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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)
SFST
SOUTHERN FIRST BANCSHARES INC
United States
$226.98M8,156,10977.23%12.75%Net BuyingNet Selling
TFC
TRUIST FINANCIAL CORP
United States
$53.72B1,338,096,14570.18%1.00%Net SellingNet Selling
USCB
USCB FINANCIAL HOLDINGS INC
United States
$240.98M19,655,63257.10%24.73%Net BuyingNet Buying
MYFW
FIRST WESTERN FINANCIAL INC
United States
$170.78M9,621,31056.76%24.05%Net SellingNet Selling
AMTB
AMERANT BANCORP INC
United States
$782.21M33,715,83443.77%6.85%Net SellingNet Selling
LNKB
LINKBANCORP INC
United States
$248.05M37,356,27829.41%33.59%Net BuyingNet Buying
NYCB
NEW YORK COMMUNITY BANCORP INC
United States
$3.01B820,716,10750.52%9.49%Net BuyingNet Buying
FFNW
FIRST FINANCIAL NORTHWEST INC
United States
$196.97M9,174,42542.25%17.40%Net BuyingNet Selling
ASRV
AMERISERV FINANCIAL INC
United States
$47.15M17,147,27031.20%31.45%Net BuyingNet Buying
CULL
CULLMAN BANCORP INC
United States
$74.21M7,247,37512.47%17.77%Net Buying
CLBK
COLUMBIA FINANCIAL INC
United States
$1.68B104,814,87012.32%63.38%Net BuyingNet Selling
BANC
BANC OF CALIFORNIA INC
United States
$2.23B158,223,09287.52%12.48%Net SellingNet Buying
BWB
BRIDGEWATER BANCSHARES INC
United States
$325.20M27,373,97247.53%21.32%Net BuyingNet Selling
CFFN
CAPITOL FEDERAL FINANCIAL INC
United States
$688.89M132,733,76563.46%36.54%Net BuyingNet Buying
SBT
STERLING BANCORP INC
United States
$262.21M52,025,98815.12%84.88%Net BuyingNet Selling
PDLB
PONCE FINANCIAL GROUP INC
United States
$207.64M23,811,73245.29%9.47%Net Buying
JMSB
JOHN MARSHALL BANCORP INC
United States
$246.59M14,221,10640.06%13.11%Net BuyingNet Buying
TBNK
TERRITORIAL BANCORP INC
United States
$74.90M8,832,23540.32%12.33%Net SellingNet Selling
TCBC
TC BANCSHARES INC
United States
$59.08M4,229,54814.37%7.77%Net Buying
HONE
HARBORONE BANCORP INC
United States
$488.75M44,675,73255.90%4.55%Net BuyingNet Buying
GBNY
GENERATIONS BANCORP NY INC
United States
$22.64M2,241,80128.05%11.78%Net Buying
MFG
MIZUHO FINANCIAL GROUP INC
Japan
$50.15B2,539,249,8943.47%0.00%
WF
WOORI FINANCIAL GROUP INC
Republic Of Korea
$8.20B751,895,5160.70%0.00%
SHFS
SHF HOLDINGS INC
United States
$42.68M55,431,00114.83%58.29%Net Buying
BHRB
BURKE & HERBERT FINANCIAL SERVICES CORP
United States
$755.02M14,847,92712.59%12.04%Net BuyingNet Buying
BLFY
BLUE FOUNDRY BANCORP
United States
$222.39M23,708,98349.61%4.76%Net SellingNet Selling
WMPN
WILLIAM PENN BANCORPORATION
United States
$113.60M9,435,60419.49%10.45%Net Buying
FSEA
FIRST SEACOAST BANCORP INC
United States
$46.30M5,077,16428.30%4.49%Net BuyingNet Buying
BCOW
1895 BANCORP OF WISCONSIN INC
United States
$42.98M6,002,33529.56%50.42%Net Buying
CFSB
CFSB BANCORP INC
United States
$43.84M6,632,6421.41%58.98%Net BuyingNet Buying
NSTS
NSTS BANCORP INC
United States
$51.41M5,310,55317.19%8.11%
TFIN
TRIUMPH FINANCIAL INC
United States
$1.79B23,334,71985.70%14.30%Net SellingNet Selling
BRBS
BLUE RIDGE BANKSHARES INC
United States
$66.65M22,982,62226.66%15.39%Net Buying
CARV
CARVER BANCORP INC
United States
$9.37M4,985,61215.14%4.64%Net BuyingNet Buying
CLST
CATALYST BANCORP INC
United States
$52.90M4,533,00020.44%7.05%Net Buying
SRBK
SR BANCORP INC
United States
$87.09M9,507,93017.97%2.75%Net Buying
BSBK
BOGOTA FINANCIAL CORP
United States
$90.14M13,256,1477.89%3.84%Net BuyingNet Buying
TCBS
TEXAS COMMUNITY BANCSHARES INC
United States
$43.96M3,187,8817.91%22.76%Net BuyingNet Buying
PNBK
PATRIOT NATIONAL BANCORP INC
United States
$13.08M3,976,07314.07%85.93%
KFFB
KENTUCKY FIRST FEDERAL BANCORP
United States
$28.02M8,098,7152.90%69.93%
HMST
HOMESTREET INC
United States
$191.59M18,857,56674.60%18.56%Net SellingNet Buying
FFWM
FIRST FOUNDATION INC
United States
$333.99M56,511,86474.99%25.01%Net SellingNet Selling

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. Southern Missouri Bancorp (NASDAQ:SMBC)


Southern Missouri Bancorp (NASDAQ:SMBC) is the top bank stock with a Zen Score of 63, which is 32 points higher than the bank industry average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Southern Missouri Bancorp has seen its stock return 33.9% over the past year, overperforming other bank stocks by 5 percentage points.

Southern Missouri Bancorp has an average 1 year price target of $51.00, an upside of 17.92% from Southern Missouri Bancorp's current stock price of $43.25.

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.

2. Hdfc Bank (NYSE:HDB)


Hdfc Bank (NYSE:HDB) is the second best bank stock with a Zen Score of 57, which is 26 points higher than the bank industry average of 31. It passed 22 out of 38 due diligence checks and has strong fundamentals. Hdfc Bank has seen its stock lose -16.36% over the past year, underperforming other bank stocks by -46 percentage points.

3. Seacoast Banking Of Florida (NASDAQ:SBCF)


Seacoast Banking Of Florida (NASDAQ:SBCF) is the third best bank stock with a Zen Score of 57, which is 26 points higher than the bank industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Seacoast Banking Of Florida has seen its stock return 26.02% over the past year, underperforming other bank stocks by -3 percentage points.

Seacoast Banking Of Florida has an average 1 year price target of $26.63, an upside of 10.61% from Seacoast Banking Of Florida's current stock price of $24.07.

Seacoast Banking Of Florida stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Seacoast Banking Of Florida, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% 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 268 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 3.62%.

Blue Ridge Bankshares's dividend payout ratio of 0% 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 10.63%, which is 7 percentage points higher than the bank industry average of 3.62%. 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 -11.4% 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 9.86%, which is 6 percentage points higher than the bank industry average of 3.62%. 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 0.29% in the last day, and up 1% 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. Southern Missouri Bancorp (NASDAQ:SMBC)


Southern Missouri Bancorp (NASDAQ:SMBC) is the most undervalued bank stock based on WallStreetZen's Valuation Score. Southern Missouri Bancorp has a valuation score of 100, which is 54 points higher than the bank industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Southern Missouri Bancorp's stock has gained 33.9% in the past year. It has overperformed other stocks in the bank industry by 5 percentage points.

2. First Us Bancshares (NASDAQ:FUSB)


First Us Bancshares (NASDAQ:FUSB) is the second most undervalued bank stock based on WallStreetZen's Valuation Score. First Us Bancshares has a valuation score of 100, which is 54 points higher than the bank industry average of 46. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 55.1% in the past year. It has overperformed other stocks in the bank industry by 26 percentage points.

3. Cb Financial Services (NASDAQ:CBFV)


Cb Financial Services (NASDAQ:CBFV) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Cb Financial Services has a valuation score of 100, which is 54 points higher than the bank industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Cb Financial Services's stock has gained 18.3% in the past year. It has underperformed other stocks in the bank industry by -11 percentage points.

Are bank stocks a good buy now?

39.52% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 9.87% 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 -6.82x.
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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.