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Best Bank Stocks to Buy Now (2024)
Top bank stocks in 2024 ranked by overall Zen Score. See the best bank stocks to buy now, according to analyst forecasts for the banks - regional industry.

Industry: Banks - Regional
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
FRAF
FRANKLIN FINANCIAL SERVICES CORP
United States
$126.34M4,383,72024.78%13.32%Net BuyingNet Buying
PEBO
PEOPLES BANCORP INC
United States
$1.06B35,493,84455.46%7.11%Net BuyingNet Buying
ONB
OLD NATIONAL BANCORP
United States
$5.48B318,971,00076.71%1.54%Net SellingNet Selling
CFFI
C & F FINANCIAL CORP
United States
$145.47M3,373,50337.19%10.66%Net SellingNet Selling
FBMS
FIRST BANCSHARES INC
United States
$773.51M31,227,88164.00%12.33%Net SellingNet Selling
HBT
HBT FINANCIAL INC
United States
$606.56M31,591,46623.82%63.18%Net BuyingNet Buying
HFBL
HOME FEDERAL BANCORP INC OF LOUISIANA
United States
$36.15M3,143,7898.65%43.87%Net BuyingNet Selling
FCBC
FIRST COMMUNITY BANKSHARES INC
United States
$651.73M18,353,51330.83%69.17%Net Selling
MCBC
MACATAWA BANK CORP
United States
$495.49M34,361,56242.52%28.74%Net Selling
CATC
CAMBRIDGE BANCORP
United States
$523.91M7,846,51055.96%6.89%Net SellingNet Selling
CWBC
COMMUNITY WEST BANCSHARES
United States
$205.87M11,831,69436.65%63.35%Net BuyingNet Buying
CFBK
CF BANKSHARES INC
United States
$117.22M6,341,29724.24%53.99%Net BuyingNet Selling
ESSA
ESSA BANCORP INC
United States
$174.26M10,131,52143.83%17.75%Net Buying
MBIN
MERCHANTS BANCORP
United States
$1.99B43,331,30426.80%73.20%Net SellingNet Buying
NECB
NORTHEAST COMMUNITY BANCORP INC
United States
$233.49M14,065,79641.23%57.44%Net SellingNet Buying
CATY
CATHAY GENERAL BANCORP
United States
$2.65B72,669,73874.96%15.44%Net SellingNet Selling
STBA
S&T BANCORP INC
United States
$1.21B38,235,88265.11%6.06%Net BuyingNet Buying
SMBK
SMARTFINANCIAL INC
United States
$377.50M17,058,11451.36%19.35%Net SellingNet Buying
CTBI
COMMUNITY TRUST BANCORP INC
United States
$786.07M18,020,84960.12%20.91%Net BuyingNet Buying
FHN
FIRST HORIZON CORP
United States
$8.64B546,867,68381.69%3.06%Net SellingNet Selling
TRST
TRUSTCO BANK CORP N Y
United States
$531.35M19,024,43368.51%26.65%Net SellingNet Buying
SHBI
SHORE BANCSHARES INC
United States
$372.29M33,210,52254.29%11.30%Net BuyingNet Buying
UMBF
UMB FINANCIAL CORP
United States
$4.02B48,741,90287.72%10.86%Net SellingNet Selling
PB
PROSPERITY BANCSHARES INC
United States
$5.90B93,529,54180.66%9.54%Net SellingNet Selling
COLB
COLUMBIA BANKING SYSTEM INC
United States
$4.21B208,625,64988.79%1.46%Net BuyingNet Buying
MBCN
MIDDLEFIELD BANC CORP
United States
$187.12M8,069,14431.80%7.29%Net BuyingNet Buying
SFBS
SERVISFIRST BANCSHARES INC
United States
$3.42B54,489,09068.78%17.55%Net Buying
MNSB
MAINSTREET BANCSHARES INC
United States
$126.09M7,614,09055.05%11.48%Net BuyingNet Buying
MOFG
MIDWESTONE FINANCIAL GROUP INC
United States
$336.27M15,750,47163.70%36.30%Net BuyingNet Selling
CVLY
CODORUS VALLEY BANCORP INC
United States
$216.86M9,642,66952.04%7.56%Net BuyingNet Buying
AUB
ATLANTIC UNION BANKSHARES CORP
United States
$3.01B89,766,69165.69%25.25%Net SellingNet Selling
GABC
GERMAN AMERICAN BANCORP INC
United States
$951.15M29,584,70946.80%12.71%Net BuyingNet Selling
SSB
SOUTHSTATE CORP
United States
$5.99B76,188,90489.77%3.96%Net SellingNet Selling
TSBK
TIMBERLAND BANCORP INC
United States
$212.01M8,122,90862.08%10.70%Net Buying
PKBK
PARKE BANCORP INC
United States
$201.38M11,958,32144.46%24.90%Net SellingNet Selling
HMNF
HMN FINANCIAL INC
United States
$86.80M4,462,55559.98%18.91%
NEWT
NEWTEKONE INC
United States
$275.75M24,708,77137.85%61.68%Net BuyingNet Selling
NRIM
NORTHRIM BANCORP INC
United States
$271.40M5,499,57865.76%11.82%Net BuyingNet Buying
LCNB
LCNB CORP
United States
$193.47M13,224,27634.72%11.48%Net BuyingNet Buying
DB
DEUTSCHE BANK AKTIENGESELLSCHAFT
United States
$32.81B1,992,047,85028.97%0.00%
MBWM
MERCANTILE BANK CORP
United States
$620.17M16,120,75858.59%23.30%Net SellingNet Selling
HTBI
HOMETRUST BANCSHARES INC
United States
$464.73M17,444,78755.65%16.02%Net BuyingNet Selling
IBTX
INDEPENDENT BANK GROUP INC
United States
$1.67B41,379,49274.82%25.18%Net SellingNet Selling
NBTB
NBT BANCORP INC
United States
$1.74B47,152,13758.39%10.93%Net SellingNet Selling
EBC
EASTERN BANKSHARES INC
United States
$2.40B176,631,47763.10%1.68%Net SellingNet Selling
BCML
BAYCOM CORP
United States
$230.87M11,468,98257.09%6.84%
UBCP
UNITED BANCORP INC
United States
$69.86M5,702,6858.83%19.02%Net SellingNet Selling
CHCO
CITY HOLDING CO
United States
$1.55B14,816,77672.33%10.14%Net SellingNet Selling
FCF
FIRST COMMONWEALTH FINANCIAL CORP
United States
$1.40B102,244,62272.50%7.73%Net SellingNet Buying
RNST
RENASANT CORP
United States
$1.69B56,216,70277.21%9.62%Net SellingNet Selling
LYG
LLOYDS BANKING GROUP PLC
United Kingdom
$41.32B63,569,225,6620.59%0.00%
OBK
ORIGIN BANCORP INC
United States
$1.00B30,988,54854.59%11.17%Net BuyingNet Selling
FUNC
FIRST UNITED CORP
United States
$150.73M6,643,16133.25%13.95%Net BuyingNet Selling
HTH
HILLTOP HOLDINGS INC
United States
$2.04B65,266,91532.02%67.98%Net SellingNet Selling
CCNE
CNB FINANCIAL CORP
United States
$410.83M21,003,56855.25%11.75%Net BuyingNet Buying
FBNC
FIRST BANCORP
United States
$1.31B41,134,36068.27%9.48%Net SellingNet Buying
CBSH
COMMERCE BANCSHARES INC
United States
$7.29B129,877,14670.26%5.29%Net SellingNet Selling
FRME
FIRST MERCHANTS CORP
United States
$2.03B58,585,47974.86%3.51%Net BuyingNet Selling
BCH
BANK OF CHILE
Chile
$11.34B101,017,081,1140.01%0.00%
BVFL
BV FINANCIAL INC
United States
$118.88M11,375,80334.99%7.23%Net Buying
UBSI
UNITED BANKSHARES INC
United States
$4.58B134,952,67870.98%2.97%Net SellingNet Selling
PFS
PROVIDENT FINANCIAL SERVICES INC
United States
$1.18B75,984,17571.57%9.16%Net SellingNet Selling
PWOD
PENNS WOODS BANCORP INC
United States
$138.78M7,513,89827.94%8.07%Net BuyingNet Buying
SFNC
SIMMONS FIRST NATIONAL CORP
United States
$2.25B125,327,68467.29%2.86%Net BuyingNet Buying
SRCE
1ST SOURCE CORP
United States
$1.26B24,489,69456.65%43.35%Net BuyingNet Selling
WAFD
WAFD INC
United States
$2.32B81,414,83366.64%3.85%Net Buying
PBHC
PATHFINDER BANCORP INC
United States
$75.09M6,100,07114.40%27.29%Net BuyingNet Buying
UNB
UNION BANKSHARES INC
United States
$118.63M4,519,38414.55%85.45%Net BuyingNet Buying
PBBK
PB BANKSHARES INC
United States
$33.64M2,634,9678.05%10.41%Net BuyingNet Buying
BSAC
BANCO SANTANDER CHILE
Chile
$10.26B188,446,126,7940.02%0.00%
SASR
SANDY SPRING BANCORP INC
United States
$1.00B45,061,35366.66%1.44%Net BuyingNet Selling
SSBK
SOUTHERN STATES BANCSHARES INC
United States
$229.77M8,871,50054.17%13.95%Net BuyingNet Buying
FISI
FINANCIAL INSTITUTIONS INC
United States
$275.04M15,408,58060.42%10.73%Net BuyingNet Selling
BRKL
BROOKLINE BANCORP INC
United States
$786.72M88,894,57778.83%5.91%Net SellingNet Selling
BSVN
BANK7 CORP
United States
$267.35M9,238,2068.64%91.36%Net SellingNet Selling
BMRC
BANK OF MARIN BANCORP
United States
$251.97M16,193,34252.25%9.55%Net BuyingNet Selling
PEBK
PEOPLES BANCORP OF NORTH CAROLINA INC
United States
$164.02M5,291,02936.31%63.69%Net SellingNet Selling
MRBK
MERIDIAN CORP
United States
$97.87M11,185,51545.77%11.47%Net BuyingNet Buying
FXNC
FIRST NATIONAL CORP
United States
$96.67M6,277,37333.83%44.39%Net BuyingNet Buying
TRMK
TRUSTMARK CORP
United States
$1.89B61,084,29967.66%7.33%Net SellingNet Selling
HAFC
HANMI FINANCIAL CORP
United States
$480.12M30,387,06277.26%22.74%Net SellingNet Selling
HTLF
HEARTLAND FINANCIAL USA INC
United States
$1.88B42,689,05871.48%8.10%Net SellingNet Selling
FMNB
FARMERS NATIONAL BANC CORP
United States
$463.69M37,545,86438.79%18.94%Net BuyingNet Buying
NFBK
NORTHFIELD BANCORP INC
United States
$400.63M44,464,64447.06%52.94%Net SellingNet Selling
AROW
ARROW FINANCIAL CORP
United States
$391.65M16,553,05846.64%8.55%Net BuyingNet Buying
BFIN
BANKFINANCIAL CORP
United States
$124.61M12,460,67853.60%31.46%Net BuyingNet Buying
EVBN
EVANS BANCORP INC
United States
$141.06M5,521,00961.48%26.63%Net BuyingNet Selling
FNB
FNB CORP
United States
$4.95B358,945,53179.21%2.46%Net BuyingNet Buying
CALB
CALIFORNIA BANCORP
United States
$183.20M8,413,31256.95%12.13%Net Buying
BSRR
SIERRA BANCORP
United States
$308.33M14,788,12155.07%41.30%Net SellingNet Selling
HWC
HANCOCK WHITNEY CORP
United States
$4.11B86,347,50381.39%7.60%Net BuyingNet Buying
BPOP
POPULAR INC
Puerto Rico
$6.42B72,254,01576.25%23.75%Net BuyingNet Buying
HBNC
HORIZON BANCORP INC
United States
$550.07M44,111,17464.46%15.37%Net BuyingNet Buying
BUSE
FIRST BUSEY CORP
United States
$1.31B55,247,09443.73%56.27%Net BuyingNet Selling
BPRN
PRINCETON BANCORP INC
United States
$192.90M6,337,10543.34%20.02%Net SellingNet Buying
CNOB
CONNECTONE BANCORP INC
United States
$747.11M38,333,05360.01%39.99%Net SellingNet Selling
OVBC
OHIO VALLEY BANC CORP
United States
$109.30M4,793,67414.90%20.96%Net BuyingNet Buying
PFIS
PEOPLES FINANCIAL SERVICES CORP
United States
$279.53M7,058,74931.78%19.84%Net BuyingNet Selling
CBU
COMMUNITY BANK SYSTEM INC
United States
$2.45B53,328,53473.73%10.78%Net SellingNet Buying
COFS
CHOICEONE FINANCIAL SERVICES INC
United States
$194.41M7,552,91919.90%29.94%Net BuyingNet Buying

Bank Stocks FAQ

What are the best bank stocks to buy right now in May 2024?

According to Zen Score, the 3 best bank stocks to buy right now are:

1. Webster Financial (NYSE:WBS)


Webster Financial (NYSE:WBS) is the top bank stock with a Zen Score of 61, which is 28 points higher than the bank industry average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Webster Financial has seen its stock return 33.18% over the past year, overperforming other bank stocks by 6 percentage points.

Webster Financial has an average 1 year price target of $59.00, an upside of 31.34% from Webster Financial's current stock price of $44.92.

Webster Financial stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Webster Financial, 63.64% have issued a Strong Buy rating, 36.36% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Cb Financial Services (NASDAQ:CBFV)


Cb Financial Services (NASDAQ:CBFV) is the second best bank stock with a Zen Score of 57, which is 24 points higher than the bank industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Cb Financial Services has seen its stock return 7.21% over the past year, underperforming other bank stocks by -20 percentage points.

Cb Financial Services has an average 1 year price target of $24.33, an upside of 9.12% from Cb Financial Services's current stock price of $22.30.

Cb Financial Services stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Cb Financial Services, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Southern Missouri Bancorp (NASDAQ:SMBC)


Southern Missouri Bancorp (NASDAQ:SMBC) is the third best bank stock with a Zen Score of 56, which is 23 points higher than the bank industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Southern Missouri Bancorp has seen its stock return 29.31% over the past year, overperforming other bank stocks by 2 percentage points.

Southern Missouri Bancorp has an average 1 year price target of $51.00, an upside of 23.25% from Southern Missouri Bancorp's current stock price of $41.38.

Southern Missouri Bancorp stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Southern Missouri Bancorp, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the bank stocks with highest dividends?

Out of 270 bank stocks that have issued dividends in the past year, the 3 bank stocks with the highest dividend yields are:

1. Blue Ridge Bankshares (NYSEMKT:BRBS)


Blue Ridge Bankshares (NYSEMKT:BRBS) has an annual dividend yield of N/A, which is N/A percentage points lower than the bank industry average of 3.76%.

Blue Ridge Bankshares's dividend payout ratio of -4.5% indicates that its dividend yield might not be sustainable for the long-term.

2. New York Community Bancorp (NYSE:NYCB)


New York Community Bancorp (NYSE:NYCB) has an annual dividend yield of 11.05%, which is 7 percentage points higher than the bank industry average of 3.76%. New York Community Bancorp's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. New York Community Bancorp's dividend has not shown consistent growth over the last 10 years.

New York Community Bancorp's dividend payout ratio of -350% indicates that its high dividend yield might not be sustainable for the long-term.

3. Bancolombia Sa (NYSE:CIB)


Bancolombia Sa (NYSE:CIB) has an annual dividend yield of 10.43%, which is 7 percentage points higher than the bank industry average of 3.76%. Bancolombia Sa's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Bancolombia Sa's dividend has shown consistent growth over the last 10 years.

Bancolombia Sa's dividend payout ratio of 39.4% indicates that its high dividend yield is sustainable for the long-term.

Why are bank stocks up?

Bank stocks were up 0.83% in the last day, and up 1.52% over the last week.

We couldn't find a catalyst for why bank stocks are up.

What are the most undervalued bank stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued bank stocks right now are:

1. First Us Bancshares (NASDAQ:FUSB)


First Us Bancshares (NASDAQ:FUSB) is the most undervalued bank stock based on WallStreetZen's Valuation Score. First Us Bancshares has a valuation score of 100, which is 53 points higher than the bank industry average of 47. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 48.36% in the past year. It has overperformed other stocks in the bank industry by 21 percentage points.

2. Southern Missouri Bancorp (NASDAQ:SMBC)


Southern Missouri Bancorp (NASDAQ:SMBC) is the second most undervalued bank stock based on WallStreetZen's Valuation Score. Southern Missouri Bancorp has a valuation score of 100, which is 53 points higher than the bank industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Southern Missouri Bancorp's stock has gained 29.31% in the past year. It has overperformed other stocks in the bank industry by 2 percentage points.

3. Richmond Mutual Bancorporation (NASDAQ:RMBI)


Richmond Mutual Bancorporation (NASDAQ:RMBI) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Richmond Mutual Bancorporation has a valuation score of 100, which is 53 points higher than the bank industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Richmond Mutual Bancorporation's stock has gained 24.17% in the past year. It has underperformed other stocks in the bank industry by -3 percentage points.

Are bank stocks a good buy now?

38.94% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 12.35% over the next year.

What is the average p/e ratio of the banks - regional industry?

The average P/E ratio of the banks - regional industry is -10.04x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.