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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)
CBFV
CB FINANCIAL SERVICES INC
United States
$111.61M5,143,12333.38%16.34%Net Buying
WBS
WEBSTER FINANCIAL CORP
United States
$8.73B171,753,09786.46%4.75%Net SellingNet Selling
ORRF
ORRSTOWN FINANCIAL SERVICES INC
United States
$281.01M10,705,07744.25%11.18%Net SellingNet Selling
MTB
M&T BANK CORP
United States
$24.13B166,624,29184.70%8.52%Net SellingNet Selling
MVBF
MVB FINANCIAL CORP
United States
$280.50M12,837,38347.62%24.62%Net Buying
BBD
BANK BRADESCO
Brazil
$30.97B10,642,170,2288.73%0.00%
SMBC
SOUTHERN MISSOURI BANCORP INC
United States
$496.70M11,355,76249.47%24.54%Net BuyingNet Buying
TCBX
THIRD COAST BANCSHARES INC
United States
$270.10M13,607,10736.86%8.74%Net BuyingNet Buying
OVLY
OAK VALLEY BANCORP
United States
$204.92M8,293,16830.84%33.33%Net SellingNet Buying
ITUB
ITAU UNIBANCO HOLDING SA
Brazil
$68.04B9,804,135,3488.54%0.00%
FCNCA
FIRST CITIZENS BANCSHARES INC
United States
$23.48B14,524,61537.81%62.19%Net SellingNet Selling
FUSB
FIRST US BANCSHARES INC
United States
$52.89M5,787,11815.86%17.88%Net BuyingNet Selling
WABC
WESTAMERICA BANCORPORATION
United States
$1.30B26,671,21576.23%17.00%Net SellingNet Selling
CASH
PATHWARD FINANCIAL INC
United States
$1.28B25,490,77588.39%11.61%Net SellingNet Selling
SBCF
SEACOAST BANKING CORP OF FLORIDA
United States
$2.15B84,889,09262.14%37.86%Net BuyingNet Selling
FITB
FIFTH THIRD BANCORP
United States
$25.03B681,221,88683.79%6.57%Net SellingNet Selling
CFG
CITIZENS FINANCIAL GROUP INC
United States
$16.43B458,756,72394.65%1.12%Net SellingNet Selling
CCBG
CAPITAL CITY BANK GROUP INC
United States
$468.82M16,943,23820.65%79.35%Net BuyingNet Buying
ESQ
ESQUIRE FINANCIAL HOLDINGS INC
United States
$385.76M8,204,18654.63%34.10%Net SellingNet Selling
PFC
PREMIER FINANCIAL CORP
United States
$714.59M35,729,69466.08%4.55%Net SellingNet Selling
BMA
MACRO BANK INC
Argentina
$3.30B639,413,4080.46%0.00%
HBAN
HUNTINGTON BANCSHARES INC
United States
$19.97B1,448,345,86380.81%2.25%Net SellingNet Selling
BY
BYLINE BANCORP INC
United States
$959.03M44,378,79232.47%67.53%Net BuyingNet Buying
OSBC
OLD SECOND BANCORP INC
United States
$617.36M44,801,27867.76%10.18%Net SellingNet Selling
VLY
VALLEY NATIONAL BANCORP
United States
$4.02B508,884,64560.99%17.48%Net BuyingNet Buying
TBBK
BANCORP INC
United States
$1.78B52,748,98587.06%12.94%Net SellingNet Selling
SPFI
SOUTH PLAINS FINANCIAL INC
United States
$437.77M16,432,85131.07%53.42%Net SellingNet Selling
ABCB
AMERIS BANCORP
United States
$3.32B69,030,16792.09%7.91%Net SellingNet Selling
MCB
METROPOLITAN BANK HOLDING CORP
United States
$421.98M11,090,22979.83%11.38%Net BuyingNet Selling
MSBI
MIDLAND STATES BANCORP INC
United States
$533.73M21,503,98961.39%13.98%Net BuyingNet Buying
RVSB
RIVERVIEW BANCORP INC
United States
$99.64M21,111,04364.58%30.76%Net BuyingNet Buying
CBAN
COLONY BANKCORP INC
United States
$195.95M17,558,61152.99%19.26%Net SellingNet Buying
FBK
FB FINANCIAL CORP
United States
$1.76B46,858,26765.37%25.82%Net BuyingNet Buying
INTR
INTER & CO INC
Brazil
$2.35B401,873,14617.54%0.00%
USB
US BANCORP
United States
$68.56B1,558,133,43177.70%19.88%Net SellingNet Selling
QCRH
QCR HOLDINGS INC
United States
$1.00B16,792,88069.97%11.13%Net BuyingNet Buying
MCBC
MACATAWA BANK CORP
United States
$333.31M34,361,56242.52%28.74%Net Selling
IFS
INTERCORP FINANCIAL SERVICES INC
Peru
$2.76B115,447,0007.78%22.83%
CFR
CULLEN/FROST BANKERS INC
United States
$7.15B64,202,89181.17%10.94%Net SellingNet Selling
VBTX
VERITEX HOLDINGS INC
United States
$1.12B54,495,32688.26%8.86%Net SellingNet Selling
BKU
BANKUNITED INC
United States
$2.10B74,371,13062.73%37.27%Net SellingNet Selling
SNV
SYNOVUS FINANCIAL CORP
United States
$5.83B146,399,32483.81%11.42%Net BuyingNet Buying
HTBK
HERITAGE COMMERCE CORP
United States
$521.78M61,169,47373.09%22.11%Net BuyingNet Buying
SMMF
SUMMIT FINANCIAL GROUP INC
United States
$378.55M14,683,72935.73%27.37%Net Buying
ONB
OLD NATIONAL BANCORP
United States
$5.10B292,704,00083.60%1.68%Net SellingNet Selling
PLBC
PLUMAS BANCORP
United States
$215.15M5,894,39537.43%54.92%Net BuyingNet Buying
EBC
EASTERN BANKSHARES INC
United States
$2.42B176,426,99363.17%1.68%Net SellingNet Selling
ASB
ASSOCIATED BANC-CORP
United States
$3.21B151,087,72682.92%4.95%Net BuyingNet Buying
FSBW
FS BANCORP INC
United States
$263.21M7,805,79557.85%11.19%Net SellingNet Buying
INDB
INDEPENDENT BANK CORP
United States
$2.24B42,445,92083.32%6.59%Net BuyingNet Selling
FFBC
FIRST FINANCIAL BANCORP
United States
$2.12B95,074,32577.15%4.46%Net SellingNet Selling
CIVB
CIVISTA BANCSHARES INC
United States
$239.07M15,687,16252.08%24.58%Net BuyingNet Buying
WSFS
WSFS FINANCIAL CORP
United States
$2.71B60,280,04088.33%10.32%Net BuyingNet Buying
UBFO
UNITED SECURITY BANCSHARES
United States
$129.93M17,255,50530.67%69.17%Net SellingNet Buying
MPB
MID PENN BANCORP INC
United States
$336.04M16,668,56943.09%33.11%Net BuyingNet Buying
HDB
HDFC BANK LTD
India
$103.40B5,579,742,7865.87%0.00%
PEBO
PEOPLES BANCORP INC
United States
$1.03B35,493,15255.46%7.10%Net BuyingNet Buying
KEY
KEYCORP
United States
$14.61B933,841,69279.52%1.19%Net SellingNet Selling
BFST
BUSINESS FIRST BANCSHARES INC
United States
$566.72M25,356,39347.34%26.91%Net BuyingNet Buying
BCAL
SOUTHERN CALIFORNIA BANCORP
United States
$273.34M18,431,40941.46%58.54%Net BuyingNet Buying
RF
REGIONS FINANCIAL CORP
United States
$19.00B918,864,04879.36%2.11%Net Selling
OPBK
OP BANCORP
United States
$149.84M14,999,20344.98%27.18%Net BuyingNet Buying
FBIZ
FIRST BUSINESS FINANCIAL SERVICES INC
United States
$304.60M8,306,54362.15%23.18%Net BuyingNet Selling
IBOC
INTERNATIONAL BANCSHARES CORP
United States
$3.47B62,168,23262.79%37.21%Net SellingNet Selling
STBA
S&T BANCORP INC
United States
$1.21B38,233,36565.11%6.06%Net BuyingNet Buying
FRAF
FRANKLIN FINANCIAL SERVICES CORP
United States
$113.98M4,383,72024.78%13.29%Net BuyingNet Buying
CZWI
CITIZENS COMMUNITY BANCORP INC
United States
$127.05M10,456,88052.98%41.59%Net BuyingNet Buying
STEL
STELLAR BANCORP INC
United States
$1.30B53,297,19154.12%25.06%Net BuyingNet Buying
SYBT
STOCK YARDS BANCORP INC
United States
$1.38B29,333,36256.51%9.80%Net BuyingNet Buying
OPOF
OLD POINT FINANCIAL CORP
United States
$85.40M5,038,06633.40%46.99%Net Buying
ZION
ZIONS BANCORPORATION NATIONAL ASSOCIATION
United States
$6.39B148,155,31179.09%4.13%Net BuyingNet Buying
EFSC
ENTERPRISE FINANCIAL SERVICES CORP
United States
$1.51B37,466,58572.14%19.67%Net SellingNet Selling
NBHC
NATIONAL BANK HOLDINGS CORP
United States
$1.36B37,785,08186.50%13.50%Net SellingNet Selling
HOMB
HOME BANCSHARES INC
United States
$4.94B201,136,05264.07%35.93%Net SellingNet Buying
CMA
COMERICA INC
United States
$7.18B132,489,66780.61%3.20%Net SellingNet Buying
BSAC
BANCO SANTANDER CHILE
Chile
$11.17B188,446,126,7940.02%0.00%
FISI
FINANCIAL INSTITUTIONS INC
United States
$287.22M15,408,58060.42%10.73%Net BuyingNet Selling
BWFG
BANKWELL FINANCIAL GROUP INC
United States
$203.04M7,937,47735.77%39.11%Net SellingNet Selling
LARK
LANDMARK BANCORP INC
United States
$107.19M5,468,86715.85%26.47%Net Buying
CCB
COASTAL FINANCIAL CORP
United States
$514.69M13,382,51559.23%32.26%Net SellingNet Buying
PBFS
PIONEER BANCORP INC
United States
$257.18M25,977,67924.00%0.02%
OFG
OFG BANCORP
Puerto Rico
$1.72B47,078,55690.00%10.00%Net SellingNet Selling
FXNC
FIRST NATIONAL CORP
United States
$101.74M6,260,93433.92%44.38%Net BuyingNet Selling
LOB
LIVE OAK BANCSHARES INC
United States
$1.85B44,769,23953.58%46.42%Net SellingNet Buying
BANF
BANCFIRST CORP
United States
$2.89B32,936,41037.83%62.17%Net BuyingNet Selling
WTFC
WINTRUST FINANCIAL CORP
United States
$6.43B61,472,81894.40%3.04%Net BuyingNet Buying
FINW
FINWISE BANCORP
United States
$128.32M12,818,94422.13%37.25%Net BuyingNet Buying
UNTY
UNITY BANCORP INC
United States
$282.43M10,141,04724.09%75.91%Net BuyingNet Buying
FCAP
FIRST CAPITAL INC
United States
$96.87M3,350,66011.64%9.52%Net BuyingNet Buying
AX
AXOS FINANCIAL INC
United States
$3.04B56,898,60967.04%32.96%Net SellingNet Selling
PNFP
PINNACLE FINANCIAL PARTNERS INC
United States
$6.59B76,939,91987.44%5.10%Net SellingNet Selling
CIB
BANCOLOMBIA SA
Colombia
$8.41B961,827,0002.50%0.00%
DCOM
DIME COMMUNITY BANCSHARES INC
United States
$748.97M38,826,98175.34%11.67%Net SellingNet Selling
HBNC
HORIZON BANCORP INC
United States
$561.09M44,111,17464.46%15.30%Net SellingNet Selling
MBIN
MERCHANTS BANCORP
United States
$1.82B43,331,30426.80%73.20%Net SellingNet Selling
AVAL
GRUPO AVAL ACCIONES Y VALORES SA
Colombia
$2.68B23,743,475,7540.01%0.00%
RBCAA
REPUBLIC BANCORP INC
United States
$981.01M19,402,84816.37%83.63%Net BuyingNet Buying
BSRR
SIERRA BANCORP
United States
$288.07M14,788,12155.07%41.30%Net SellingNet Selling
PPBI
PACIFIC PREMIER BANCORP INC
United States
$2.30B95,863,11992.96%6.34%Net SellingNet Selling
FCF
FIRST COMMONWEALTH FINANCIAL CORP
United States
$1.41B102,244,62272.50%7.72%Net BuyingNet Selling

Bank Stocks FAQ

What are the best bank stocks to buy right now in Mar 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 27 points higher than the bank industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cb Financial Services has seen its stock return 0% 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 12.9% from Cb Financial Services's current stock price of $21.70.

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 25 points higher than the bank industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Webster Financial has seen its stock return 30.58% over the past year, overperforming other bank stocks by 16 percentage points.

Webster Financial has an average 1 year price target of $60.10, an upside of 18.28% from Webster Financial's current stock price of $50.81.

Webster Financial stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Webster Financial, 60% have issued a Strong Buy rating, 30% have issued a Buy, 10% 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 24 points higher than the bank industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Orrstown Financial Services has seen its stock return 32.18% over the past year, overperforming other bank stocks by 18 percentage points.

Orrstown Financial Services has an average 1 year price target of $32.00, an upside of 21.9% from Orrstown Financial Services's current stock price of $26.25.

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 277 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 16.77%, which is 13 percentage points higher than the bank industry average of 3.66%. 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.

2. Bancolombia Sa (NYSE:CIB)


Bancolombia Sa (NYSE:CIB) has an annual dividend yield of 9.61%, which is 6 percentage points higher than the bank industry average of 3.66%. 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.

3. Grupo Aval Acciones Y Valores Sa (NYSE:AVAL)


Grupo Aval Acciones Y Valores Sa (NYSE:AVAL) has an annual dividend yield of 9.13%, which is 5 percentage points higher than the bank industry average of 3.66%. Grupo Aval Acciones Y Valores Sa's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Grupo Aval Acciones Y Valores Sa's dividend has not shown consistent growth over the last 10 years.

Grupo Aval Acciones Y Valores Sa's dividend payout ratio of 61.9% indicates that its high dividend yield is sustainable for the long-term.

Why are bank stocks up?

Bank stocks were up 2.62% in the last day, and up 1.65% 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 51 points higher than the bank industry average of 49. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 29.83% in the past year. It has overperformed other stocks in the bank industry by 16 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 51 points higher than the bank industry average of 49. It passed 7 out of 7 valuation due diligence checks.

Hanover Bancorp's stock has dropped -17.4% in the past year. It has underperformed other stocks in the bank industry by -32 percentage points.

3. Midland States Bancorp (NASDAQ:MSBI)


Midland States Bancorp (NASDAQ:MSBI) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Midland States Bancorp has a valuation score of 100, which is 51 points higher than the bank industry average of 49. It passed 7 out of 7 valuation due diligence checks.

Midland States Bancorp's stock has gained 13.18% in the past year. It has underperformed other stocks in the bank industry by -1 percentage points.

Are bank stocks a good buy now?

34.33% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 9.14% 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 -10.57x.
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.