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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
WBS
WEBSTER FINANCIAL CORP
$7.73B3.55%32.60%$0.4000$1.6062%02024-05-032024-05-16
ORRF
ORRSTOWN FINANCIAL SERVICES INC
$283.47M3.02%23.20%$0.2000$0.8055%02024-05-062024-05-14
CBFV
CB FINANCIAL SERVICES INC
$116.39M4.42%22.70%$0.2500$1.0073%0
SMBC
SOUTHERN MISSOURI BANCORP INC
$464.90M2.05%21.50%$0.2100$0.8441%0
MVBF
MVB FINANCIAL CORP
$252.13M3.46%27.60%$0.1700$0.6861%1
BBD
BANK BRADESCO
$28.95B8.29%51.70%$0.0038$0.2390%282024-05-032024-05-09
HDB
HDFC BANK LTD
$108.40B2.39%21.50%$0.6968$1.3946%1
MTB
M&T BANK CORP
$24.39B3.55%32.80%$1.3000$5.2062%0
CASH
PATHWARD FINANCIAL INC
$1.33B0.38%3.30%$0.0500$0.205%0
SBCF
SEACOAST BANKING CORP OF FLORIDA
$1.98B3.08%57.30%$0.1800$0.7256%02024-06-142024-06-28
HBAN
HUNTINGTON BANCSHARES INC
$19.63B4.58%49.20%$0.1550$0.6275%02024-06-172024-07-01
FUSB
FIRST US BANCSHARES INC
$57.12M2.03%14.10%$0.0500$0.2040%0
ITUB
ITAU UNIBANCO HOLDING SA
$61.77B6.69%39.90%$0.0036$0.4287%402024-05-022024-05-09
WABC
WESTAMERICA BANCORPORATION
$1.27B3.67%28.70%$0.4400$1.7464%02024-05-032024-05-17
OVLY
OAK VALLEY BANCORP
$201.86M1.58%10.20%$0.2250$0.3932%0
TCBX
THIRD COAST BANCSHARES INC
$270.78MN/A0.00%N/AN/AN/AN/A
BLX
FOREIGN TRADE BANK OF LATIN AMERICA INC
$1.08B5.92%27.50%$0.5000$1.7583%12024-05-15
IFS
INTERCORP FINANCIAL SERVICES INC
$2.50B4.62%49.00%$1.0000$1.0075%42024-04-29
CFG
CITIZENS FINANCIAL GROUP INC
$16.13B4.78%53.50%$0.4200$1.6877%02024-04-302024-05-15
PFC
PREMIER FINANCIAL CORP
$705.66M6.28%39.90%$0.3100$1.2485%02024-05-022024-05-10
FCNCA
FIRST CITIZENS BANCSHARES INC
$25.48B0.27%0.50%$1.6400$4.783%02024-05-312024-06-17
CCBG
CAPITAL CITY BANK GROUP INC
$457.81M2.92%25.60%$0.2100$0.7953%0
SPFI
SOUTH PLAINS FINANCIAL INC
$426.10M2.55%13.90%$0.1400$0.6649%02024-05-13
TBBK
BANCORP INC
$1.62BN/A0.00%N/AN/AN/AN/A
MCB
METROPOLITAN BANK HOLDING CORP
$467.23MN/A0.00%N/AN/AN/AN/A
BY
BYLINE BANCORP INC
$966.57M1.65%13.40%$0.0900$0.3633%02024-05-062024-05-21
OPBK
OP BANCORP
$139.69M5.14%31.00%$0.1200$0.4879%02024-05-082024-05-23
SNV
SYNOVUS FINANCIAL CORP
$5.39B4.12%43.70%$0.3800$1.5270%0
MSBI
MIDLAND STATES BANCORP INC
$480.83M5.41%40.70%$0.3100$1.2181%0
USB
US BANCORP
$64.07B4.72%59.00%$0.4900$1.9476%0
ESQ
ESQUIRE FINANCIAL HOLDINGS INC
$406.80M1.07%9.90%$0.1500$0.5320%02024-05-142024-06-03
CBAN
COLONY BANKCORP INC
$189.63M4.10%35.70%$0.1125$0.4470%02024-05-072024-05-22
VLY
VALLEY NATIONAL BANCORP
$3.73B6.01%46.30%$0.1100$0.4484%0
INTR
INTER & CO INC
$2.09BN/A0.00%N/AN/AN/AN/A
OSBC
OLD SECOND BANCORP INC
$628.56M1.43%9.80%$0.0500$0.2028%02024-05-06
VBTX
VERITEX HOLDINGS INC
$1.10B3.97%40.00%$0.2000$0.8068%02024-05-092024-05-24
HTBK
HERITAGE COMMERCE CORP
$489.36M6.50%49.10%$0.1300$0.5286%02024-05-082024-05-23
ASB
ASSOCIATED BANC-CORP
$3.26B3.99%74.60%$0.2200$0.8668%0
SMMF
SUMMIT FINANCIAL GROUP INC
$403.07M3.13%22.00%$0.2200$0.8656%0
EBC
EASTERN BANKSHARES INC
$2.30B0.77%21.00%$0.1000$0.1013%0
ONB
OLD NATIONAL BANCORP
$4.85B3.38%28.70%$0.1400$0.5660%0
FBIZ
FIRST BUSINESS FINANCIAL SERVICES INC
$283.81M2.72%21.50%$0.2500$0.9351%0
CFR
CULLEN/FROST BANKERS INC
$6.88B3.39%42.90%$0.9200$3.6360%02024-05-302024-06-14
FSBW
FS BANCORP INC
$245.65M3.21%21.80%$0.2600$1.0157%12024-05-082024-05-23
INDB
INDEPENDENT BANK CORP
$2.24B4.21%40.60%$0.5700$2.2271%0
CIVB
CIVISTA BANCSHARES INC
$232.95M4.24%23.10%$0.1600$0.6371%0
QCRH
QCR HOLDINGS INC
$943.93M0.43%3.50%$0.0600$0.246%0
WSFS
WSFS FINANCIAL CORP
$2.58B1.40%13.60%$0.1500$0.6027%02024-05-092024-05-24
UBFO
UNITED SECURITY BANCSHARES
$127.69M6.49%40.50%$0.1200$0.4886%0
FBK
FB FINANCIAL CORP
$1.78B1.64%24.10%$0.1700$0.6233%0
ABCB
AMERIS BANCORP
$3.31B1.25%15.40%$0.1500$0.6024%0
PLBC
PLUMAS BANCORP
$208.19M2.89%20.10%$0.2700$1.0253%12024-04-302024-05-15
BCAL
SOUTHERN CALIFORNIA BANCORP
$260.62MN/A0.00%N/AN/AN/AN/A
STBA
S&T BANCORP INC
$1.18B4.20%34.60%$0.3300$1.3071%02024-05-082024-05-23
IBOC
INTERNATIONAL BANCSHARES CORP
$3.49B2.30%19.50%$0.6600$1.2945%0
BKU
BANKUNITED INC
$2.04B4.04%47.40%$0.2900$1.1069%02024-04-30
FITB
FIFTH THIRD BANCORP
$25.14B3.74%42.10%$0.3500$1.3865%0
KEY
KEYCORP
$13.73B5.58%92.10%$0.2050$0.8282%0
EFSC
ENTERPRISE FINANCIAL SERVICES CORP
$1.45B2.58%21.40%$0.2500$1.0049%02024-06-142024-06-28
EVBN
EVANS BANCORP INC
$143.61M5.06%29.40%$0.6600$1.3279%0
NBHC
NATIONAL BANK HOLDINGS CORP
$1.27B3.16%28.30%$0.2700$1.0657%0
CZWI
CITIZENS COMMUNITY BANCORP INC
$108.33M3.09%25.60%$0.3200$0.3256%0
HOMB
HOME BANCSHARES INC
$4.91B2.95%37.10%$0.1800$0.7254%02024-05-142024-06-05
FCAP
FIRST CAPITAL INC
$96.32M3.76%28.30%$0.2700$1.0865%0
CMA
COMERICA INC
$6.90B5.45%56.10%$0.7100$2.8481%02024-06-142024-07-01
FFBC
FIRST FINANCIAL BANCORP
$2.15B4.08%33.80%$0.2300$0.9269%02024-06-032024-06-17
RF
REGIONS FINANCIAL CORP
$18.03B4.69%41.70%$0.2400$0.9276%02024-06-032024-07-01
CFBK
CF BANKSHARES INC
$116.49M1.31%9.10%$0.0600$0.2425%02024-04-29
PBFS
PIONEER BANCORP INC
$233.80MN/A0.00%N/AN/AN/AN/A
HFBL
HOME FEDERAL BANCORP INC OF LOUISIANA
$36.99M5.27%33.20%$0.1250$0.6280%02024-05-13
CCB
COASTAL FINANCIAL CORP
$543.33MN/A0.00%N/AN/AN/AN/A
OFG
OFG BANCORP
$1.71B2.51%22.90%$0.2500$0.9148%1
BOTJ
BANK OF THE JAMES FINANCIAL GROUP INC
$46.11M3.35%17.80%$0.1000$0.3459%12024-06-072024-06-21
LARK
LANDMARK BANCORP INC
$103.91M4.26%36.30%$0.2100$0.8171%0
NEWT
NEWTEKONE INC
$271.80M6.64%48.10%$0.1900$0.7387%8
LOB
LIVE OAK BANCSHARES INC
$1.49B0.36%7.20%$0.0300$0.125%1
BFST
BUSINESS FIRST BANCSHARES INC
$523.86M2.52%19.80%$0.1400$0.5248%02024-05-142024-05-31
DCOM
DIME COMMUNITY BANCSHARES INC
$740.82M5.24%43.70%$0.2500$1.0080%0
PEBO
PEOPLES BANCORP INC
$1.06B5.24%45.10%$0.3900$1.5680%02024-05-032024-05-20
ESSA
ESSA BANCORP INC
$168.18M3.61%32.40%$0.1500$0.6063%0
STEL
STELLAR BANCORP INC
$1.20B2.31%23.20%$0.1300$0.5245%0
IBTX
INDEPENDENT BANK GROUP INC
$1.63B3.86%60.10%$0.3800$1.5266%02024-05-012024-05-16
PNFP
PINNACLE FINANCIAL PARTNERS INC
$6.18B1.10%12.20%$0.2200$0.8820%02024-05-022024-05-31
FINW
FINWISE BANCORP
$136.52MN/A0.00%N/AN/AN/AN/A
CIB
BANCOLOMBIA SA
$7.89B10.79%39.40%$0.9125$3.5494%6
HBCP
HOME BANCORP INC
$289.95M3.51%19.90%$0.2500$1.2561%02024-05-10
WTFC
WINTRUST FINANCIAL CORP
$6.09B1.67%17.00%$0.4500$1.6533%02024-05-082024-05-23
AX
AXOS FINANCIAL INC
$3.02BN/A0.00%N/AN/AN/AN/A
BANF
BANCFIRST CORP
$2.93B1.90%25.70%$0.4300$1.6938%0
AVAL
GRUPO AVAL ACCIONES Y VALORES SA
$2.88B8.27%126.10%$0.0102$0.2090%42024-04-302024-05-09
RBCAA
REPUBLIC BANCORP INC
$979.84M3.03%41.00%$0.4070$1.5355%0
CBNK
CAPITAL BANCORP INC
$272.23M1.53%11.70%$0.0800$0.3031%02024-05-032024-05-22
MBIN
MERCHANTS BANCORP
$1.69B0.85%5.70%$0.0900$0.3315%1
UCBI
UNITED COMMUNITY BANKS INC
$3.09B3.54%59.70%$0.2300$0.9262%0
BWFG
BANKWELL FINANCIAL GROUP INC
$189.23M3.36%17.00%$0.2000$0.8059%02024-05-092024-05-21
BCBP
BCB BANCORP INC
$160.42M6.77%37.40%$0.1600$0.6487%02024-05-022024-05-17
HBNC
HORIZON BANCORP INC
$514.34M5.49%100.00%$0.1600$0.6482%0
TRST
TRUSTCO BANK CORP N Y
$515.18M5.32%46.80%$0.3600$1.4480%0
PPBI
PACIFIC PREMIER BANCORP INC
$2.12B6.01%942.90%$0.3300$1.3284%02024-05-032024-05-13
FISI
FINANCIAL INSTITUTIONS INC
$271.19M6.82%37.90%$0.3000$1.2087%0

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. Webster Financial (NYSE:WBS)


Webster Financial (NYSE:WBS) 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 21 out of 38 due diligence checks and has strong fundamentals. Webster Financial has seen its stock return 22.46% over the past year, overperforming other bank stocks by 4 percentage points.

Webster Financial has an average 1 year price target of $59.00, an upside of 31.02% from Webster Financial's current stock price of $45.03.

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. Orrstown Financial Services (NASDAQ:ORRF)


Orrstown Financial Services (NASDAQ:ORRF) is the second 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 42.75% over the past year, overperforming other bank stocks by 24 percentage points.

Orrstown Financial Services has an average 1 year price target of $32.00, an upside of 20.85% from Orrstown Financial Services's current stock price of $26.48.

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.

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 5.01% over the past year, underperforming other bank stocks by -14 percentage points.

Cb Financial Services has an average 1 year price target of $24.50, an upside of 8.26% from Cb Financial Services's current stock price of $22.63.

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.

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 3.85%.

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 18.86%, which is 15 percentage points higher than the bank industry average of 3.85%. 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 10.79%, which is 7 percentage points higher than the bank industry average of 3.85%. 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 -0.44% in the last day, and up 2.7% 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. First Business Financial Services (NASDAQ:FBIZ)


First Business Financial Services (NASDAQ:FBIZ) is the most undervalued bank stock based on WallStreetZen's Valuation Score. First Business Financial Services 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 Business Financial Services's stock has gained 21.38% 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 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 35.76% in the past year. It has overperformed other stocks in the bank industry by 17 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 4.24% in the past year. It has underperformed other stocks in the bank industry by -15 percentage points.

Are bank stocks a good buy now?

37.25% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 13.54% 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 -9.61x.
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.