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Best Bank Stocks to Buy Now (2023)
Top bank stocks in 2023 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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
HTBK
HERITAGE COMMERCE CORP
$516.83M6.15%42.60%$0.1300$0.5282%0
SBCF
SEACOAST BANKING CORP OF FLORIDA
$1.88B3.16%52.30%$0.1800$0.7054%02023-09-29
SASR
SANDY SPRING BANCORP INC
$964.99M6.32%42.50%$0.3400$1.3684%0
EFSC
ENTERPRISE FINANCIAL SERVICES CORP
$1.41B2.62%17.10%$0.2500$0.9946%02023-09-29
SMBK
SMARTFINANCIAL INC
$382.93M1.69%11.20%$0.0800$0.3830%0
BCBP
BCB BANCORP INC
$191.39M5.61%26.10%$0.1600$0.6479%0
PFC
PREMIER FINANCIAL CORP
$608.49M8.98%36.60%$0.3100$1.5391%0
FBNC
FIRST BANCORP
$1.13B3.21%27.20%$0.2200$0.8854%02023-09-292023-10-25
UBFO
UNITED SECURITY BANCSHARES
$122.57M6.28%37.80%$0.1200$0.4583%0
FFIC
FLUSHING FINANCIAL CORP
$373.35M6.83%56.10%$0.2200$0.8886%02023-09-29
MVBF
MVB FINANCIAL CORP
$276.27M3.13%29.70%$0.1700$0.6854%1
OSBC
OLD SECOND BANCORP INC
$605.35M1.48%9.70%$0.0500$0.2026%0
STBA
S&T BANCORP INC
$1.02B4.74%24.40%$0.3200$1.2772%0
WABC
WESTAMERICA BANCORPORATION
$1.13B4.00%29.50%$0.4400$1.7065%0
ACNB
ACNB CORP
$286.99M3.34%24.00%$0.2800$1.1256%0
EGBN
EAGLE BANCORP INC
$657.63M8.19%42.90%$0.4500$1.8089%0
FXNC
FIRST NATIONAL CORP
$100.68M3.66%21.90%$0.1500$0.5960%0
SPFI
SOUTH PLAINS FINANCIAL INC
$444.32M1.94%13.00%$0.1300$0.5135%0
WBS
WEBSTER FINANCIAL CORP
$7.03B3.94%30.40%$0.4000$1.6064%0
CFG
CITIZENS FINANCIAL GROUP INC
$13.00B6.10%37.90%$0.4200$1.6882%0
ONB
OLD NATIONAL BANCORP
$4.33B3.79%25.70%$0.1400$0.5662%0
BPOP
POPULAR INC
$4.54B3.50%16.20%$0.5500$2.2058%02023-10-02
PLBC
PLUMAS BANCORP
$206.13M2.59%18.10%$0.2500$0.9145%1
FUSB
FIRST US BANCSHARES INC
$50.23M2.34%13.10%$0.0500$0.2042%02023-10-02
DCOM
DIME COMMUNITY BANCSHARES INC
$760.62M5.00%27.60%$0.2500$0.9875%0
FRME
FIRST MERCHANTS CORP
$1.66B4.74%29.70%$0.3400$1.3273%0
FHN
FIRST HORIZON CORP
$6.27B5.34%30.00%$0.1500$0.6077%02023-10-02
CMA
COMERICA INC
$5.52B6.71%28.80%$0.7100$2.8185%02023-10-01
OVLY
OAK VALLEY BANCORP
$212.92M1.24%7.70%$0.1600$0.3221%1
ESSA
ESSA BANCORP INC
$160.28M3.89%29.60%$0.1500$0.6063%02023-09-29
IBOC
INTERNATIONAL BANCSHARES CORP
$2.66B2.94%19.60%$0.6300$1.2651%0
SYBT
STOCK YARDS BANCORP INC
$1.23B2.79%29.40%$0.3000$1.1748%02023-10-02
MSBI
MIDLAND STATES BANCORP INC
$452.49M7.13%29.00%$0.3000$1.4887%0
MTB
M&T BANK CORP
$21.01B4.03%29.30%$1.3000$5.1065%02023-09-29
MNSB
MAINSTREET BANCSHARES INC
$167.50M1.80%10.60%$0.1000$0.4032%0
CCBG
CAPITAL CITY BANK GROUP INC
$496.16M2.50%22.60%$0.2000$0.7344%02023-09-25
OCFC
OCEANFIRST FINANCIAL CORP
$881.22M5.39%32.80%$0.2000$0.8078%0
VLY
VALLEY NATIONAL BANCORP
$4.43B5.04%35.50%$0.1100$0.4475%12023-10-02
INDB
INDEPENDENT BANK CORP
$2.18B4.37%35.80%$0.5500$2.1668%0
WSFS
WSFS FINANCIAL CORP
$2.22B1.65%12.90%$0.1500$0.6029%0
MCBC
MACATAWA BANK CORP
$312.74M3.51%24.80%$0.0800$0.3259%0
OPBK
OP BANCORP
$141.16M5.14%30.80%$0.1200$0.4876%0
USB
US BANCORP
$52.75B5.58%53.30%$0.4800$1.9279%02023-09-282023-10-16
FCNCA
FIRST CITIZENS BANCSHARES INC
$20.00B0.22%0.40%$0.7500$3.002%0
BFST
BUSINESS FIRST BANCSHARES INC
$466.08M2.61%18.60%$0.1200$0.4846%0
TCBK
TRICO BANCSHARES
$1.06B3.76%29.70%$0.3000$1.2061%02023-09-22
FFBC
FIRST FINANCIAL BANCORP
$1.86B4.69%33.00%$0.2300$0.9272%0
HDB
HDFC BANK LTD
$109.92B2.36%21.50%$0.6968$1.3942%1
CCNE
CNB FINANCIAL CORP
$377.08M3.90%24.10%$0.1750$0.7063%0
CATY
CATHAY GENERAL BANCORP
$2.59B3.81%25.80%$0.3400$1.3662%0
TBBK
BANCORP INC
$1.88BN/A0.00%N/AN/AN/AN/A
MPB
MID PENN BANCORP INC
$339.42M3.91%27.00%$0.2000$0.8064%7
CNOB
CONNECTONE BANCORP INC
$694.27M4.51%24.40%$0.1700$0.8170%0
PKBK
PARKE BANCORP INC
$198.67M3.25%21.40%$0.1800$0.5455%0
ISTR
INVESTAR HOLDING CORP
$116.11M3.26%14.30%$0.1000$0.3955%0
ITCL
BANCO ITAU CHILE
$3.28B14.64%43,522.90%$0.2478$0.4998%1
FULT
FULTON FINANCIAL CORP
$2.04B5.38%38.50%$0.1600$0.6777%92023-09-292023-10-13
FCAP
FIRST CAPITAL INC
$92.68M3.87%26.80%$0.2700$1.0763%02023-09-29
ABCB
AMERIS BANCORP
$2.64B1.57%13.90%$0.1500$0.6028%02023-09-282023-10-09
CZWI
CITIZENS COMMUNITY BANCORP INC
$103.65M2.93%19.50%$0.2900$0.2950%0
BBD
BANK BRADESCO
$32.46B6.41%51.70%$0.0039$0.2084%332023-10-032023-10-10
EBTC
ENTERPRISE BANCORP INC
$334.47M3.28%23.60%$0.2300$0.9055%0
SMBC
SOUTHERN MISSOURI BANCORP INC
$447.56M2.13%21.80%$0.2100$0.8438%0
TRST
TRUSTCO BANK CORP N Y
$514.61M5.32%36.70%$0.3600$1.4477%02023-10-02
BFIN
BANKFINANCIAL CORP
$110.63M5.69%44.40%$0.1000$0.5079%0
VBTX
VERITEX HOLDINGS INC
$974.79M5.57%34.80%$0.2000$1.0078%0
PEBO
PEOPLES BANCORP INC
$905.13M6.02%44.00%$0.3900$1.5481%0
FBK
FB FINANCIAL CORP
$1.32B2.06%18.50%$0.1500$0.5837%0
FUNC
FIRST UNITED CORP
$109.13M4.49%21.40%$0.2000$0.7370%0
THFF
FIRST FINANCIAL CORP
$408.01M3.76%23.10%$0.5400$1.2861%3
WAFD
WASHINGTON FEDERAL INC
$1.68B3.81%24.10%$0.2500$0.9962%2
PBHC
PATHFINDER BANCORP INC
$81.65M2.68%19.50%$0.0900$0.3647%0
BWFG
BANKWELL FINANCIAL GROUP INC
$195.79M4.00%17.40%$0.2000$1.0065%0
CBFV
CB FINANCIAL SERVICES INC
$109.22M4.64%33.40%$0.2500$0.9971%0
PPBI
PACIFIC PREMIER BANCORP INC
$2.12B5.97%47.10%$0.3300$1.3281%0
ITUB
ITAU UNIBANCO HOLDING SA
$55.10B4.23%39.90%$0.0036$0.2467%382023-10-022023-10-12
PEBK
PEOPLES BANCORP OF NORTH CAROLINA INC
$123.72M4.07%28.00%$0.1900$0.9066%3
CASH
PATHWARD FINANCIAL INC
$1.23B0.43%3.60%$0.0500$0.205%02023-10-02
FNCB
FNCB BANCORP INC
$122.23M5.83%44.40%$0.0900$0.3680%0
ESQ
ESQUIRE FINANCIAL HOLDINGS INC
$372.81M0.99%8.40%$0.1250$0.4516%0
CCB
COASTAL FINANCIAL CORP
$581.82MN/A0.00%N/AN/AN/AN/A
FHB
FIRST HAWAIIAN INC
$2.35B5.66%47.90%$0.2600$1.0479%0
FBP
FIRST BANCORP
$2.39B4.03%32.90%$0.1400$0.5465%0
HOMB
HOME BANCSHARES INC
$4.34B3.29%32.20%$0.1800$0.7155%0
UCBI
UNITED COMMUNITY BANKS INC
$3.05B3.55%35.60%$0.2300$0.9159%02023-10-05
BANF
BANCFIRST CORP
$2.82B1.87%23.40%$0.4000$1.6033%02023-09-282023-10-16
CIVB
CIVISTA BANCSHARES INC
$256.55M3.63%19.90%$0.1600$0.5960%0
QCRH
QCR HOLDINGS INC
$810.20M0.50%3.50%$0.0600$0.246%02023-10-04
CBAN
COLONY BANKCORP INC
$172.42M4.46%27.10%$0.1100$0.4470%0
EBMT
EAGLE BANCORP MONTANA INC
$95.14M4.64%35.50%$0.1400$0.5571%0
CFBK
CF BANKSHARES INC
$108.66M1.33%8.00%$0.0600$0.2223%0
CIB
BANCOLOMBIA SA
$6.76B10.60%47.90%$0.8520$2.9894%62023-09-282023-10-12
HBCP
HOME BANCORP INC
$266.60M3.04%23.30%$0.2500$0.9952%0
IBCP
INDEPENDENT BANK CORP
$380.56M5.01%23.90%$0.2300$0.9175%0
FNWB
FIRST NORTHWEST BANCORP
$122.90M2.19%16.20%$0.0700$0.2839%0
HBNC
HORIZON BANCORP INC
$463.59M6.09%34.00%$0.1600$0.6482%0
PROV
PROVIDENT FINANCIAL HOLDINGS INC
$89.77M4.37%46.70%$0.1400$0.5668%0
HFWA
HERITAGE FINANCIAL CORP
$575.48M5.30%37.80%$0.2200$0.8777%6
UVSP
UNIVEST FINANCIAL CORP
$505.73M4.90%29.90%$0.2100$0.8474%0
TSBK
TIMBERLAND BANCORP INC
$222.70M3.67%29.90%$0.2300$1.0160%9

Bank Stocks FAQ

What are the best bank stocks to buy right now in Sep 2023?

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

1. Heritage Commerce (NASDAQ:HTBK)


Heritage Commerce (NASDAQ:HTBK) is the top bank stock with a Zen Score of 56, which is 22 points higher than the bank industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Heritage Commerce has seen its stock lose -27.69% over the past year, underperforming other bank stocks by -12 percentage points.

Heritage Commerce has an average 1 year price target of $10.25, an upside of 21.16% from Heritage Commerce's current stock price of $8.46.

Heritage Commerce stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Heritage Commerce, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Seacoast Banking Of Florida (NASDAQ:SBCF)


Seacoast Banking Of Florida (NASDAQ:SBCF) is the second best bank stock with a Zen Score of 55, which is 21 points higher than the bank industry average of 34. It passed 20 out of 38 due diligence checks and has strong fundamentals. Seacoast Banking Of Florida has seen its stock lose -32.67% over the past year, underperforming other bank stocks by -17 percentage points.

Seacoast Banking Of Florida has an average 1 year price target of $26.00, an upside of 17.49% from Seacoast Banking Of Florida's current stock price of $22.13.

Seacoast Banking Of Florida stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Seacoast Banking Of Florida, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Sandy Spring Bancorp (NASDAQ:SASR)


Sandy Spring Bancorp (NASDAQ:SASR) is the third best bank stock with a Zen Score of 55, which is 21 points higher than the bank industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Sandy Spring Bancorp has seen its stock lose -46.06% over the past year, underperforming other bank stocks by -31 percentage points.

Sandy Spring Bancorp has an average 1 year price target of $27.00, an upside of 25.52% from Sandy Spring Bancorp's current stock price of $21.51.

Sandy Spring Bancorp stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Sandy Spring Bancorp, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% 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 296 bank stocks that have issued dividends in the past year, the 3 bank stocks with the highest dividend yields are:

1. Provident Bancorp (NASDAQ:PVBC)


Provident Bancorp (NASDAQ:PVBC) has an annual dividend yield of N/A, which is N/A percentage points lower than the bank industry average of 4.1%.

Provident Bancorp's dividend payout ratio of -2.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Banco Itau Chile (NYSE:ITCL)


Banco Itau Chile (NYSE:ITCL) has an annual dividend yield of 14.64%, which is 11 percentage points higher than the bank industry average of 4.1%. Banco Itau Chile's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Banco Itau Chile's dividend has shown consistent growth over the last 10 years.

Banco Itau Chile's dividend payout ratio of 43,522.9% indicates that its high dividend yield might not be sustainable for the long-term.

3. Capitol Federal Financial (NASDAQ:CFFN)


Capitol Federal Financial (NASDAQ:CFFN) has an annual dividend yield of 12.42%, which is 8 percentage points higher than the bank industry average of 4.1%. Capitol Federal Financial's dividend payout is not stable, having dropped more than 10% eighteen times in the last 10 years. Capitol Federal Financial's dividend has shown consistent growth over the last 10 years.

Capitol Federal Financial's dividend payout ratio of 144.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are bank stocks down?

Bank stocks were down -0.16% in the last day, and down -0.95% over the last week. Eastern Bankshares was the among the top losers in the banks - regional industry, dropping -5.88% yesterday.

Eastern Bankshares shares are trading lower after the company announced an agreement to sell the insurance operations of Eastern Insurance Group and entered into a definitive agreement to merge with Cambridge Bancorp.

What are the most undervalued bank stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued bank stocks right now are:

1. Bcb Bancorp (NASDAQ:BCBP)


Bcb Bancorp (NASDAQ:BCBP) is the most undervalued bank stock based on WallStreetZen's Valuation Score. Bcb Bancorp has a valuation score of 86, which is 38 points higher than the bank industry average of 48. It passed 6 out of 7 valuation due diligence checks.

Bcb Bancorp's stock has dropped -37.12% in the past year. It has underperformed other stocks in the bank industry by -22 percentage points.

2. Business First Bancshares (NASDAQ:BFST)


Business First Bancshares (NASDAQ:BFST) is the second most undervalued bank stock based on WallStreetZen's Valuation Score. Business First Bancshares has a valuation score of 86, which is 38 points higher than the bank industry average of 48. It passed 6 out of 7 valuation due diligence checks.

Business First Bancshares's stock has dropped -19.59% in the past year. It has underperformed other stocks in the bank industry by -4 percentage points.

3. Bankwell Financial Group (NASDAQ:BWFG)


Bankwell Financial Group (NASDAQ:BWFG) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Bankwell Financial Group has a valuation score of 86, which is 38 points higher than the bank industry average of 48. It passed 6 out of 7 valuation due diligence checks.

Bankwell Financial Group's stock has dropped -19.25% in the past year. It has underperformed other stocks in the bank industry by -4 percentage points.

Are bank stocks a good buy now?

40.27% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 22.07% 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 0.5x.
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.