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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
PPBI
PACIFIC PREMIER BANCORP INC
$2.04B$21.31$28.6034.21%Buy555.64%N/AN/AN/A
NRIM
NORTHRIM BANCORP INC
$247.87M$45.07N/AN/AN/AN/A10.11%N/AN/AN/A
OPHC
OPTIMUMBANK HOLDINGS INC
$32.89M$4.18N/AN/AN/AN/AN/AN/AN/AN/A
BMRC
BANK OF MARIN BANCORP
$245.65M$15.17$21.5041.73%Hold26.24%N/AN/AN/A
GABC
GERMAN AMERICAN BANCORP INC
$943.16M$31.88$37.5017.63%Buy2-0.78%N/AN/AN/A
FRAF
FRANKLIN FINANCIAL SERVICES CORP
$122.88M$28.03N/AN/AN/AN/AN/AN/AN/AN/A
ACNB
ACNB CORP
$264.52M$31.10$49.0057.56%Hold11.75%N/AN/AN/A
BFC
BANK FIRST CORP
$768.86M$75.81$87.0014.76%Hold1-13.54%N/AN/AN/A
FHB
FIRST HAWAIIAN INC
$2.62B$20.53$25.0021.77%Hold11.09%15.76%N/AN/A
COLB
COLUMBIA BANKING SYSTEM INC
$3.70B$17.74$22.4226.40%Hold137.68%N/AN/AN/A
FFIN
FIRST FINANCIAL BANKSHARES INC
$4.11B$28.80$33.0014.58%Hold410.58%N/AN/AN/A
LCNB
LCNB CORP
$195.32M$14.77N/AN/AN/AN/A28.15%N/AN/AN/A
FCBC
FIRST COMMUNITY BANKSHARES INC
$589.58M$31.92N/AN/AN/AN/A1.10%N/AN/AN/A
FBMS
FIRST BANCSHARES INC
$740.41M$23.71$31.0030.75%Buy21.30%N/AN/AN/A
FMNB
FARMERS NATIONAL BANC CORP
$449.80M$11.98$15.3327.99%Hold30.39%N/AN/AN/A
HFBL
HOME FEDERAL BANCORP INC OF LOUISIANA
$38.02M$12.10N/AN/AN/AN/AN/AN/AN/AN/A
HAFC
HANMI FINANCIAL CORP
$441.90M$14.60$19.2531.85%Hold2-3.96%N/AN/AN/A
LYG
LLOYDS BANKING GROUP PLC
$39.89B$2.51N/AN/AN/AN/A-38.38%3.82%N/AN/A
CFBK
CF BANKSHARES INC
$117.57M$18.54N/AN/AN/AN/AN/AN/AN/AN/A
CATC
CAMBRIDGE BANCORP
$475.89M$60.65N/AN/AN/AN/AN/AN/AN/AN/A
MOFG
MIDWESTONE FINANCIAL GROUP INC
$310.60M$19.72$25.5029.31%Hold221.53%N/AN/AN/A
BMA
MACRO BANK INC
$3.09B$48.31N/AN/AN/AN/A23.82%58.99%N/AN/A
FMAO
FARMERS & MERCHANTS BANCORP INC
$276.16M$20.21N/AN/AN/AN/A-0.31%N/AN/AN/A
SMBK
SMARTFINANCIAL INC
$331.61M$19.44$26.2535.03%Strong Buy49.91%N/AN/AN/A
NECB
NORTHEAST COMMUNITY BANCORP INC
$211.55M$15.04N/AN/AN/AN/A-1.73%N/AN/AN/A
CAC
CAMDEN NATIONAL CORP
$418.21M$28.71N/AN/AN/AN/A8.61%N/AN/AN/A
BSRR
SIERRA BANCORP
$264.56M$17.89N/AN/AN/AN/A3.43%N/AN/AN/A
AROW
ARROW FINANCIAL CORP
$362.51M$21.90N/AN/AN/AN/A8.53%N/AN/AN/A
VABK
VIRGINIA NATIONAL BANKSHARES CORP
$131.31M$24.36N/AN/AN/AN/AN/AN/AN/AN/A
SHBI
SHORE BANCSHARES INC
$337.42M$10.16N/AN/AN/AN/A51.56%N/AN/AN/A
AUB
ATLANTIC UNION BANKSHARES CORP
$2.42B$32.18$39.0021.19%Buy127.27%N/AN/AN/A
CCNE
CNB FINANCIAL CORP
$384.96M$18.31$22.0020.15%Hold15.54%N/AN/AN/A
CHCO
CITY HOLDING CO
$1.48B$99.98$102.502.52%Hold2-0.46%N/AN/AN/A
FBNC
FIRST BANCORP
$1.29B$31.26$32.002.37%Strong Buy13.24%N/A12.44%1.41%
CATY
CATHAY GENERAL BANCORP
$2.52B$34.66$37.006.75%Hold3-2.87%N/AN/AN/A
MBCN
MIDDLEFIELD BANC CORP
$178.65M$22.14N/AN/AN/AN/A0.45%N/AN/AN/A
BUSE
FIRST BUSEY CORP
$1.21B$21.86$24.5012.08%Strong Buy44.12%N/AN/AN/A
CVLY
CODORUS VALLEY BANCORP INC
$205.87M$21.35$22.003.04%Strong Buy1N/AN/AN/AN/A
ECBK
ECB BANCORP INC
$116.93M$12.65N/AN/AN/AN/AN/AN/AN/AN/A
FRME
FIRST MERCHANTS CORP
$1.95B$32.92$38.0015.43%Strong Buy2-2.81%N/AN/AN/A
HMNF
HMN FINANCIAL INC
$88.14M$19.75N/AN/AN/AN/AN/AN/AN/AN/A
PKBK
PARKE BANCORP INC
$194.32M$16.25N/AN/AN/AN/AN/AN/AN/AN/A
MNSB
MAINSTREET BANCSHARES INC
$128.37M$16.86N/AN/AN/AN/A-6.78%N/AN/AN/A
TRMK
TRUSTMARK CORP
$1.57B$25.73$29.6715.30%Hold33.87%N/AN/AN/A
WAFD
WAFD INC
$1.75B$27.03$35.0029.49%Buy39.55%N/AN/AN/A
NFBK
NORTHFIELD BANCORP INC
$361.50M$8.13$11.0035.30%Hold1-3.51%N/AN/AN/A
TSBK
TIMBERLAND BANCORP INC
$197.96M$24.37N/AN/AN/AN/AN/AN/AN/AN/A
SSB
SOUTHSTATE CORP
$5.83B$76.52$87.8014.74%Buy56.04%N/AN/AN/A
RMBI
RICHMOND MUTUAL BANCORPORATION INC
$128.61M$11.57N/AN/AN/AN/AN/AN/AN/AN/A
SFBS
SERVISFIRST BANCSHARES INC
$3.22B$59.05$64.008.38%Hold17.57%N/AN/AN/A
BFIN
BANKFINANCIAL CORP
$124.61M$10.00N/AN/AN/AN/A1.19%N/AN/AN/A
EGBN
EAGLE BANCORP INC
$614.14M$20.52$23.0012.09%Hold19.89%N/A13.39%1.46%
SRCE
1ST SOURCE CORP
$1.17B$47.96$53.0010.51%Hold14.04%N/AN/AN/A
DB
DEUTSCHE BANK AKTIENGESELLSCHAFT
$31.47B$15.80N/AN/AN/AN/A1.21%-52.84%N/AN/A
NBTB
NBT BANCORP INC
$1.57B$33.29$41.6024.96%Strong Buy513.67%N/AN/AN/A
UBCP
UNITED BANCORP INC
$74.20M$13.01N/AN/AN/AN/AN/AN/AN/AN/A
HTH
HILLTOP HOLDINGS INC
$1.89B$29.05N/AN/AN/AN/A5.81%N/AN/AN/A
CFB
CROSSFIRST BANKSHARES INC
$595.10M$12.06$17.5045.11%Strong Buy412.68%N/AN/AN/A
OPOF
OLD POINT FINANCIAL CORP
$73.89M$14.66N/AN/AN/AN/AN/AN/AN/AN/A
BCH
BANK OF CHILE
$11.14B$22.05$21.00-4.76%Hold1-0.58%-47.36%N/AN/A
RNST
RENASANT CORP
$1.62B$28.77$32.7513.83%Hold46.29%N/AN/AN/A
BANF
BANCFIRST CORP
$2.70B$82.01$85.504.26%Sell2-1.85%N/AN/AN/A
OBK
ORIGIN BANCORP INC
$875.12M$28.24$34.0020.40%Strong Buy25.37%N/AN/AN/A
CWBC
COMMUNITY WEST BANCSHARES
$217.58M$18.39$24.0030.51%Strong Buy156.99%N/AN/AN/A
PB
PROSPERITY BANCSHARES INC
$5.58B$59.69$69.2015.93%Buy109.11%N/AN/AN/A
HTBI
HOMETRUST BANCSHARES INC
$417.80M$23.95$30.0025.26%Strong Buy34.07%-5.70%N/AN/A
BCML
BAYCOM CORP
$228.35M$19.91N/AN/AN/AN/A-3.15%N/AN/AN/A
FCF
FIRST COMMONWEALTH FINANCIAL CORP
$1.31B$12.79$16.2527.05%Strong Buy23.70%N/AN/AN/A
MBWM
MERCANTILE BANK CORP
$556.51M$34.53$47.0036.11%Buy12.96%N/AN/AN/A
CTBI
COMMUNITY TRUST BANCORP INC
$732.55M$40.65$47.0015.62%Strong Buy13.54%N/AN/AN/A
FUNC
FIRST UNITED CORP
$146.81M$22.10N/AN/AN/AN/A13.34%N/AN/AN/A
EBTC
ENTERPRISE BANCORP INC
$288.55M$23.50N/AN/AN/AN/AN/AN/AN/AN/A
EBMT
EAGLE BANCORP MONTANA INC
$99.33M$12.39N/AN/AN/AN/A9.98%N/AN/AN/A
BSAC
BANCO SANTANDER CHILE
$10.24B$18.11$20.0010.44%Strong Buy126.47%64.63%N/AN/A
CBSH
COMMERCE BANCSHARES INC
$6.90B$53.10$55.504.52%Hold63.06%N/AN/AN/A
PFS
PROVIDENT FINANCIAL SERVICES INC
$1.04B$13.75$16.6721.21%Hold333.79%N/AN/AN/A
PBHC
PATHFINDER BANCORP INC
$73.26M$12.01N/AN/AN/AN/AN/AN/AN/AN/A
BRKL
BROOKLINE BANCORP INC
$805.38M$9.06$12.0032.45%Strong Buy112.87%N/AN/AN/A
FHN
FIRST HORIZON CORP
$7.98B$14.28$16.8217.77%Buy113.83%N/AN/AN/A
SSBK
SOUTHERN STATES BANCSHARES INC
$210.79M$23.76$35.0047.31%Buy1N/AN/AN/AN/A
BVFL
BV FINANCIAL INC
$117.06M$10.29N/AN/AN/AN/AN/AN/AN/AN/A
HOPE
HOPE BANCORP INC
$1.25B$10.42$12.0015.16%Hold1-3.22%N/AN/AN/A
UBSI
UNITED BANKSHARES INC
$4.47B$33.12$41.0023.79%Buy12.43%N/AN/AN/A
UNB
UNION BANKSHARES INC
$122.34M$27.07N/AN/AN/AN/AN/AN/AN/AN/A
BSVN
BANK7 CORP
$252.85M$27.37$32.6719.35%Buy332.36%N/AN/AN/A
SASR
SANDY SPRING BANCORP INC
$896.56M$19.95$24.5022.81%Hold2-4.91%N/A12.03%1.36%
PWOD
PENNS WOODS BANCORP INC
$130.67M$17.39N/AN/AN/AN/AN/AN/AN/AN/A
UMBF
UMB FINANCIAL CORP
$3.91B$80.20$95.0018.45%Buy46.18%N/AN/AN/A
PBBK
PB BANKSHARES INC
$31.82M$12.08N/AN/AN/AN/AN/AN/AN/AN/A
TCBK
TRICO BANCSHARES
$1.07B$32.07$42.0030.96%Strong Buy42.11%N/AN/AN/A
HBT
HBT FINANCIAL INC
$574.96M$18.17$20.5012.82%Sell23.63%-1.92%N/AN/A
LBAI
LAKELAND BANCORP INC
$738.80M$11.36$16.6546.57%Hold1N/AN/AN/AN/A
RVSB
RIVERVIEW BANCORP INC
$89.93M$4.26N/AN/AN/AN/A0.73%N/AN/AN/A
FNB
FNB CORP
$4.58B$12.76$15.6722.78%Strong Buy36.72%N/AN/AN/A
MRBK
MERIDIAN CORP
$94.29M$8.43$13.0054.21%Hold112.01%N/AN/AN/A
MPB
MID PENN BANCORP INC
$328.16M$19.80$26.0031.31%Strong Buy25.18%N/AN/AN/A
HTLF
HEARTLAND FINANCIAL USA INC
$1.43B$33.48$41.0022.46%Strong Buy431.35%N/AN/AN/A
SFNC
SIMMONS FIRST NATIONAL CORP
$2.22B$17.69$20.0013.06%Hold25.24%N/AN/AN/A
HNVR
HANOVER BANCORP INC
$108.80M$15.05$21.0039.53%Strong Buy110.84%N/AN/AN/A
FXNC
FIRST NATIONAL CORP
$93.91M$14.96N/AN/AN/AN/A12.95%N/AN/AN/A

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.