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 Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
CLST	CATALYST BANCORP INC	United States	$53.49M	4,560,287	19.11%	7.01%	Net Buying
BSBR	BANCO SANTANDER (BRASIL) SA	Brazil	$41.32B	7,444,145,657	7.26%	0.00%
BMA	MACRO BANK INC	Argentina	$4.05B	639,413,408	0.46%	0.00%
SFST	SOUTHERN FIRST BANCSHARES INC	United States	$228.29M	8,156,109	77.30%	12.84%	Net Buying	Net Selling
FSBC	FIVE STAR BANCORP	United States	$479.28M	21,320,083	37.48%	40.60%	Net Buying	Net Buying
NYCB	NEW YORK COMMUNITY BANCORP INC	United States	$2.86B	797,921,126	62.62%	9.76%	Net Buying	Net Buying
BWB	BRIDGEWATER BANCSHARES INC	United States	$326.30M	27,373,972	47.28%	21.32%	Net Buying	Net Selling
TFC	TRUIST FINANCIAL CORP	United States	$52.32B	1,338,096,145	71.12%	1.00%	Net Selling	Net Selling
MYFW	FIRST WESTERN FINANCIAL INC	United States	$171.45M	9,621,310	55.98%	24.05%	Net Selling	Net Selling
AMTB	AMERANT BANCORP INC	United States	$779.85M	33,715,834	41.84%	6.85%	Net Selling	Net Selling
CULL	CULLMAN BANCORP INC	United States	$74.18M	7,265,689	12.05%	17.73%	Net Buying
TBNK	TERRITORIAL BANCORP INC	United States	$74.50M	8,826,613	40.10%	12.34%	Net Selling	Net Selling
FFNW	FIRST FINANCIAL NORTHWEST INC	United States	$190.74M	9,174,425	40.67%	17.40%	Net Buying	Net Selling
SHFS	SHF HOLDINGS INC	United States	$43.68M	55,430,976	13.54%	58.29%	Net Buying
BSBK	BOGOTA FINANCIAL CORP	United States	$89.33M	13,246,147	7.91%	3.84%	Net Buying	Net Buying
BANC	BANC OF CALIFORNIA INC	United States	$2.35B	157,271,581	86.69%	13.31%	Net Selling	Net Buying
LNKB	LINKBANCORP INC	United States	$235.67M	37,348,151	28.21%	33.67%	Net Buying
JMSB	JOHN MARSHALL BANCORP INC	United States	$250.69M	14,171,106	39.23%	13.15%	Net Buying	Net Buying
CFFN	CAPITOL FEDERAL FINANCIAL INC	United States	$683.38M	133,732,975	63.78%	36.22%	Net Buying	Net Buying
CLBK	COLUMBIA FINANCIAL INC	United States	$1.67B	104,921,729	12.72%	63.32%	Net Buying	Net Selling
PDLB	PONCE FINANCIAL GROUP INC	United States	$206.21M	23,811,732	46.49%	9.47%	Net Buying
BHRB	BURKE & HERBERT FINANCIAL SERVICES CORP	United States	$366.94M	7,440,025	26.29%	23.96%	Net Buying	Net Buying
SBT	STERLING BANCORP INC	United States	$262.99M	52,025,988	15.03%	84.97%	Net Buying	Net Selling
TFIN	TRIUMPH FINANCIAL INC	United States	$1.74B	23,334,719	85.68%	14.32%	Net Selling	Net Selling
CPBI	CENTRAL PLAINS BANCSHARES INC	United States	$41.85M	4,130,815	14.48%	5.44%
WF	WOORI FINANCIAL GROUP INC	Republic Of Korea	$7.97B	751,895,516	0.66%	0.00%
GBNY	GENERATIONS BANCORP NY INC	United States	$22.64M	2,241,801	27.09%	11.78%	Net Buying
HONE	HARBORONE BANCORP INC	United States	$486.07M	44,675,732	55.77%	4.55%	Net Buying	Net Buying
CFSB	CFSB BANCORP INC	United States	$44.37M	6,632,642	1.39%	58.98%	Net Buying	Net Buying
MFG	MIZUHO FINANCIAL GROUP INC	Japan	$50.02B	2,539,249,894	3.20%	0.00%
WMPN	WILLIAM PENN BANCORPORATION	United States	$114.64M	9,435,604	20.64%	10.45%	Net Selling
BCOW	1895 BANCORP OF WISCONSIN INC	United States	$42.68M	6,002,335	28.88%	50.42%	Net Buying
BRBS	BLUE RIDGE BANKSHARES INC	United States	$62.97M	22,982,622	48.77%	15.39%	Net Buying
FSEA	FIRST SEACOAST BANCORP INC	United States	$44.32M	5,077,164	30.22%	4.44%	Net Buying
NSTS	NSTS BANCORP INC	United States	$51.13M	5,315,261	15.55%	8.10%
CARV	CARVER BANCORP INC	United States	$8.28M	4,985,612	18.18%	4.64%	Net Buying	Net Buying
SRBK	SR BANCORP INC	United States	$87.95M	9,507,930	15.72%	2.75%	Net Buying	Net Buying
BLFY	BLUE FOUNDRY BANCORP	United States	$226.34M	24,338,092	48.45%	4.63%	Net Selling	Net Selling
FFWM	FIRST FOUNDATION INC	United States	$313.64M	56,511,864	73.01%	25.42%	Net Selling	Net Selling
HMST	HOMESTREET INC	United States	$196.87M	18,857,566	75.69%	18.56%	Net Buying	Net Buying
TCBS	TEXAS COMMUNITY BANCSHARES INC	United States	$45.40M	3,187,881	7.73%	22.76%	Net Buying	Net Buying
KFFB	KENTUCKY FIRST FEDERAL BANCORP	United States	$29.61M	8,086,715	3.16%	70.03%
PNBK	PATRIOT NATIONAL BANCORP INC	United States	$13.84M	3,976,073	14.20%	85.80%

Bank Stocks FAQ

What are the best bank stocks to buy right now in May 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 63, which is 31 points higher than the bank industry average of 32. It passed 23 out of 38 due diligence checks and has strong fundamentals. Webster Financial has seen its stock return 37.91% over the past year, overperforming other bank stocks by 9 percentage points.

Webster Financial has an average 1 year price target of $59.00, an upside of 28.4% from Webster Financial's current stock price of $45.95.

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. Hdfc Bank (NYSE:HDB)

Hdfc Bank (NYSE:HDB) is the second best bank stock with a Zen Score of 57, which is 25 points higher than the bank industry average of 32. It passed 22 out of 38 due diligence checks and has strong fundamentals. Hdfc Bank has seen its stock lose -16.15% over the past year, underperforming other bank stocks by -45 percentage points.

3. Seacoast Banking Of Florida (NASDAQ:SBCF)

Seacoast Banking Of Florida (NASDAQ:SBCF) is the third best bank stock with a Zen Score of 57, which is 25 points higher than the bank industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Seacoast Banking Of Florida has seen its stock return 24.15% over the past year, underperforming other bank stocks by -5 percentage points.

Seacoast Banking Of Florida has an average 1 year price target of $26.63, an upside of 8.81% from Seacoast Banking Of Florida's current stock price of $24.47.

Seacoast Banking Of Florida stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Seacoast Banking Of Florida, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% 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 3.69%.

Blue Ridge Bankshares's dividend payout ratio of 0% 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 10.86%, which is 7 percentage points higher than the bank industry average of 3.69%. 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 10.39%, which is 7 percentage points higher than the bank industry average of 3.69%. 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 0.48% in the last day, and up 2.22% 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. Richmond Mutual Bancorporation (NASDAQ:RMBI)

Richmond Mutual Bancorporation (NASDAQ:RMBI) is the most undervalued bank stock based on WallStreetZen's Valuation Score. Richmond Mutual Bancorporation has a valuation score of 100, which is 54 points higher than the bank industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Richmond Mutual Bancorporation's stock has gained 23.13% in the past year. It has underperformed 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 54 points higher than the bank industry average of 46. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 52.14% in the past year. It has overperformed other stocks in the bank industry by 23 percentage points.

3. Princeton Bancorp (NASDAQ:BPRN)

Princeton Bancorp (NASDAQ:BPRN) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Princeton Bancorp has a valuation score of 100, which is 54 points higher than the bank industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Princeton Bancorp's stock has gained 19.29% in the past year. It has underperformed other stocks in the bank industry by -10 percentage points.

Are bank stocks a good buy now?

39.61% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 10.63% 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 -9.41x.

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.