Star Banc Corporation Ranked as Number One Defensive Stock

Strategic Insights -

Star Banc Corporation, a $17 billion multi-state bank holding company, has been recognized as the number one stock in the U.S. in the category of "Defensive Stocks" by CNBC's Top 100 Labor Day program. This exceptional ranking was based on a set of rigorous criteria developed by Microsoft Investor, seeking consistent long-term growth, profitability, and dividend yield, as well as market-beating price gains. The defensive stock ranking is comprised of 13 stocks that demonstrate resilience in economically challenging times. Star Banc's ranking is a testament to its commitment to providing reliable financial services to its customers.

Key Takeaways:

  • Star Banc Corporation was ranked as the number one stock in the U.S. in the category of "Defensive Stocks" by CNBC's Top 100 Labor Day program.
  • The company was the only regional banking company to make the top 100 stock list, demonstrating its exceptional financial performance and stability.
  • The ranking was based on Microsoft Investor's special screening techniques, seeking consistent long-term growth, profitability, and dividend yield, as well as market-beating price gains.
  • The defensive stock ranking includes 13 stocks that show signs of being good defensive plays in tough times for the economy and market.
  • The criteria for making the list included a market cap greater than $5 billion, five-year earnings per share and revenue growth greater than five percent, and other stringent financial metrics.
  • Star Banc offers a range of innovative banking services, including "24-Hour Remote Banking," a fully integrated customer service and banking convenience package.
  • The company also offers a "Five Star Service Guarantee," which assures customers of certain key banking benefits or provides compensation for inconvenience.

Statistics:

  • Star Banc Corporation is a $17 billion multi-state bank holding company.
  • The company operates 452 full-service banking locations in Ohio, Kentucky, Indiana, and Tennessee.
  • Star banc Finance, Inc., a consumer finance company, is a subsidiary of the bank holding company.
  • The company's stock price gained more than five percent during the past year, exceeding the industry average.
  • The company's debt to equity ratio is better than the industry averages.
  • Star Bank offers a range of innovative banking services, including PC banking, super ATMs, screen phone banking, video kiosk banking, and Internet banking.

Sources:

  • CNBC's Top 100 Labor Day program, aired on September 7, 1998.
  • Business Wire, "Star Banc Corporation Ranked #1 Defensive Stock" press release, September 9, 1998.
  • Microsoft Investor, special screening techniques for identifying defensive stocks.