Sectors & Industries Financial ServicesBanks - Regional
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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
PGC	PEAPACK GLADSTONE FINANCIAL CORP	$444.52M	0.80%	7.30%	$0.0500	$0.20	14%	0
AMTB	AMERANT BANCORP INC	$763.32M	1.58%	37.10%	$0.0900	$0.36	32%	0
SFST	SOUTHERN FIRST BANCSHARES INC	$231.63M	N/A	0.00%	N/A	N/A	N/A	N/A
KB	KB FINANCIAL GROUP INC	$19.81B	N/A	26.50%	$0.6556	N/A	N/A	1
TFC	TRUIST FINANCIAL CORP	$51.83B	5.36%	-190.80%	$0.5200	$2.08	81%	1
PCB	PCB BANCORP	$223.22M	1.15%	16.80%	$0.1800	$0.18	22%	0
BAFN	BAYFIRST FINANCIAL CORP	$53.13M	0.62%	13.80%	$0.0800	$0.08	10%	0
CLST	CATALYST BANCORP INC	$53.63M	N/A	0.00%	N/A	N/A	N/A	N/A
TCBC	TC BANCSHARES INC	$59.24M	N/A	83.30%	$0.0500	N/A	N/A	0
TBNK	TERRITORIAL BANCORP INC	$64.17M	7.70%	96.60%	$0.0500	$0.56	89%	11
AMAL	AMALGAMATED FINANCIAL CORP	$703.24M	0.43%	6.90%	$0.1000	$0.10	6%	0
BSBR	BANCO SANTANDER (BRASIL) SA	$39.38B	7.71%	N/A	$0.0792	$0.41	89%	14		2024-05-28
NYCB	NEW YORK COMMUNITY BANCORP INC	$2.54B	17.61%	-350.00%	$0.0500	$0.56	99%	2
LSBK	LAKE SHORE BANCORP INC	$60.77M	N/A	0.00%	$0.1800	N/A	N/A	0
BWB	BRIDGEWATER BANCSHARES INC	$332.24M	N/A	0.00%	N/A	N/A	N/A	N/A
HONE	HARBORONE BANCORP INC	$454.63M	0.75%	60.80%	$0.0750	$0.08	13%	0
ASRV	AMERISERV FINANCIAL INC	$45.10M	4.56%	-60.00%	$0.0300	$0.12	75%	0	2024-05-03	2024-05-20
SHFS	SHF HOLDINGS INC	$38.80M	N/A	0.00%	N/A	N/A	N/A	N/A
JMSB	JOHN MARSHALL BANCORP INC	$243.60M	1.28%	59.50%	$0.2200	$0.22	25%	0
LNKB	LINKBANCORP INC	$244.63M	1.15%	-22.40%	$0.0750	$0.08	21%	0
SBT	STERLING BANCORP INC	$255.65M	N/A	0.00%	$0.0100	N/A	N/A	0
CLBK	COLUMBIA FINANCIAL INC	$1.76B	N/A	0.00%	N/A	N/A	N/A	N/A
BANC	BANC OF CALIFORNIA INC	$2.19B	2.87%	-1.80%	$0.1000	$0.40	52%	1
CULL	CULLMAN BANCORP INC	$74.91M	N/A	0.00%	$0.1200	N/A	N/A	0
BHRB	BURKE & HERBERT FINANCIAL SERVICES CORP	$402.58M	0.98%	34.80%	$0.5300	$0.53	17%	0
WMPN	WILLIAM PENN BANCORPORATION	$115.09M	0.50%	112.50%	$0.0300	$0.06	8%	1
TFIN	TRIUMPH FINANCIAL INC	$1.65B	N/A	0.00%	N/A	N/A	N/A	N/A
CPBI	CENTRAL PLAINS BANCSHARES INC	$42.34M	N/A	N/A	N/A	N/A	N/A	N/A
GBNY	GENERATIONS BANCORP NY INC	$22.42M	N/A	0.00%	N/A	N/A	N/A	N/A
CFSB	CFSB BANCORP INC	$45.70M	N/A	0.00%	N/A	N/A	N/A	N/A
MFG	MIZUHO FINANCIAL GROUP INC	$50.15B	N/A	-1,576.50%	$0.0665	N/A	N/A	0
HMST	HOMESTREET INC	$244.58M	2.31%	-20.50%	$0.1000	$0.30	45%	1
FSEA	FIRST SEACOAST BANCORP INC	$44.43M	N/A	0.00%	N/A	N/A	N/A	N/A
BCOW	1895 BANCORP OF WISCONSIN INC	$42.82M	N/A	0.00%	N/A	N/A	N/A	N/A
BRBS	BLUE RIDGE BANKSHARES INC	$51.84M	N/A	-4.50%	$0.1225	N/A	N/A	0
NSTS	NSTS BANCORP INC	$51.05M	N/A	0.00%	N/A	N/A	N/A	N/A
SUPV	GRUPO SUPERVIELLE SA	$540.40M	N/A	-5.90%	$0.0154	N/A	N/A	4
CARV	CARVER BANCORP INC	$7.93M	N/A	0.00%	N/A	N/A	N/A	N/A
BLFY	BLUE FOUNDRY BANCORP	$209.06M	N/A	0.00%	N/A	N/A	N/A	N/A
SRBK	SR BANCORP INC	$89.37M	N/A	N/A	N/A	N/A	N/A	N/A
TCBS	TEXAS COMMUNITY BANCSHARES INC	$45.36M	0.21%	-25.00%	$0.0300	$0.03	2%	0
KFFB	KENTUCKY FIRST FEDERAL BANCORP	$30.73M	7.89%	-600.00%	$0.1000	$0.30	90%	0
PNBK	PATRIOT NATIONAL BANCORP INC	$14.71M	N/A	0.00%	$0.0100	N/A	N/A	0
FFWM	FIRST FOUNDATION INC	$391.89M	0.86%	-1.70%	$0.0100	$0.06	15%	2

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 17.76% over the past year, overperforming other bank stocks by 3 percentage points.

Webster Financial has an average 1 year price target of $61.30, an upside of 36.59% from Webster Financial's current stock price of $44.88.

Webster Financial stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Webster Financial, 70% have issued a Strong Buy rating, 30% 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 38.15% over the past year, overperforming other bank stocks by 23 percentage points.

Orrstown Financial Services has an average 1 year price target of $32.00, an upside of 23.6% from Orrstown Financial Services's current stock price of $25.89.

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 3.82%.

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 17.61%, which is 14 percentage points higher than the bank industry average of 3.82%. 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 10.85%, which is 7 percentage points higher than the bank industry average of 3.82%. 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 0.8% in the last day, and up 5.38% 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 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 21.26% in the past year. It has overperformed other stocks in the bank industry by 6 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 27.38% in the past year. It has overperformed other stocks in the bank industry by 12 percentage points.

3. Hanover Bancorp (NASDAQ:HNVR)

Hanover Bancorp (NASDAQ:HNVR) is the third 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 -7.14% in the past year. It has underperformed other stocks in the bank industry by -22 percentage points.

Are bank stocks a good buy now?

37.38% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 12.8% 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 -10.89x.

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.