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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
TCBK
TRICO BANCSHARES
$1.22B$36.78$42.0014.19%Strong Buy42.11%N/AN/AN/A
HNVR
HANOVER BANCORP INC
$107.14M$14.82$21.0041.70%Strong Buy110.84%N/AN/AN/A
LBAI
LAKELAND BANCORP INC
$786.93M$12.10$16.6537.60%Hold1N/AN/AN/AN/A
CZFS
CITIZENS FINANCIAL SERVICES INC
$231.58M$49.20N/AN/AN/AN/A26.02%N/AN/AN/A
FNLC
FIRST BANCORP INC
$274.25M$24.64N/AN/AN/AN/AN/AN/AN/AN/A
BPOP
POPULAR INC
$6.36B$88.09$89.711.84%Buy716.62%N/AN/AN/A
CHMG
CHEMUNG FINANCIAL CORP
$201.81M$42.48N/AN/AN/AN/A3.77%N/AN/AN/A
CBU
COMMUNITY BANK SYSTEM INC
$2.56B$48.03$47.67-0.76%Hold314.58%N/AN/AN/A
PFIS
PEOPLES FINANCIAL SERVICES CORP
$304.30M$43.11N/AN/AN/AN/AN/AN/AN/AN/A
WAL
WESTERN ALLIANCE BANCORPORATION
$7.07B$64.19$72.7513.34%Strong Buy817.07%N/AN/AN/A
UVSP
UNIVEST FINANCIAL CORP
$614.79M$20.82$19.50-6.34%Hold22.33%N/AN/AN/A
HWC
HANCOCK WHITNEY CORP
$3.98B$46.04$51.6712.22%Buy65.69%N/AN/AN/A
UBCP
UNITED BANCORP INC
$82.52M$14.47N/AN/AN/AN/AN/AN/AN/AN/A
OBT
ORANGE COUNTY BANCORP INC
$259.92M$46.00$51.0010.87%Strong Buy1N/AN/AN/AN/A
AUB
ATLANTIC UNION BANKSHARES CORP
$2.65B$35.31$39.0010.45%Buy118.53%N/AN/AN/A
IBN
ICICI BANK LTD
$92.21B$26.41N/AN/AN/AN/A-22.96%9.24%N/AN/A
FCCO
FIRST COMMUNITY CORP
$132.97M$17.43$21.0020.48%Buy17.19%N/AN/AN/A
FNCB
FNCB BANCORP INC
$120.16M$6.07N/AN/AN/AN/AN/AN/AN/AN/A
AFBI
AFFINITY BANCSHARES INC
$106.20M$16.55N/AN/AN/AN/AN/AN/AN/AN/A
WASH
WASHINGTON TRUST BANCORP INC
$457.85M$26.88N/AN/AN/AN/A-3.13%N/AN/AN/A
PEBK
PEOPLES BANCORP OF NORTH CAROLINA INC
$151.95M$27.85N/AN/AN/AN/AN/AN/AN/AN/A
BLX
FOREIGN TRADE BANK OF LATIN AMERICA INC
$1.08B$29.62$37.0024.92%Strong Buy123.85%N/AN/AN/A
VBNK
VERSABANK
$275.22M$10.60$10.00-5.66%Buy110.71%N/AN/AN/A
FLIC
FIRST OF LONG ISLAND CORP
$249.11M$11.09N/AN/AN/AN/A-1.74%N/AN/AN/A
BHB
BAR HARBOR BANKSHARES
$402.10M$26.48N/AN/AN/AN/AN/AN/AN/AN/A
CPF
CENTRAL PACIFIC FINANCIAL CORP
$534.14M$19.75$24.0021.52%Strong Buy12.98%N/AN/AN/A
BANR
BANNER CORP
$1.65B$48.00$52.008.33%Buy30.36%N/AN/AN/A
ALRS
ALERUS FINANCIAL CORP
$430.88M$21.83$23.005.36%Hold120.78%N/AN/AN/A
SBSI
SOUTHSIDE BANCSHARES INC
$884.37M$29.23N/AN/AN/AN/A13.07%N/AN/AN/A
AMNB
AMERICAN NATIONAL BANKSHARES INC
$507.72M$47.76N/AN/AN/AN/AN/AN/AN/AN/A
IBCP
INDEPENDENT BANK CORP
$529.95M$25.35N/AN/AN/AN/A6.97%N/AN/AN/A
PFS
PROVIDENT FINANCIAL SERVICES INC
$1.10B$14.57$16.6714.39%Hold34.97%N/AN/AN/A
FULT
FULTON FINANCIAL CORP
$2.57B$15.89$16.503.84%Hold24.62%N/AN/AN/A
GCBC
GREENE COUNTY BANCORP INC
$490.20M$28.79N/AN/AN/AN/AN/AN/AN/AN/A
CZNC
CITIZENS & NORTHERN CORP
$288.80M$18.78N/AN/AN/AN/A6.46%N/AN/AN/A
WTBA
WEST BANCORPORATION INC
$298.21M$17.83N/AN/AN/AN/A-1.55%N/AN/AN/A
GLBZ
GLEN BURNIE BANCORP
$15.82M$5.48N/AN/AN/AN/AN/AN/AN/AN/A
BCML
BAYCOM CORP
$236.38M$20.61N/AN/AN/AN/A-3.15%N/AN/AN/A
COFS
CHOICEONE FINANCIAL SERVICES INC
$206.57M$27.35N/AN/AN/AN/A3.79%N/AN/AN/A
BYFC
BROADWAY FINANCIAL CORP
$51.13M$5.51N/AN/AN/AN/AN/AN/AN/AN/A
THFF
FIRST FINANCIAL CORP
$452.83M$38.33$43.0012.18%Hold111.29%N/AN/AN/A
PROV
PROVIDENT FINANCIAL HOLDINGS INC
$92.68M$13.38N/AN/AN/AN/A-2.88%N/AN/AN/A
CUBI
CUSTOMERS BANCORP INC
$1.67B$53.06$65.2522.97%Strong Buy411.61%N/AN/AN/A
PDLB
PONCE FINANCIAL GROUP INC
$211.74M$8.90N/AN/AN/AN/AN/AN/AN/AN/A
SFBC
SOUND FINANCIAL BANCORP INC
$104.11M$40.69N/AN/AN/AN/AN/AN/AN/AN/A
CSTR
CAPSTAR FINANCIAL HOLDINGS INC
$418.35M$20.10N/AN/AN/AN/AN/AN/AN/AN/A
FMBH
FIRST MID BANCSHARES INC
$780.71M$32.68$38.0016.28%Strong Buy215.58%N/AN/AN/A
VBFC
VILLAGE BANK & TRUST FINANCIAL CORP
$63.45M$42.50N/AN/AN/AN/AN/AN/AN/AN/A
HFWA
HERITAGE FINANCIAL CORP
$676.83M$19.39$22.3315.18%Buy31.19%N/AN/AN/A
NWBI
NORTHWEST BANCSHARES INC
$1.48B$11.65$13.0011.59%Hold13.22%N/AN/AN/A
PRK
PARK NATIONAL CORP
$2.19B$135.85$130.00-4.31%Hold1N/AN/AN/AN/A
WNEB
WESTERN NEW ENGLAND BANCORP INC
$165.53M$7.67$7.50-2.22%Hold1-1.77%N/AN/AN/A
RBB
RBB BANCORP
$335.38M$18.01$17.33-3.76%Hold3-13.05%N/AN/AN/A
FSFG
FIRST SAVINGS FINANCIAL GROUP INC
$115.29M$16.75$21.0025.37%Strong Buy1-9.86%N/AN/AN/A
OVBC
OHIO VALLEY BANC CORP
$117.21M$24.45N/AN/AN/AN/AN/AN/AN/AN/A
FGBI
FIRST GUARANTY BANCSHARES INC
$126.92M$10.15$9.50-6.40%Strong Sell110.93%N/AN/AN/A
BHLB
BERKSHIRE HILLS BANCORP INC
$999.87M$22.92$25.009.08%Hold37.30%N/AN/AN/A
LKFN
LAKELAND FINANCIAL CORP
$1.69B$66.32$74.0011.58%Buy2-0.93%N/AN/AN/A
FFNW
FIRST FINANCIAL NORTHWEST INC
$188.63M$20.56$23.0011.87%Buy3-6.66%N/AN/AN/A
ISTR
INVESTAR HOLDING CORP
$160.03M$16.36$13.50-17.48%Strong Buy1-4.31%N/AN/AN/A
NWFL
NORWOOD FINANCIAL CORP
$220.68M$27.21N/AN/AN/AN/AN/AN/AN/AN/A
FFIC
FLUSHING FINANCIAL CORP
$366.54M$12.61$16.2528.87%Buy21.79%N/A12.15%0.95%
IROQ
IF BANCORP INC
$55.79M$16.63N/AN/AN/AN/AN/AN/AN/AN/A
GNTY
GUARANTY BANCSHARES INC
$350.19M$30.36$36.0018.58%Strong Buy1-1.17%N/AN/AN/A
SBFG
SB FINANCIAL GROUP INC
$93.53M$13.78N/AN/AN/AN/A-1.29%N/AN/AN/A
AUBN
AUBURN NATIONAL BANCORPORATION INC
$67.34M$19.28N/AN/AN/AN/AN/AN/AN/AN/A
CVBF
CVB FINANCIAL CORP
$2.49B$17.84$20.5014.91%Hold2-1.49%N/AN/AN/A
HWBK
HAWTHORN BANCSHARES INC
$143.43M$20.43N/AN/AN/AN/AN/AN/AN/AN/A
BOKF
BOK FINANCIAL CORP
$5.99B$92.00$90.14-2.02%Hold70.30%N/AN/AN/A
BPRN
PRINCETON BANCORP INC
$195.06M$30.78N/AN/AN/AN/A-4.45%N/AN/AN/A
INBK
FIRST INTERNET BANCORP
$300.70M$34.74$23.67-31.87%Hold346.84%N/AN/AN/A
WSBF
WATERSTONE FINANCIAL INC
$244.04M$12.17N/AN/AN/AN/AN/AN/AN/AN/A
MCBS
METROCITY BANKSHARES INC
$629.13M$24.96N/AN/AN/AN/AN/AN/AN/AN/A
BOH
BANK OF HAWAII CORP
$2.48B$62.39$58.33-6.50%Sell31.35%N/AN/AN/A
GSBC
GREAT SOUTHERN BANCORP INC
$643.17M$54.82$57.504.89%Hold2-3.87%N/AN/AN/A
GBCI
GLACIER BANCORP INC
$4.57B$40.28$45.5012.96%Buy27.33%N/AN/AN/A
FDBC
FIDELITY D & D BANCORP INC
$277.70M$48.43N/AN/AN/AN/AN/AN/AN/AN/A
KRNY
KEARNY FINANCIAL CORP
$414.97M$6.44N/AN/AN/AN/AN/AN/AN/AN/A
FNWB
FIRST NORTHWEST BANCORP
$147.79M$15.65$13.00-16.93%Hold110.71%N/AN/AN/A
ECBK
ECB BANCORP INC
$121.87M$12.98N/AN/AN/AN/AN/AN/AN/AN/A
PNC
PNC FINANCIAL SERVICES GROUP INC
$64.29B$161.60$156.40-3.22%Hold111.78%-7.02%N/AN/A
TCBI
TEXAS CAPITAL BANCSHARES INC
$2.92B$61.55$65.636.62%Hold87.88%-17.60%N/AN/A
FSBC
FIVE STAR BANCORP
$390.45M$22.50$25.0011.11%Strong Buy1N/AN/AN/AN/A
WF
WOORI FINANCIAL GROUP INC
$7.86B$32.43N/AN/AN/AN/AN/AN/AN/AN/A
NIC
NICOLET BANKSHARES INC
$1.28B$85.99$86.330.40%Hold321.32%N/AN/AN/A
PGC
PEAPACK GLADSTONE FINANCIAL CORP
$431.91M$24.33N/AN/AN/AN/A4.68%N/A9.43%0.85%
BAP
CREDICORP LTD
$15.99B$169.43$176.804.35%Strong Buy421.20%8.78%N/AN/A
FVCB
FVCBANKCORP INC
$217.74M$12.18N/AN/AN/AN/A48.70%N/AN/AN/A
CFFN
CAPITOL FEDERAL FINANCIAL INC
$797.05M$5.96$5.00-16.11%Hold1N/AN/AN/AN/A
RMBI
RICHMOND MUTUAL BANCORPORATION INC
$125.04M$11.12N/AN/AN/AN/AN/AN/AN/AN/A
CWBC
COMMUNITY WEST BANCSHARES
$137.00M$15.48N/AN/AN/AN/AN/AN/AN/AN/A
SHG
SHINHAN FINANCIAL GROUP CO LTD
$18.06B$35.49N/AN/AN/AN/AN/AN/AN/AN/A
NKSH
NATIONAL BANKSHARES INC
$196.91M$33.41N/AN/AN/AN/A-0.88%N/AN/AN/A
EQBK
EQUITY BANCSHARES INC
$530.60M$34.37$30.00-12.71%Hold158.99%N/AN/AN/A
MYFW
FIRST WESTERN FINANCIAL INC
$140.28M$14.58$22.0050.89%Buy218.26%N/AN/AN/A
TMP
TOMPKINS FINANCIAL CORP
$724.48M$50.29$52.003.40%Hold1N/AN/AN/AN/A
TFSL
TFS FINANCIAL CORP
$3.53B$12.56$14.0011.46%Hold1-5.20%N/AN/AN/A
AMTB
AMERANT BANCORP INC
$782.47M$23.29$26.2512.71%Hold410.34%N/AN/AN/A
BSBK
BOGOTA FINANCIAL CORP
$93.78M$7.08N/AN/AN/AN/AN/AN/AN/AN/A
PVBC
PROVIDENT BANCORP INC
$160.70M$9.10N/AN/AN/AN/AN/AN/AN/AN/A

Bank Stocks FAQ

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

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

1. Cb Financial Services (NASDAQ:CBFV)


Cb Financial Services (NASDAQ:CBFV) is the top bank stock with a Zen Score of 61, which is 27 points higher than the bank industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cb Financial Services has seen its stock lose -0.18% over the past year, underperforming other bank stocks by -15 percentage points.

Cb Financial Services has an average 1 year price target of $24.50, an upside of 13.32% from Cb Financial Services's current stock price of $21.62.

Cb Financial Services stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 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.

2. Webster Financial (NYSE:WBS)


Webster Financial (NYSE:WBS) is the second best bank stock with a Zen Score of 59, which is 25 points higher than the bank industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Webster Financial has seen its stock return 29.28% over the past year, overperforming other bank stocks by 14 percentage points.

Webster Financial has an average 1 year price target of $60.10, an upside of 18.38% from Webster Financial's current stock price of $50.77.

Webster Financial stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Webster Financial, 60% have issued a Strong Buy rating, 30% have issued a Buy, 10% 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 24 points higher than the bank industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Orrstown Financial Services has seen its stock return 33.78% over the past year, overperforming other bank stocks by 19 percentage points.

Orrstown Financial Services has an average 1 year price target of $32.00, an upside of 19.54% from Orrstown Financial Services's current stock price of $26.77.

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 277 bank stocks that have issued dividends in the past year, the 3 bank stocks with the highest dividend yields are:

1. New York Community Bancorp (NYSE:NYCB)


New York Community Bancorp (NYSE:NYCB) has an annual dividend yield of 17.39%, which is 14 percentage points higher than the bank industry average of 3.68%. 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.

2. Bancolombia Sa (NYSE:CIB)


Bancolombia Sa (NYSE:CIB) has an annual dividend yield of 12.49%, which is 9 percentage points higher than the bank industry average of 3.68%. 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.

3. Washington Trust Bancorp (NASDAQ:WASH)


Washington Trust Bancorp (NASDAQ:WASH) has an annual dividend yield of 10.42%, which is 7 percentage points higher than the bank industry average of 3.68%. Washington Trust Bancorp's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Washington Trust Bancorp's dividend has shown consistent growth over the last 10 years.

Washington Trust Bancorp's dividend payout ratio of 79.4% indicates that its high dividend yield is sustainable for the long-term.

Why are bank stocks up?

Bank stocks were up 0.73% in the last day, and up 1.15% 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 52 points higher than the bank industry average of 48. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 30.42% in the past year. It has overperformed other stocks in the bank industry by 15 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 52 points higher than the bank industry average of 48. It passed 7 out of 7 valuation due diligence checks.

Hanover Bancorp's stock has dropped -19.24% in the past year. It has underperformed other stocks in the bank industry by -34 percentage points.

3. Midland States Bancorp (NASDAQ:MSBI)


Midland States Bancorp (NASDAQ:MSBI) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Midland States Bancorp has a valuation score of 100, which is 52 points higher than the bank industry average of 48. It passed 7 out of 7 valuation due diligence checks.

Midland States Bancorp's stock has gained 14.8% in the past year. It has performed in line with other stocks in the bank industry.

Are bank stocks a good buy now?

34.83% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 8.43% 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 -10.33x.
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.