A||N/A||N/A|
|Comerica||$3.60 billion||3.44||$1.24 billion||$7.24||10.82|
First Federal of Northrn Mchgn Bncrp pays an annual dividend of $0.20 per share. Comerica pays an annual dividend of $2.68 per share and has a dividend yield of 3.4%. Comerica pays out 37.0% of its earnings in the form of a dividend. Comerica has raised its dividend for 7 consecutive years. Comerica is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
This is a summary of current ratings and price targets for First Federal of Northrn Mchgn Bncrp and Comerica, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|First Federal of Northrn Mchgn Bncrp||0||0||0||0||N/A|
Comerica has a consensus price target of $91.90, suggesting a potential upside of 17.36%.
Institutional and Insider Ownership
84.4% of Comerica shares are held by institutional investors. 13.5% of First Federal of Northrn Mchgn Bncrp shares are held by insiders. Comparatively, 1.0% of Comerica shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
This table compares First Federal of Northrn Mchgn Bncrp and Comerica’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|First Federal of Northrn Mchgn Bncrp||N/A||N/A||N/A|
Comerica beats First Federal of Northrn Mchgn Bncrp on 9 of the 11 factors compared between the two stocks.
About First Federal of Northrn Mchgn Bncrp
First Federal of Northern Michigan Bancorp, Inc. operates as the bank holding company for First Federal of Northern Michigan that provides various financial services to individuals, families, and businesses. It offers NOW and money market accounts, and savings accounts, as well as certificates of deposit. The company also provides one- to four-family residential real estate mortgages, commercial real estate loans, commercial loans, and consumer loans, as well as investment securities and mortgage-backed securities. It operates through eight full-service facilities located in Alpena, Cheboygan, Emmet, Iosco, Otsego, Montmorency, and Oscoda Counties, Michigan. First Federal of Northern Michigan Bancorp, Inc. was founded in 1957 and is based in Alpena, Michigan.
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. It also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The company also engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, and Michigan, as well as in Arizona and Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
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