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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
WBS
WEBSTER FINANCIAL CORP
$7.84B$2.50B$1.19B$851.19M$4.9113.96%16.87%31.99%5.09%
SMBC
SOUTHERN MISSOURI BANCORP INC
$465.02M$153.93M$63.96M$43.31M$3.9024.11%14.66%-17.72%6.78%
CBFV
CB FINANCIAL SERVICES INC
$115.21M$69.07M$33.02M$22.55M$4.4141.04%9.69%101.37%25.44%2024-05-15
HDB
HDFC BANK LTD
$105.46B$13.75B$8.33B$6.02B$3.2517.50%12.00%18.30%15.30%
SBCF
SEACOAST BANKING CORP OF FLORIDA
$2.06B$529.87M$142.31M$104.03M$1.2430.49%16.23%-25.75%-2.40%2024-05-21
ORRF
ORRSTOWN FINANCIAL SERVICES INC
$285.08M$128.88M$49.37M$35.66M$3.455.27%12.23%65.07%17.66%
FUSB
FIRST US BANCSHARES INC
$60.30M$40.41M$13.05M$8.49M$1.428.97%2.47%25.66%28.84%
WABC
WESTAMERICA BANCORPORATION
$1.32B$324.80M$233.35M$161.77M$6.0622.59%10.41%33.48%17.64%
BLX
FOREIGN TRADE BANK OF LATIN AMERICA INC
$1.12B$266.12M$169.25M$166.16M$4.5559.67%15.84%79.13%74.65%
CASH
PATHWARD FINANCIAL INC
$1.36B$689.47M$255.49M$173.93M$6.6917.85%14.09%47.03%32.63%
MTB
M&T BANK CORP
$24.75B$8.77B$3.77B$2.47B$14.873.06%8.13%13.77%1.37%2024-05-08
SPFI
SOUTH PLAINS FINANCIAL INC
$446.77M$216.31M$88.14M$64.38M$3.845.26%8.56%24.68%14.87%2024-05-13
RF
REGIONS FINANCIAL CORP
$18.00B$6.80B$2.40B$1.73B$1.84-4.53%4.50%-22.03%3.36%
IFS
INTERCORP FINANCIAL SERVICES INC
$2.53B$1.15B$463.10M$287.59M$2.50-13.23%-0.90%-33.89%-2.74%2024-05-14
FCNCA
FIRST CITIZENS BANCSHARES INC
$24.87B$17.41B$12.02B$11.41B$785.14292.43%61.59%1,063.69%87.89%
PFC
PREMIER FINANCIAL CORP
$743.12M$299.87M$149.25M$110.94M$3.106.33%15.23%17.42%6.62%
OVLY
OAK VALLEY BANCORP
$194.23M$81.46M$41.40M$30.85M$3.7621.59%13.78%34.29%21.33%
CCBG
CAPITAL CITY BANK GROUP INC
$464.58M$220.88M$73.38M$52.26M$3.0814.62%9.37%56.35%14.87%
HBAN
HUNTINGTON BANCSHARES INC
$20.07B$6.77B$2.97B$1.63B$1.12-5.74%9.34%-28.21%-2.17%
ASB
ASSOCIATED BANC-CORP
$3.34B$1.00B$224.45M$149.27M$0.99-20.51%-4.13%-61.18%-13.29%
TBBK
BANCORP INC
$1.71B$447.82M$260.25M$192.30M$3.5228.90%10.56%53.04%17.52%2024-05-29
VLY
VALLEY NATIONAL BANCORP
$3.88B$1.84B$721.77M$482.38M$0.951.96%13.94%-16.67%4.84%2024-05-21
OPBK
OP BANCORP
$151.66M$81.22M$34.83M$23.92M$1.55-11.29%10.63%-27.91%11.00%2024-06-21
CFG
CITIZENS FINANCIAL GROUP INC
$16.19B$7.37B$2.13B$1.31B$2.79-6.36%4.46%-33.25%-5.44%2024-05-08
SNV
SYNOVUS FINANCIAL CORP
$5.62B$1.93B$690.53M$428.71M$2.93-12.79%5.19%-43.65%-2.82%
USB
US BANCORP
$64.88B$25.16B$7.35B$4.67B$3.017.21%3.47%-19.73%-6.40%
MCB
METROPOLITAN BANK HOLDING CORP
$472.79M$239.78M$96.20M$68.40M$6.15-7.72%23.08%3.36%12.65%2024-05-29
OSBC
OLD SECOND BANCORP INC
$636.18M$269.61M$131.35M$91.73M$2.0511.08%17.37%35.76%12.45%2024-05-21
CIVB
CIVISTA BANCSHARES INC
$216.64M$158.22M$62.95M$42.96M$2.7315.05%13.65%5.00%19.94%
MVBF
MVB FINANCIAL CORP
$240.19M$149.68M$37.99M$24.37M$1.9118.28%10.55%1.06%12.71%2024-05-21
INTR
INTER & CO INC
$2.17B$933.71M$172.29M$59.40M$0.1544.90%N/AN/AN/A2024-05-09
KEY
KEYCORP
$14.08B$5.75B$1.17B$731.00M$0.79-14.28%-1.33%-55.62%-14.41%2024-05-29
CFB
CROSSFIRST BANKSHARES INC
$643.27M$233.32M$96.56M$68.78M$1.3811.72%N/A12.20%N/A2024-05-14
TCBX
THIRD COAST BANCSHARES INC
$292.58M$146.74M$42.10M$29.79M$2.1920.15%N/A27.33%N/A2024-05-30
CFR
CULLEN/FROST BANKERS INC
$6.82B$1.93B$741.30M$549.34M$8.465.12%8.16%-15.82%3.45%
LOB
LIVE OAK BANCSHARES INC
$1.58B$405.72M$104.10M$73.90M$1.67-22.65%15.34%-58.46%5.46%2024-05-21
CBAN
COLONY BANKCORP INC
$197.53M$110.28M$35.92M$21.75M$1.24-1.82%17.04%8.77%-2.54%2024-05-16
CMA
COMERICA INC
$7.05B$3.31B$991.00M$668.00M$5.06-11.01%-0.55%-47.18%-8.36%
QCRH
QCR HOLDINGS INC
$974.83M$337.15M$138.28M$113.56M$6.7911.06%14.51%14.31%18.39%2024-05-16
INDB
INDEPENDENT BANK CORP
$2.15B$707.88M$351.24M$239.50M$5.42-1.88%13.14%-4.75%4.21%2024-05-16
UBFO
UNITED SECURITY BANCSHARES
$125.27M$53.43M$29.58M$19.80M$1.1615.91%5.81%26.09%6.92%2024-05-15
ITUB
ITAU UNIBANCO HOLDING SA
$64.00B$24.46B$10.72B$6.50B$0.6618.09%1.08%23.27%1.01%
ABCB
AMERIS BANCORP
$3.42B$935.22M$405.65M$269.11M$3.90-7.75%16.01%-22.16%6.78%2024-06-06
AX
AXOS FINANCIAL INC
$3.37B$1.10B$633.97M$432.49M$7.4731.05%19.85%60.99%25.18%
IBOC
INTERNATIONAL BANCSHARES CORP
$3.72B$794.78M$539.92M$407.46M$6.5610.69%6.74%17.35%15.08%2024-05-20
BKU
BANKUNITED INC
$2.12B$874.86M$304.30M$173.77M$2.32-5.42%-4.48%-33.33%-4.23%2024-05-15
BY
BYLINE BANCORP INC
$1.02B$368.62M$158.86M$114.37M$2.7420.21%10.11%13.22%16.08%2024-06-04
BCAL
SOUTHERN CALIFORNIA BANCORP
$257.12M$96.60M$38.78M$25.91M$1.4212.98%N/A57.78%N/A
CZWI
CITIZENS COMMUNITY BANCORP INC
$117.85M$59.07M$22.06M$13.06M$1.25-9.57%38.44%-26.04%59.79%2024-06-18
EFSC
ENTERPRISE FINANCIAL SERVICES CORP
$1.48B$586.60M$235.37M$174.97M$4.674.37%20.61%-16.01%5.17%
HTBK
HERITAGE COMMERCE CORP
$507.71M$191.47M$93.94M$64.44M$1.061.19%9.05%-3.64%4.51%2024-05-23
FFBC
FIRST FINANCIAL BANCORP
$2.22B$797.09M$356.40M$255.86M$2.7214.35%8.19%16.74%6.88%2024-05-28
NBHC
NATIONAL BANK HOLDINGS CORP
$1.32B$410.64M$188.89M$133.16M$3.5020.76%9.22%31.58%8.48%
FRAF
FRANKLIN FINANCIAL SERVICES CORP
$123.27M$65.76M$17.77M$13.60M$3.11-0.64%8.70%-7.99%17.31%
FCAP
FIRST CAPITAL INC
$94.01M$41.08M$16.07M$12.79M$3.824.47%4.94%7.61%6.56%2024-05-22
CFBK
CF BANKSHARES INC
$116.49M$49.35M$20.53M$16.94M$2.64-3.63%19.09%-7.04%20.95%2024-05-29
CCB
COASTAL FINANCIAL CORP
$552.03M$261.91M$59.46M$44.58M$3.3620.48%46.77%7.01%29.29%2024-05-22
PBFS
PIONEER BANCORP INC
$235.36M$78.37M$24.34M$17.14M$0.6913.23%6.23%21.05%N/A
MSBI
MIDLAND STATES BANCORP INC
$505.13M$281.48M$118.74M$66.55M$2.97-7.86%3.03%-29.95%11.94%
ACNB
ACNB CORP
$273.70M$105.92M$43.21M$31.69M$3.720.65%8.20%-10.36%3.78%
BOTJ
BANK OF THE JAMES FINANCIAL GROUP INC
$45.89M$42.79M$12.25M$8.70M$1.91-2.42%9.09%0.00%11.67%
FSBW
FS BANCORP INC
$247.21M$139.02M$57.92M$36.05M$4.6319.67%12.42%23.47%7.07%2024-05-23
ESQ
ESQUIRE FINANCIAL HOLDINGS INC
$413.01M$109.00M$56.59M$41.01M$5.3134.93%26.08%42.36%35.10%2024-05-30
BFST
BUSINESS FIRST BANCSHARES INC
$542.33M$249.10M$93.20M$64.19M$2.567.76%27.94%4.07%12.99%2024-05-23
LARK
LANDMARK BANCORP INC
$102.92M$56.17M$15.46M$12.24M$2.236.83%6.01%23.89%3.53%2024-05-22
OFG
OFG BANCORP
$1.78B$628.61M$285.64M$181.87M$3.856.61%13.09%11.27%19.35%2024-05-08
DCOM
DIME COMMUNITY BANCSHARES INC
$761.86M$328.39M$116.23M$69.20M$1.78-20.51%17.34%-53.52%-2.40%2024-05-23
HOMB
HOME BANCSHARES INC
$4.95B$979.08M$539.92M$390.08M$1.942.42%8.13%14.12%2.32%
ESSA
ESSA BANCORP INC
$170.72M$68.56M$24.54M$18.05M$1.85-1.80%5.50%-11.06%12.65%
STEL
STELLAR BANCORP INC
$1.22B$437.04M$181.66M$119.50M$2.2436.20%24.72%45.45%2.92%2024-06-04
IBTX
INDEPENDENT BANK GROUP INC
$1.69B$482.38M$150.69M$104.86M$2.53-19.64%3.17%-3.07%-9.42%2024-06-11
PEBO
PEOPLES BANCORP INC
$1.06B$427.85M$153.04M$116.39M$3.3724.12%17.85%-9.65%5.99%
FINW
FINWISE BANCORP
$138.19M$64.00M$28.37M$17.46M$1.38-14.42%N/A-29.59%N/A
CIB
BANCOLOMBIA SA
$8.18B$5.48B$2.37B$1.59B$6.6727.97%9.76%13.00%13.76%2024-05-08
RVSB
RIVERVIEW BANCORP INC
$86.56M$53.32M$15.32M$9.75M$0.47-17.39%-1.29%-45.98%-7.92%
WTFC
WINTRUST FINANCIAL CORP
$6.19B$2.16B$929.85M$594.66M$9.7214.90%10.90%19.41%10.31%2024-05-23
PNFP
PINNACLE FINANCIAL PARTNERS INC
$6.41B$1.60B$792.70M$546.96M$7.208.41%12.15%0.00%9.09%
RBCAA
REPUBLIC BANCORP INC
$1.04B$312.61M$128.22M$90.37M$4.642.78%3.91%0.87%4.30%
AVAL
GRUPO AVAL ACCIONES Y VALORES SA
$2.85B$3.03B$819.85M$189.30M$0.168.27%-9.90%-63.57%-27.52%2024-05-15
EGBN
EAGLE BANCORP INC
$596.55M$251.76M$102.43M$75.96M$2.52-25.02%-5.60%-32.80%-10.51%2024-05-16
PPBI
PACIFIC PREMIER BANCORP INC
$2.22B$421.26M$38.38M$15.32M$0.14-46.03%-1.15%-95.24%-43.02%2024-05-13
BBD
BANK BRADESCO
$28.95B$14.40B$3.24B$2.80B$0.250.63%-2.10%-26.89%-9.03%2024-05-10
IBCP
INDEPENDENT BANK CORP
$528.83M$205.98M$87.73M$62.07M$2.973.28%5.08%7.22%12.20%
BWFG
BANKWELL FINANCIAL GROUP INC
$189.15M$98.44M$51.67M$36.66M$4.716.60%11.63%-2.69%16.13%2024-05-30
CBNK
CAPITAL BANCORP INC
$279.74M$156.99M$46.70M$35.87M$2.56-3.89%16.91%-14.09%19.51%2024-05-16
UCBI
UNITED COMMUNITY BANKS INC
$3.13B$803.82M$270.81M$180.85M$1.54-2.70%9.01%-38.89%-5.74%2024-05-15
BFC
BANK FIRST CORP
$832.04M$186.91M$107.19M$74.51M$7.2853.73%21.13%30.47%13.83%2024-06-17
UNTY
UNITY BANCORP INC
$274.82M$99.97M$55.38M$39.71M$3.896.49%10.48%6.28%13.78%
SFNC
SIMMONS FIRST NATIONAL CORP
$2.24B$749.09M$236.78M$168.34M$1.35-13.40%2.68%-27.42%-10.11%
CAC
CAMDEN NATIONAL CORP
$463.08M$161.20M$59.52M$43.38M$2.98-12.34%0.44%-28.71%-2.60%2024-05-21
VBTX
VERITEX HOLDINGS INC
$1.11B$365.22M$146.10M$94.01M$1.73-10.40%17.27%-38.21%5.24%2024-05-17
RMBI
RICHMOND MUTUAL BANCORPORATION INC
$126.17M$41.74M$12.19M$9.49M$0.91-9.07%6.79%-24.17%N/A2024-05-15
OPHC
OPTIMUMBANK HOLDINGS INC
$33.20M$23.12M$9.02M$6.28M$0.8750.80%36.47%27.94%10.42%2024-05-08
FHB
FIRST HAWAIIAN INC
$2.80B$802.34M$332.43M$222.39M$1.74-1.93%1.99%-18.69%-2.45%
ONB
OLD NATIONAL BANCORP
$5.51B$1.75B$778.21M$539.54M$1.86-4.80%18.57%-8.82%8.62%2024-05-15
FFIN
FIRST FINANCIAL BANKSHARES INC
$4.44B$488.49M$256.64M$199.81M$1.40-4.52%5.53%-13.58%4.19%
BANF
BANCFIRST CORP
$3.02B$594.73M$281.92M$205.27M$6.231.53%9.02%-4.74%9.71%2024-05-23
MBIN
MERCHANTS BANCORP
$2.04B$522.51M$350.76M$244.56M$5.6622.31%31.10%26.06%32.48%
FBP
FIRST BANCORP
$3.01B$868.86M$425.67M$302.86M$1.72-2.45%9.63%7.50%13.33%2024-05-23
FITB
FIFTH THIRD BANCORP
$26.01B$8.15B$3.40B$2.16B$3.151.44%3.30%-8.96%-0.68%

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 37.68% over the past year, overperforming other bank stocks by 11 percentage points.

Webster Financial has an average 1 year price target of $59.00, an upside of 29.27% from Webster Financial's current stock price of $45.64.

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. Southern Missouri Bancorp (NASDAQ:SMBC)


Southern Missouri Bancorp (NASDAQ:SMBC) 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. Southern Missouri Bancorp has seen its stock return 29.06% over the past year, overperforming other bank stocks by 2 percentage points.

Southern Missouri Bancorp has an average 1 year price target of $51.00, an upside of 24.54% from Southern Missouri Bancorp's current stock price of $40.95.

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.

3. Cb Financial Services (NASDAQ:CBFV)


Cb Financial Services (NASDAQ:CBFV) is the third 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 21.02% over the past year, underperforming other bank stocks by -6 percentage points.

Cb Financial Services has an average 1 year price target of $24.33, an upside of 8.63% from Cb Financial Services's current stock price of $22.40.

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.

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 3.74%.

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 10.63%, which is 7 percentage points higher than the bank industry average of 3.74%. 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 10.4%, which is 7 percentage points higher than the bank industry average of 3.74%. 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 down?

Bank stocks were down -0.57% in the last day, and up 3.82% over the last week.

We couldn't find a catalyst for why bank stocks are down.

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 53 points higher than the bank industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Southern Missouri Bancorp's stock has gained 29.06% in the past year. It has overperformed other stocks in the bank industry by 2 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 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 46.66% in the past year. It has overperformed other stocks in the bank industry by 20 percentage points.

3. Richmond Mutual Bancorporation (NASDAQ:RMBI)


Richmond Mutual Bancorporation (NASDAQ:RMBI) is the third 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 21.52% in the past year. It has underperformed other stocks in the bank industry by -5 percentage points.

Are bank stocks a good buy now?

39.42% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 12.08% 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 -9.43x.
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.