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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
BWFG
BANKWELL FINANCIAL GROUP INC
$198.36M3.20%17.00%$0.2000$0.8057%0
FHB
FIRST HAWAIIAN INC
$2.83B4.68%56.50%$0.2600$1.0476%0
GABC
GERMAN AMERICAN BANCORP INC
$981.32M3.08%35.10%$0.2700$1.0256%0
NRIM
NORTHRIM BANCORP INC
$258.32M5.13%53.20%$0.6100$2.4179%0
FBP
FIRST BANCORP
$2.96B3.28%33.70%$0.1600$0.5858%0
FFIN
FIRST FINANCIAL BANKSHARES INC
$4.35B2.36%51.10%$0.1800$0.7246%0
BFC
BANK FIRST CORP
$796.55M1.59%15.80%$0.3500$1.2532%12024-06-262024-07-10
ACNB
ACNB CORP
$289.01M3.41%31.20%$0.3000$1.1660%0
UNTY
UNITY BANCORP INC
$281.31M1.77%12.30%$0.1300$0.4935%0
RMBI
RICHMOND MUTUAL BANCORPORATION INC
$130.17M4.78%61.50%$0.1400$0.5677%1
OPHC
OPTIMUMBANK HOLDINGS INC
$32.89MN/A0.00%N/AN/AN/AN/A
BMRC
BANK OF MARIN BANCORP
$256.83M6.31%80.60%$0.2500$1.0085%0
COLB
COLUMBIA BANKING SYSTEM INC
$4.01B7.50%80.40%$0.3600$1.4489%4
BMA
MACRO BANK INC
$3.13B5.76%37.40%$0.5958$2.8283%3
HFBL
HOME FEDERAL BANCORP INC OF LOUISIANA
$37.54M4.15%33.20%$0.1250$0.5070%02024-04-262024-05-13
CATC
CAMBRIDGE BANCORP
$507.83M4.14%61.60%$0.6700$2.6870%02024-05-082024-05-23
LCNB
LCNB CORP
$201.80M5.64%78.20%$0.2200$0.8682%0
LYG
LLOYDS BANKING GROUP PLC
$40.37B5.54%32.50%$0.0933$0.1482%72024-05-31
MOFG
MIDWESTONE FINANCIAL GROUP INC
$337.85M4.52%72.90%$0.2425$0.9775%0
FMNB
FARMERS NATIONAL BANC CORP
$464.82M5.49%63.40%$0.1700$0.6882%0
FBMS
FIRST BANCSHARES INC
$789.44M3.72%39.00%$0.2500$0.9465%0
FCBC
FIRST COMMUNITY BANKSHARES INC
$623.20M3.44%43.40%$0.2900$1.1660%12024-05-092024-05-24
AUB
ATLANTIC UNION BANKSHARES CORP
$2.49B3.75%49.00%$0.3200$1.2465%0
VABK
VIRGINIA NATIONAL BANKSHARES CORP
$132.60M5.37%36.70%$0.3300$1.3281%0
SHBI
SHORE BANCSHARES INC
$354.36M4.50%114.30%$0.1200$0.4874%0
FIBK
FIRST INTERSTATE BANCSYSTEM INC
$2.76B7.08%75.80%$0.4700$1.8888%1
NECB
NORTHEAST COMMUNITY BANCORP INC
$217.32MN/A5.40%$0.0600N/AN/A1
AROW
ARROW FINANCIAL CORP
$380.22M4.63%60.10%$0.2700$1.0676%0
CATY
CATHAY GENERAL BANCORP
$2.58B3.83%27.90%$0.3400$1.3666%0
CAC
CAMDEN NATIONAL CORP
$451.72M5.42%56.40%$0.4200$1.6881%02024-04-30
SMBK
SMARTFINANCIAL INC
$354.47M1.54%18.80%$0.0800$0.3230%0
FUNC
FIRST UNITED CORP
$147.48M3.60%35.60%$0.2000$0.8063%02024-05-01
SFBS
SERVISFIRST BANCSHARES INC
$3.43B1.84%30.00%$0.3000$1.1637%0
FRME
FIRST MERCHANTS CORP
$2.08B3.88%44.90%$0.3400$1.3667%0
NFBK
NORTHFIELD BANCORP INC
$399.29M5.79%60.50%$0.1300$0.5283%0
WAFD
WAFD INC
$1.84B3.56%29.30%$0.2600$1.0162%2
EGBN
EAGLE BANCORP INC
$665.62M8.09%54.40%$0.4500$1.8090%02024-04-30
HMNF
HMN FINANCIAL INC
$87.02M1.64%23.20%$0.0800$0.3233%0
TSBK
TIMBERLAND BANCORP INC
$213.79M3.53%29.20%$0.2400$0.9362%92024-05-092024-05-24
PKBK
PARKE BANCORP INC
$198.51M4.34%30.30%$0.1800$0.7272%0
BFIN
BANKFINANCIAL CORP
$126.60M3.94%54.10%$0.1000$0.4068%0
SSB
SOUTHSTATE CORP
$6.11B2.57%31.70%$0.5200$2.0649%0
MBCN
MIDDLEFIELD BANC CORP
$183.41M3.74%39.70%$0.2000$0.8565%4
SRCE
1ST SOURCE CORP
$1.25B2.59%26.20%$0.3400$1.3249%0
MNSB
MAINSTREET BANCSHARES INC
$120.99M2.52%12.30%$0.1000$0.4048%02024-05-022024-05-10
FRAF
FRANKLIN FINANCIAL SERVICES CORP
$132.13M4.25%41.20%$0.3200$1.2872%02024-05-012024-05-22
ECBK
ECB BANCORP INC
$115.17MN/A0.00%N/AN/AN/AN/A
CVLY
CODORUS VALLEY BANCORP INC
$217.44M2.26%25.80%$0.1700$0.5144%12024-05-062024-05-14
UBCP
UNITED BANCORP INC
$73.91M6.37%52.50%$0.3225$0.8385%72024-06-102024-06-20
BCML
BAYCOM CORP
$230.53M2.49%22.00%$0.1000$0.5048%0
CCNE
CNB FINANCIAL CORP
$406.62M3.62%27.30%$0.1750$0.7064%0
CTBI
COMMUNITY TRUST BANCORP INC
$781.02M4.20%41.30%$0.4600$1.8271%02024-06-142024-07-01
BCH
BANK OF CHILE
$11.26B7.59%58.50%$1.6924$1.6989%3
CFB
CROSSFIRST BANKSHARES INC
$627.18MN/A0.00%N/AN/AN/AN/A
EBTC
ENTERPRISE BANCORP INC
$304.51M3.75%29.90%$0.2400$0.9365%02024-05-102024-06-03
CHCO
CITY HOLDING CO
$1.57B2.63%35.80%$0.7150$2.8050%02024-04-30
CWBC
COMMUNITY WEST BANCSHARES
$212.62M2.67%22.10%$0.1200$0.4850%02024-05-022024-05-17
FCF
FIRST COMMONWEALTH FINANCIAL CORP
$1.40B3.64%32.30%$0.1250$0.5064%02024-05-022024-05-17
RNST
RENASANT CORP
$1.72B2.87%34.10%$0.2200$0.8853%02024-06-142024-06-28
OPOF
OLD POINT FINANCIAL CORP
$74.35M3.80%36.40%$0.1400$0.5666%0
HAFC
HANMI FINANCIAL CORP
$458.24M6.61%38.00%$0.2500$1.0087%2
HTBI
HOMETRUST BANCSHARES INC
$457.40M1.60%14.10%$0.1100$0.4232%02024-05-152024-05-30
HTH
HILLTOP HOLDINGS INC
$1.99B2.13%38.00%$0.1700$0.6542%02024-05-092024-05-24
PB
PROSPERITY BANCSHARES INC
$6.09B3.41%49.00%$0.5600$2.2260%02024-06-142024-07-01
MBWM
MERCANTILE BANK CORP
$594.54M3.69%26.50%$0.3500$1.3664%32024-06-072024-06-19
DB
DEUTSCHE BANK AKTIENGESELLSCHAFT
$32.83B1.98%10.60%$0.3259$0.3340%32024-05-172024-05-21
NBTB
NBT BANCORP INC
$1.69B3.51%47.20%$0.3200$1.2662%0
SASR
SANDY SPRING BANCORP INC
$966.21M6.33%49.60%$0.3400$1.3685%0
BVFL
BV FINANCIAL INC
$120.81MN/A0.00%N/AN/AN/AN/A
FMAO
FARMERS & MERCHANTS BANCORP INC
$291.05M4.04%50.90%$0.2200$0.8669%0
FBNC
FIRST BANCORP
$1.42B2.55%34.60%$0.2200$0.8849%02024-04-25
EBMT
EAGLE BANCORP MONTANA INC
$103.10M4.34%43.30%$0.1400$0.5672%02024-05-162024-06-07
PWOD
PENNS WOODS BANCORP INC
$129.84M7.41%54.70%$0.3200$1.2889%0
UBSI
UNITED BANKSHARES INC
$4.69B4.20%53.30%$0.3700$1.4671%0
CBSH
COMMERCE BANCSHARES INC
$7.26B1.93%29.70%$0.2700$1.0839%02024-06-052024-06-18
UNB
UNION BANKSHARES INC
$125.46M5.19%57.60%$0.3600$1.4480%02024-04-252024-05-02
PBBK
PB BANKSHARES INC
$32.15MN/A0.00%N/AN/AN/AN/A
UMBF
UMB FINANCIAL CORP
$4.13B1.82%21.20%$0.3900$1.5436%0
BRKL
BROOKLINE BANCORP INC
$848.05M5.66%63.50%$0.1350$0.5482%0
HOPE
HOPE BANCORP INC
$1.33B5.06%50.50%$0.1400$0.5679%0
IBN
ICICI BANK LTD
$91.44B0.74%10.60%$0.1949$0.1913%3
SSBK
SOUTHERN STATES BANCSHARES INC
$214.51M0.74%7.40%$0.0900$0.1813%0
PBHC
PATHFINDER BANCORP INC
$77.96M2.90%23.80%$0.1000$0.3753%02024-05-10
BSVN
BANK7 CORP
$249.25M2.93%25.60%$0.2100$0.7954%1
FHN
FIRST HORIZON CORP
$8.34B4.02%38.00%$0.1500$0.6069%02024-06-142024-07-01
BSAC
BANCO SANTANDER CHILE
$10.31B4.15%99.60%$0.7557$0.7670%4
PFS
PROVIDENT FINANCIAL SERVICES INC
$1.18B6.17%55.80%$0.2400$0.9684%22024-04-262024-05-31
BSRR
SIERRA BANCORP
$309.07M4.40%38.80%$0.2300$0.9273%02024-04-292024-05-13
LBAI
LAKELAND BANCORP INC
$835.06M4.52%45.00%$0.1450$0.5875%02024-04-262024-05-08
TRMK
TRUSTMARK CORP
$1.79B3.13%33.90%$0.2300$0.9256%02024-05-312024-06-15
HNVR
HANOVER BANCORP INC
$121.31M0.60%10.80%$0.1000$0.109%0
MRBK
MERIDIAN CORP
$100.11M5.59%42.00%$0.1250$0.5082%3
HBT
HBT FINANCIAL INC
$600.90M3.69%33.70%$0.1900$0.7064%0
FNB
FNB CORP
$4.91B3.51%36.40%$0.1200$0.4862%0
FXNC
FIRST NATIONAL CORP
$94.41M3.99%39.00%$0.1500$0.6068%0
HTLF
HEARTLAND FINANCIAL USA INC
$1.54B3.33%71.40%$0.3000$1.2059%2
RVSB
RIVERVIEW BANCORP INC
$93.94M5.39%51.10%$0.0600$0.2481%0
CNOB
CONNECTONE BANCORP INC
$757.71M3.45%32.70%$0.1700$0.6861%0
CZFS
CITIZENS FINANCIAL SERVICES INC
$207.48M4.44%48.00%$0.4900$1.9674%3
WAL
WESTERN ALLIANCE BANCORPORATION
$6.54B2.46%22.30%$0.3700$1.4647%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. Cb Financial Services (NASDAQ:CBFV)


Cb Financial Services (NASDAQ:CBFV) 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 21 out of 38 due diligence checks and has strong fundamentals. Cb Financial Services has seen its stock return 0.12% 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 13.85% from Cb Financial Services's current stock price of $21.52.

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 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 19.5% 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 29.56% from Webster Financial's current stock price of $45.54.

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.

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 40.02% 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 21.95% from Orrstown Financial Services's current stock price of $26.24.

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 3.81%.

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 18.3%, which is 14 percentage points higher than the bank industry average of 3.81%. 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 11.04%, which is 7 percentage points higher than the bank industry average of 3.81%. 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 0.4% in the last day, and up 5.78% 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 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 27.38% in the past year. It has overperformed other stocks in the bank industry by 12 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 -7.8% in the past year. It has underperformed other stocks in the bank industry by -23 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 3.19% in the past year. It has underperformed other stocks in the bank industry by -12 percentage points.

Are bank stocks a good buy now?

36.89% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 12.13% 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 -10.44x.
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.