Sectors & Industries Financial ServicesBanks - Regional
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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
PVBC	PROVIDENT BANCORP INC	NASDAQ	Banks - Regional	$136.33M	$7.72	-0.52%	$15.87M	11.70x	6.53
BSBK	BOGOTA FINANCIAL CORP	NASDAQ	Banks - Regional	$88.88M	$6.71	0.00%	$938.78k	134.20x	5.85
BAFN	BAYFIRST FINANCIAL CORP	NASDAQ	Banks - Regional	$52.35M	$12.66	-1.09%	$10.07M	10.91x	10.10
TCBC	TC BANCSHARES INC	NASDAQ	Banks - Regional	$58.72M	$13.59	0.30%	$1.22M	226.50x	4.86
KB	KB FINANCIAL GROUP INC	NYSE	Banks - Regional	$17.88B	$45.88	0.42%	$5.30B	5.45x	13.47
TBNK	TERRITORIAL BANCORP INC	NASDAQ	Banks - Regional	$62.05M	$7.03	0.43%	$10.75M	12.12x	7.91
JMSB	JOHN MARSHALL BANCORP INC	NASDAQ	Banks - Regional	$238.22M	$16.81	3.13%	$9.70M	45.43x	8.75
TFC	TRUIST FINANCIAL CORP	NYSE	Banks - Regional	$47.66B	$35.71	0.14%	$986.00M	-32.76x	8.04
PCB	PCB BANCORP	NASDAQ	Banks - Regional	$217.01M	$15.22	-0.03%	$45.45M	7.11x	7.00
CLST	CATALYST BANCORP INC	NASDAQ	Banks - Regional	$53.67M	$11.77	0.17%	$1.09M	84.07x	2.20
AMAL	AMALGAMATED FINANCIAL CORP	NASDAQ	Banks - Regional	$657.48M	$21.55	0.28%	$129.14M	7.48x	12.62
BSBR	BANCO SANTANDER (BRASIL) SA	NYSE	Banks - Regional	$38.11B	$5.12	-0.19%	$14.61B	N/A	8.74
LSBK	LAKE SHORE BANCORP INC	NASDAQ	Banks - Regional	$58.63M	$10.31	-1.50%	$7.03M	12.58x	7.41
BWB	BRIDGEWATER BANCSHARES INC	NASDAQ	Banks - Regional	$313.95M	$11.33	1.43%	$55.57M	8.78x	9.84
NYCB	NEW YORK COMMUNITY BANCORP INC	NYSE	Banks - Regional	$2.35B	$2.95	-0.67%	$115.00M	-18.44x	12.63
HONE	HARBORONE BANCORP INC	NASDAQ	Banks - Regional	$422.97M	$9.35	1.85%	$29.73M	25.27x	8.71
SFST	SOUTHERN FIRST BANCSHARES INC	NASDAQ	Banks - Regional	$222.34M	$27.26	1.68%	$22.24M	16.32x	11.98
ASRV	AMERISERV FINANCIAL INC	NASDAQ	Banks - Regional	$46.13M	$2.69	4.67%	-$2.34M	-13.45x	12.59
SHFS	SHF HOLDINGS INC	NASDAQ	Banks - Regional	$40.35M	$0.73	7.06%	-$16.49M	-1.78x	0.98
BANC	BANC OF CALIFORNIA INC	NYSE	Banks - Regional	$2.17B	$13.80	-0.07%	-$2.12B	-0.61x	10.36
SBT	STERLING BANCORP INC	NASDAQ	Banks - Regional	$247.84M	$4.76	0.21%	$11.89M	31.73x	6.37
LNKB	LINKBANCORP INC	NASDAQ	Banks - Regional	$234.55M	$6.28	1.29%	-$13.55M	-9.37x	9.06
CLBK	COLUMBIA FINANCIAL INC	NASDAQ	Banks - Regional	$1.70B	$16.19	1.44%	$60.32M	46.26x	9.23
BHRB	BURKE & HERBERT FINANCIAL SERVICES CORP	NASDAQ	Banks - Regional	$386.36M	$51.93	0.48%	$27.93M	17.03x	10.49
CULL	CULLMAN BANCORP INC	NASDAQ	Banks - Regional	$75.56M	$10.40	0.00%	$5.52M	18.57x	3.05
WMPN	WILLIAM PENN BANCORPORATION	NASDAQ	Banks - Regional	$116.81M	$12.23	0.16%	$1.89M	152.88x	5.41
TFIN	TRIUMPH FINANCIAL INC	NASDAQ	Banks - Regional	$1.59B	$68.10	-8.13%	$71.90M	50.82x	5.39
GBNY	GENERATIONS BANCORP NY INC	NASDAQ	Banks - Regional	$22.99M	$10.26	0.00%	-$974.00k	-14.24x	10.26
CPBI	CENTRAL PLAINS BANCSHARES INC	NASDAQ	Banks - Regional	$41.47M	$10.04	0.65%	N/A	N/A	4.84
CFSB	CFSB BANCORP INC	NASDAQ	Banks - Regional	$48.29M	$7.28	0.00%	$1.18M	104.00x	3.74
MFG	MIZUHO FINANCIAL GROUP INC	NYSE	Banks - Regional	$48.75B	$3.84	1.05%	$1.84B	-480.00x	26.81
HMST	HOMESTREET INC	NASDAQ	Banks - Regional	$230.44M	$12.22	-0.89%	-$16.46M	-8.37x	16.45
BCOW	1895 BANCORP OF WISCONSIN INC	NASDAQ	Banks - Regional	$42.31M	$7.00	0.00%	-$5.91M	-5.69x	6.66
SUPV	GRUPO SUPERVIELLE SA	NYSE	Banks - Regional	$471.08M	$5.30	-0.75%	$6.82M	-20.87x	6.55
NSTS	NSTS BANCORP INC	NASDAQ	Banks - Regional	$50.89M	$9.58	0.03%	-$2.69M	-12.12x	2.31
BRBS	BLUE RIDGE BANKSHARES INC	NYSEMKT	Banks - Regional	$48.57M	$2.53	-0.78%	-$55.85M	-0.93x	15.76
FSEA	FIRST SEACOAST BANCORP INC	NASDAQ	Banks - Regional	$44.43M	$8.75	0.00%	-$6.23M	-3.82x	7.57
CARV	CARVER BANCORP INC	NASDAQ	Banks - Regional	$7.93M	$1.59	1.27%	-$3.47M	-1.59x	17.15
SRBK	SR BANCORP INC	NASDAQ	Banks - Regional	$87.57M	$9.21	0.44%	N/A	N/A	4.43
BLFY	BLUE FOUNDRY BANCORP	NASDAQ	Banks - Regional	$195.19M	$8.02	0.75%	-$4.53M	-25.87x	4.75
FFWM	FIRST FOUNDATION INC	NYSE	Banks - Regional	$363.09M	$6.43	1.42%	-$194.00M	-1.82x	13.40
KFFB	KENTUCKY FIRST FEDERAL BANCORP	NASDAQ	Banks - Regional	$31.09M	$3.85	0.00%	-$206.00k	-76.90x	6.45
TCBS	TEXAS COMMUNITY BANCSHARES INC	NASDAQ	Banks - Regional	$45.43M	$14.25	0.00%	-$515.00k	-59.38x	7.42
PNBK	PATRIOT NATIONAL BANCORP INC	NASDAQ	Banks - Regional	$14.31M	$3.60	-3.07%	-$4.39M	-3.43x	23.64

Bank Stocks FAQ

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

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

1. Third Coast Bancshares (NASDAQ:TCBX)

Third Coast Bancshares (NASDAQ:TCBX) is the top bank stock with a Zen Score of 59, which is 26 points higher than the bank industry average of 33. It passed 19 out of 33 due diligence checks and has strong fundamentals. Third Coast Bancshares has seen its stock return 29.09% over the past year, overperforming other bank stocks by 19 percentage points.

Third Coast Bancshares has an average 1 year price target of $22.67, an upside of 22.19% from Third Coast Bancshares's current stock price of $18.55.

Third Coast Bancshares stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Third Coast Bancshares, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Webster Financial (NYSE:WBS)

Webster Financial (NYSE:WBS) is the second best bank stock with a Zen Score of 59, which is 26 points higher than the bank industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Webster Financial has seen its stock return 18.79% over the past year, overperforming other bank stocks by 9 percentage points.

Webster Financial has an average 1 year price target of $61.30, an upside of 35.41% from Webster Financial's current stock price of $45.27.

Webster Financial stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Webster Financial, 70% have issued a Strong Buy rating, 30% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Orrstown Financial Services (NASDAQ:ORRF)

Orrstown Financial Services (NASDAQ:ORRF) is the third best bank stock with a Zen Score of 58, which is 25 points higher than the bank industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Orrstown Financial Services has seen its stock return 36.63% over the past year, overperforming other bank stocks by 27 percentage points.

Orrstown Financial Services has an average 1 year price target of $32.00, an upside of 27.85% from Orrstown Financial Services's current stock price of $25.03.

Orrstown Financial Services stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Orrstown Financial Services, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 269 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 3.99%.

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 18.98%, which is 15 percentage points higher than the bank industry average of 3.99%. 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 10.97%, which is 7 percentage points higher than the bank industry average of 3.99%. 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 0.41% in the last day, and down -2.07% over the last week. Metropolitan Bank Holding was the among the top gainers in the banks - regional industry, gaining 1.35% yesterday.

Metropolitan Bank Holding shares are trading higher after the company reported better-than-expected Q1 financial results.

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 50 points higher than the bank industry average of 50. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 26.32% in the past year. It has overperformed other stocks in the bank industry by 17 percentage points.

2. Hanover Bancorp (NASDAQ:HNVR)

Hanover Bancorp (NASDAQ:HNVR) is the second most undervalued bank stock based on WallStreetZen's Valuation Score. Hanover Bancorp has a valuation score of 100, which is 50 points higher than the bank industry average of 50. It passed 7 out of 7 valuation due diligence checks.

Hanover Bancorp's stock has dropped -17.53% in the past year. It has underperformed other stocks in the bank industry by -27 percentage points.

3. Op Bancorp (NASDAQ:OPBK)

Op Bancorp (NASDAQ:OPBK) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Op Bancorp has a valuation score of 100, which is 50 points higher than the bank industry average of 50. It passed 7 out of 7 valuation due diligence checks.

Op Bancorp's stock has gained 1.67% in the past year. It has underperformed other stocks in the bank industry by -8 percentage points.

Are bank stocks a good buy now?

36.63% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 18.89% 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 -10.84x.

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.