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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
HTBK
HERITAGE COMMERCE CORP
United States
$505.29M61,099,15573.17%22.03%Net BuyingNet Buying
WBS
WEBSTER FINANCIAL CORP
United States
$8.11B172,035,06486.25%4.69%Net SellingNet Selling
TCBX
THIRD COAST BANCSHARES INC
United States
$259.85M13,604,47136.87%8.40%Net BuyingNet Selling
SBCF
SEACOAST BANKING CORP OF FLORIDA
United States
$2.06B85,149,88062.10%37.90%Net BuyingNet Buying
WABC
WESTAMERICA BANCORPORATION
United States
$1.23B26,649,03676.23%17.01%Net SellingNet Selling
PFC
PREMIER FINANCIAL CORP
United States
$712.87M35,732,76966.07%4.54%Net SellingNet Selling
MTB
M&T BANK CORP
United States
$22.85B166,624,29184.56%8.52%Net SellingNet Selling
CMA
COMERICA INC
United States
$6.57B131,872,81280.97%3.14%Net BuyingNet Buying
BBD
BANK BRADESCO
Brazil
$30.01B10,642,170,2288.08%0.00%
OVLY
OAK VALLEY BANCORP
United States
$201.52M8,293,16830.84%32.52%Net SellingNet Buying
VLY
VALLEY NATIONAL BANCORP
United States
$4.20B507,684,07961.06%17.43%Net BuyingNet Selling
HBAN
HUNTINGTON BANCSHARES INC
United States
$18.64B1,448,345,86380.77%2.19%Net SellingNet Selling
ORRF
ORRSTOWN FINANCIAL SERVICES INC
United States
$284.67M10,614,07144.63%11.27%Net SellingNet Selling
UBFO
UNITED SECURITY BANCSHARES
United States
$126.12M17,136,09530.89%63.09%Net SellingNet Buying
SMBC
SOUTHERN MISSOURI BANCORP INC
United States
$496.59M11,355,76249.47%24.63%Net BuyingNet Buying
BMA
MACRO BANK INC
Argentina
$2.15B639,413,4080.46%0.00%
FFBC
FIRST FINANCIAL BANCORP
United States
$2.10B95,121,68777.08%4.29%Net SellingNet Selling
CATY
CATHAY GENERAL BANCORP
United States
$2.86B72,648,86374.66%15.28%Net SellingNet Selling
CASH
PATHWARD FINANCIAL INC
United States
$1.30B25,490,77588.71%11.29%Net SellingNet Selling
IBOC
INTERNATIONAL BANCSHARES CORP
United States
$3.18B62,058,46362.72%37.28%Net SellingNet Selling
DCOM
DIME COMMUNITY BANCSHARES INC
United States
$739.54M38,820,88675.04%11.68%Net SellingNet Selling
OSBC
OLD SECOND BANCORP INC
United States
$597.16M44,697,91767.44%9.78%Net BuyingNet Buying
MSBI
MIDLAND STATES BANCORP INC
United States
$529.41M21,538,43460.79%13.92%Net BuyingNet Buying
CFG
CITIZENS FINANCIAL GROUP INC
United States
$14.31B458,756,72394.51%1.11%Net Selling
FCNCA
FIRST CITIZENS BANCSHARES INC
United States
$22.12B14,520,10338.04%61.96%Net SellingNet Selling
ONB
OLD NATIONAL BANCORP
United States
$4.76B292,621,00083.58%1.60%Net SellingNet Selling
MVBF
MVB FINANCIAL CORP
United States
$280.72M12,736,62348.00%24.82%Net BuyingNet Buying
FRME
FIRST MERCHANTS CORP
United States
$2.04B59,846,92273.24%3.41%Net BuyingNet Selling
TFC
TRUIST FINANCIAL CORP
United States
$47.71B1,333,668,07771.32%0.99%Net SellingNet Selling
NBHC
NATIONAL BANK HOLDINGS CORP
United States
$1.26B37,761,13886.52%13.48%Net SellingNet Buying
ESQ
ESQUIRE FINANCIAL HOLDINGS INC
United States
$407.01M8,204,18654.63%34.37%Net SellingNet Selling
RVSB
RIVERVIEW BANCORP INC
United States
$98.38M21,111,04364.42%30.63%Net Buying
EFSC
ENTERPRISE FINANCIAL SERVICES CORP
United States
$1.52B37,385,65172.16%19.69%Net SellingNet Selling
EBMT
EAGLE BANCORP MONTANA INC
United States
$104.72M7,988,13235.76%15.49%Net SellingNet Selling
MCBC
MACATAWA BANK CORP
United States
$341.21M34,361,56242.52%28.74%Net SellingNet Selling
OCFC
OCEANFIRST FINANCIAL CORP
United States
$905.61M59,423,06970.23%7.45%Net SellingNet Buying
USB
US BANCORP
United States
$63.60B1,558,133,43177.65%19.84%Net SellingNet Selling
NYCB
NEW YORK COMMUNITY BANCORP INC
United States
$3.25B722,488,11369.00%4.72%Net BuyingNet Buying
PBBK
PB BANKSHARES INC
United States
$38.96M2,714,9677.81%10.08%Net Buying
CBAN
COLONY BANKCORP INC
United States
$197.11M17,567,98352.17%19.25%Net SellingNet Selling
BCML
BAYCOM CORP
United States
$231.60M11,551,27156.68%6.79%Net Buying
CALB
CALIFORNIA BANCORP
United States
$191.82M8,394,96256.79%12.16%Net BuyingNet Selling
CCBG
CAPITAL CITY BANK GROUP INC
United States
$478.05M16,958,05620.66%79.34%Net BuyingNet Buying
BY
BYLINE BANCORP INC
United States
$920.67M43,716,71332.09%67.91%Net BuyingNet Buying
BCBP
BCB BANCORP INC
United States
$185.67M16,848,00636.22%27.76%Net BuyingNet Buying
VBTX
VERITEX HOLDINGS INC
United States
$1.10B54,322,42887.87%8.89%Net SellingNet Selling
ITUB
ITAU UNIBANCO HOLDING SA
Brazil
$70.30B9,804,135,3487.99%0.00%
HBCP
HOME BANCORP INC
United States
$301.47M8,147,86942.55%19.40%Net SellingNet Selling
ASB
ASSOCIATED BANC-CORP
United States
$3.12B151,087,72682.84%4.93%Net BuyingNet Buying
CFFI
C & F FINANCIAL CORP
United States
$179.54M3,368,46337.25%10.30%Net SellingNet Selling
BANF
BANCFIRST CORP
United States
$2.88B32,921,39337.82%62.18%Net BuyingNet Selling
QCRH
QCR HOLDINGS INC
United States
$944.71M16,732,38470.20%11.14%Net BuyingNet Buying
PNFP
PINNACLE FINANCIAL PARTNERS INC
United States
$6.45B76,774,19987.59%5.03%Net SellingNet Selling
PBFS
PIONEER BANCORP INC
United States
$239.25M25,977,67924.00%0.02%
FUSB
FIRST US BANCSHARES INC
United States
$60.80M5,874,78115.62%17.63%Net BuyingNet Selling
KEY
KEYCORP
United States
$13.35B936,260,26179.30%1.19%Net SellingNet Selling
CIVB
CIVISTA BANCSHARES INC
United States
$240.93M15,695,99750.77%24.53%Net BuyingNet Buying
BPOP
POPULAR INC
Puerto Rico
$6.06B72,154,35676.35%23.65%Net SellingNet Selling
FISI
FINANCIAL INSTITUTIONS INC
United States
$288.03M15,402,76060.44%10.61%Net BuyingNet Buying
CFR
CULLEN/FROST BANKERS INC
United States
$6.91B64,202,89181.13%10.52%Net BuyingNet Buying
LYG
LLOYDS BANKING GROUP PLC
United Kingdom
$35.83B67,287,852,2040.55%0.00%
FBK
FB FINANCIAL CORP
United States
$1.69B46,843,40065.03%25.71%Net BuyingNet Buying
HDB
HDFC BANK LTD
India
$100.52B5,579,742,7865.95%0.00%
EGBN
EAGLE BANCORP INC
United States
$711.35M29,926,18270.15%29.85%Net SellingNet Selling
CVCY
CENTRAL VALLEY COMMUNITY BANCORP
United States
$211.96M11,814,88337.89%62.11%Net BuyingNet Buying
PPBI
PACIFIC PREMIER BANCORP INC
United States
$2.31B95,899,97292.89%6.10%Net SellingNet Selling
PLBC
PLUMAS BANCORP
United States
$200.00M5,870,22337.58%54.06%Net BuyingNet Buying
BKU
BANKUNITED INC
United States
$2.01B74,371,13062.66%37.34%Net Selling
IBCP
INDEPENDENT BANK CORP
United States
$511.63M20,840,31879.63%5.73%Net SellingNet Selling
SPFI
SOUTH PLAINS FINANCIAL INC
United States
$434.31M16,482,27930.98%54.11%Net SellingNet Selling
FITB
FIFTH THIRD BANCORP
United States
$22.81B681,016,61683.69%6.53%Net BuyingNet Selling
INDB
INDEPENDENT BANK CORP
United States
$2.32B43,853,30780.62%6.31%Net SellingNet Selling
FHB
FIRST HAWAIIAN INC
United States
$2.73B127,612,08352.06%47.94%Net SellingNet Selling
OPBK
OP BANCORP
United States
$152.99M14,999,20344.98%27.18%Net BuyingNet Buying
OFG
OFG BANCORP
Puerto Rico
$1.68B47,057,80689.94%10.06%Net SellingNet Selling
FBMS
FIRST BANCSHARES INC
United States
$760.16M31,090,23262.90%12.39%Net Selling
BFST
BUSINESS FIRST BANCSHARES INC
United States
$556.56M25,344,16845.61%26.94%Net BuyingNet Buying
HOMB
HOME BANCSHARES INC
United States
$4.72B201,771,40564.06%35.94%Net SellingNet Selling
HWC
HANCOCK WHITNEY CORP
United States
$3.78B86,151,16581.55%7.61%Net BuyingNet Buying
OPOF
OLD POINT FINANCIAL CORP
United States
$85.04M5,038,06633.40%46.99%Net BuyingNet Buying
TBBK
BANCORP INC
United States
$2.34B53,655,73487.01%12.99%Net SellingNet Selling
NECB
NORTHEAST COMMUNITY BANCORP INC
United States
$231.68M14,196,35940.85%56.89%Net SellingNet Selling
ACNB
ACNB CORP
United States
$308.66M8,507,70832.33%6.32%Net BuyingNet Selling
FNCB
FNCB BANCORP INC
United States
$116.72M19,783,03113.33%32.88%Net BuyingNet Buying
MPB
MID PENN BANCORP INC
United States
$350.54M16,668,56943.09%33.10%Net BuyingNet Buying
BSVN
BANK7 CORP
United States
$253.64M9,186,3468.63%91.37%Net SellingNet Selling
MNSB
MAINSTREET BANCSHARES INC
United States
$136.32M7,527,29555.11%10.74%Net BuyingNet Buying
FCBC
FIRST COMMUNITY BANKSHARES INC
United States
$598.33M18,535,77030.83%69.17%Net Buying
CIB
BANCOLOMBIA SA
Colombia
$7.76B961,827,0002.50%0.00%
FULT
FULTON FINANCIAL CORP
United States
$2.51B164,190,63470.97%5.81%Net SellingNet Buying
INTR
INTER & CO INC
Brazil
$2.13B401,873,14617.54%0.00%
WSFS
WSFS FINANCIAL CORP
United States
$2.55B60,731,88487.64%10.19%Net BuyingNet Selling
STBA
S&T BANCORP INC
United States
$1.19B38,234,79765.07%6.06%Net BuyingNet Buying
FNB
FNB CORP
United States
$4.82B358,828,54279.15%1.64%Net SellingNet Selling
UBSI
UNITED BANKSHARES INC
United States
$4.65B134,933,01570.89%2.89%Net SellingNet Buying
BANC
BANC OF CALIFORNIA INC
United States
$824.90M57,444,23186.42%13.58%Net SellingNet Selling
ZION
ZIONS BANCORPORATION NATIONAL ASSOCIATION
United States
$5.87B148,148,79979.07%4.13%Net BuyingNet Buying
TRST
TRUSTCO BANK CORP N Y
United States
$528.12M19,024,43368.48%26.65%Net BuyingNet Buying
SNV
SYNOVUS FINANCIAL CORP
United States
$5.42B146,241,89083.81%11.43%Net BuyingNet Selling
SMMF
SUMMIT FINANCIAL GROUP INC
United States
$392.55M14,674,85235.67%27.39%Net Buying

Bank Stocks FAQ

What are the best bank stocks to buy right now in Feb 2024?

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 59, which is 24 points higher than the bank industry average of 35. It passed 20 out of 38 due diligence checks and has strong fundamentals. Heritage Commerce has seen its stock lose -32.76% over the past year, underperforming other bank stocks by -28 percentage points.

Heritage Commerce has an average 1 year price target of $11.00, an upside of 33.01% from Heritage Commerce's current stock price of $8.27.

Heritage Commerce stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Heritage Commerce, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% 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 58, which is 23 points higher than the bank industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Webster Financial has seen its stock lose -12.43% over the past year, underperforming other bank stocks by -8 percentage points.

Webster Financial has an average 1 year price target of $58.70, an upside of 24.5% from Webster Financial's current stock price of $47.15.

Webster Financial stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Webster Financial, 50% have issued a Strong Buy rating, 40% have issued a Buy, 10% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Third Coast Bancshares (NASDAQ:TCBX)


Third Coast Bancshares (NASDAQ:TCBX) is the third best bank stock with a Zen Score of 57, which is 22 points higher than the bank industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Third Coast Bancshares has seen its stock return 1.49% over the past year, overperforming other bank stocks by 6 percentage points.

Third Coast Bancshares has an average 1 year price target of $22.67, an upside of 18.68% from Third Coast Bancshares's current stock price of $19.10.

Third Coast Bancshares stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Third Coast Bancshares, 33.33% have issued a Strong Buy rating, 66.67% 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 278 bank stocks that have issued dividends in the past year, the 3 bank stocks with the highest dividend yields are:

1. New York Community Bancorp (NYSE:NYCB)


New York Community Bancorp (NYSE:NYCB) has an annual dividend yield of 12.44%, which is 9 percentage points higher than the bank industry average of 3.68%. 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 17% indicates that its high dividend yield is sustainable for the long-term.

2. Bancolombia Sa (NYSE:CIB)


Bancolombia Sa (NYSE:CIB) has an annual dividend yield of 10.42%, which is 7 percentage points higher than the bank industry average of 3.68%. 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 47.9% indicates that its high dividend yield is sustainable for the long-term.

3. Bank Of Chile (NYSE:BCH)


Bank Of Chile (NYSE:BCH) has an annual dividend yield of 8.88%, which is 5 percentage points higher than the bank industry average of 3.68%. Bank Of Chile's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Bank Of Chile's dividend has shown consistent growth over the last 10 years.

Bank Of Chile's dividend payout ratio of 58.5% indicates that its high dividend yield is sustainable for the long-term.

Why are bank stocks down?

Bank stocks were down -0.37% in the last day, and up 0.57% 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. Baycom (NASDAQ:BCML)


Baycom (NASDAQ:BCML) is the most undervalued bank stock based on WallStreetZen's Valuation Score. Baycom has a valuation score of 100, which is 47 points higher than the bank industry average of 53. It passed 7 out of 7 valuation due diligence checks.

Baycom's stock has gained 1.47% in the past year. It has overperformed other stocks in the bank industry by 6 percentage points.

2. Bogota Financial (NASDAQ:BSBK)


Bogota Financial (NASDAQ:BSBK) is the second most undervalued bank stock based on WallStreetZen's Valuation Score. Bogota Financial has a valuation score of 100, which is 47 points higher than the bank industry average of 53. It passed 7 out of 7 valuation due diligence checks.

Bogota Financial's stock has dropped -32.09% in the past year. It has underperformed other stocks in the bank industry by -28 percentage points.

3. Third Coast Bancshares (NASDAQ:TCBX)


Third Coast Bancshares (NASDAQ:TCBX) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Third Coast Bancshares has a valuation score of 100, which is 47 points higher than the bank industry average of 53. It passed 7 out of 7 valuation due diligence checks.

Third Coast Bancshares's stock has gained 1.49% in the past year. It has overperformed other stocks in the bank industry by 6 percentage points.

Are bank stocks a good buy now?

32.51% of bank stocks rated by analysts are a strong buy right now. On average, analysts expect bank stocks to rise by 12.2% 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 -7.62x.
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.