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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
SFST
SOUTHERN FIRST BANCSHARES INC
$226.98M4.30%0.30%N/A0.40%12.02N/A100.00%15.20%19.83%
TFC
TRUIST FINANCIAL CORP
$53.72B-2.90%-0.30%N/A-0.10%8.06N/A100.00%-8.90%-3.54%
USCB
USCB FINANCIAL HOLDINGS INC
$240.98M8.10%0.70%N/A0.80%11.76N/A100.00%24.40%32.00%
MYFW
FIRST WESTERN FINANCIAL INC
$170.78M1.60%0.10%N/A0.20%10.94N/A100.00%4.90%6.82%
AMTB
AMERANT BANCORP INC
$782.21M3.10%0.20%N/A0.30%12.30N/A100.00%6.70%9.05%
LNKB
LINKBANCORP INC
$248.05M-2.30%-0.20%N/A-0.30%9.39N/A100.00%-9.10%-11.85%
NYCB
NEW YORK COMMUNITY BANCORP INC
$3.01B-25.20%-2.10%N/A-2.00%12.39N/A100.00%-88.40%-88.14%
FFNW
FIRST FINANCIAL NORTHWEST INC
$196.97M1.90%0.20%N/A0.20%8.17N/A100.00%7.40%8.99%
ASRV
AMERISERV FINANCIAL INC
$47.15M-2.90%-0.20%N/A-0.30%12.32N/A100.00%-6.50%-8.57%
CULL
CULLMAN BANCORP INC
$74.21M3.60%0.90%N/A1.10%3.15N/A100.00%22.30%28.06%
CLBK
COLUMBIA FINANCIAL INC
$1.68B1.60%0.20%N/A0.20%9.25N/A100.00%7.90%9.75%
BANC
BANC OF CALIFORNIA INC
$2.23B-18.80%-1.80%N/A-2.30%9.63N/A100.00%-283.20%-367.56%
BWB
BRIDGEWATER BANCSHARES INC
$325.20M7.60%0.70%N/A1.00%9.89N/A100.00%29.90%43.82%
CFFN
CAPITOL FEDERAL FINANCIAL INC
$688.89M-11.10%-1.20%N/A-1.30%8.49N/A100.00%272.70%369.66%
SBT
STERLING BANCORP INC
$262.21M2.40%0.30%N/A0.60%6.38N/A100.00%10.40%14.60%
PDLB
PONCE FINANCIAL GROUP INC
$207.64M1.10%0.20%N/A0.30%4.71N/A100.00%7.00%11.20%
JMSB
JOHN MARSHALL BANCORP INC
$246.59M1.40%0.10%N/A0.20%8.60N/A100.00%8.40%14.75%
TBNK
TERRITORIAL BANCORP INC
$74.90M0.90%0.10%N/A0.10%7.77N/A100.00%5.40%7.07%
TCBC
TC BANCSHARES INC
$59.08M-0.10%0.00%N/A0.00%5.10N/A100.00%-0.30%-0.37%
HONE
HARBORONE BANCORP INC
$488.75M2.70%0.30%N/A0.40%9.15N/A100.00%9.80%15.36%
GBNY
GENERATIONS BANCORP NY INC
$22.64M-5.40%-0.50%N/A-0.60%10.13N/A100.00%-19.70%-25.23%
MFG
MIZUHO FINANCIAL GROUP INC
$50.15B-0.20%N/AN/AN/A26.81N/A100.00%-0.70%1.06%
WF
WOORI FINANCIAL GROUP INC
$8.20B8.30%0.50%N/A0.60%14.67N/A100.00%24.00%32.47%
SHFS
SHF HOLDINGS INC
$42.68M-44.00%-19.70%-24.83%-28.00%0.831.0536.20%-79.30%-86.29%
BHRB
BURKE & HERBERT FINANCIAL SERVICES CORP
$755.02M6.80%0.60%N/A0.60%10.58N/A100.00%18.50%20.75%
BLFY
BLUE FOUNDRY BANCORP
$222.39M-2.50%-0.40%N/A-0.40%4.79N/A100.00%-21.40%-21.43%
WMPN
WILLIAM PENN BANCORPORATION
$113.60M0.60%0.10%N/A0.10%5.63N/A100.00%4.00%2.97%
FSEA
FIRST SEACOAST BANCORP INC
$46.30M-18.10%-2.20%N/A-1.20%7.91N/A100.00%-149.70%-97.68%
BCOW
1895 BANCORP OF WISCONSIN INC
$42.98M-9.30%-1.20%N/A-1.00%6.89N/A100.00%-63.50%-59.40%
CFSB
CFSB BANCORP INC
$43.84M0.00%0.00%N/A0.00%3.72N/A100.00%-0.30%0.81%
NSTS
NSTS BANCORP INC
$51.41M-5.60%-1.70%N/A-1.40%2.45N/A100.00%-85.70%-65.61%
TFIN
TRIUMPH FINANCIAL INC
$1.79B3.60%0.60%N/A0.90%5.39N/A100.00%7.80%11.29%
BRBS
BLUE RIDGE BANKSHARES INC
$66.65M-30.00%-1.90%N/A-2.00%16.00N/A100.00%-62.10%-71.24%
CARV
CARVER BANCORP INC
$9.37M-10.60%-0.60%N/A-0.60%17.15N/A100.00%-16.30%-16.28%
CLST
CATALYST BANCORP INC
$52.90M-5.00%-1.50%N/A-2.10%2.47N/A100.00%-107.70%-138.45%
SRBK
SR BANCORP INC
$87.09MN/AN/AN/AN/A4.28N/AN/AN/AN/A
BSBK
BOGOTA FINANCIAL CORP
$90.14M-0.60%-0.10%N/A-0.10%6.04N/A100.00%-5.50%-10.72%
TCBS
TEXAS COMMUNITY BANCSHARES INC
$43.96M-4.50%-0.50%N/A-0.60%8.01N/A100.00%-25.50%-32.19%
PNBK
PATRIOT NATIONAL BANCORP INC
$13.08M-8.40%-0.30%N/A-0.40%23.59N/A100.00%-13.80%-17.89%
KFFB
KENTUCKY FIRST FEDERAL BANCORP
$28.02M-1.20%-0.20%N/A-0.20%6.53N/A100.00%-8.20%-10.84%
HMST
HOMESTREET INC
$191.59M-7.60%-0.40%N/A-0.40%16.93N/A100.00%-20.90%-25.97%
FFWM
FIRST FOUNDATION INC
$333.99M-22.40%-1.60%N/A-1.60%13.63N/A100.00%-88.90%-90.66%

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.