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

Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Zen Score	Valuation Score	Financials Score	Forecast Score	Performance Score	Dividends Score
WBS	WEBSTER FINANCIAL CORP	61	71	57	56	40	80
CBFV	CB FINANCIAL SERVICES INC	57	100	43	0	60	80
HDB	HDFC BANK LTD	55	43	43	78	50	60
SMBC	SOUTHERN MISSOURI BANCORP INC	54	86	29	33	40	80
SBCF	SEACOAST BANKING CORP OF FLORIDA	54	71	43	44	30	80
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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 29.93% over the past year, overperforming other bank stocks by 5 percentage points.

Webster Financial has an average 1 year price target of $59.00, an upside of 31.7% from Webster Financial's current stock price of $44.80.

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 5.47% over the past year, underperforming other bank stocks by -19 percentage points.

Cb Financial Services has an average 1 year price target of $24.33, an upside of 9.76% from Cb Financial Services's current stock price of $22.17.

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. Hdfc Bank (NYSE:HDB)

Hdfc Bank (NYSE:HDB) is the third best bank stock with a Zen Score of 55, which is 22 points higher than the bank industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Hdfc Bank has seen its stock lose -15.36% over the past year, underperforming other bank stocks by -40 percentage points.

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 3.8%.

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 16.62%, which is 13 percentage points higher than the bank industry average of 3.8%. 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 10.6%, which is 7 percentage points higher than the bank industry average of 3.8%. 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 1.49% in the last day, and up 0.23% 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 43.11% in the past year. It has overperformed other stocks in the bank industry by 18 percentage points.

2. Richmond Mutual Bancorporation (NASDAQ:RMBI)

Richmond Mutual Bancorporation (NASDAQ:RMBI) is the second 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 24.25% in the past year. It has underperformed other stocks in the bank industry by -1 percentage points.

3. Eastern Bankshares (NASDAQ:EBC)

Eastern Bankshares (NASDAQ:EBC) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Eastern Bankshares 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.

Eastern Bankshares's stock has gained 27.96% in the past year. It has overperformed other stocks in the bank industry by 3 percentage points.

Are bank stocks a good buy now?

37.86% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 13.12% 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 -9.72x.

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.