Sectors & IndustriesFinancial Services

Best Financial Stocks to Buy Now (2024)

Top financial stocks in 2024 ranked by overall Zen Score. See the best financial stocks to buy now, according to analyst forecasts for the financial services sector.

According to Zen Score, the 3 best financial service stocks to buy right now are:

Marathon Digital Holdings (NASDAQ:MARA) is the top financial stock with a Zen Score of 70, which is 38 points higher than the financial sector average of 32. It passed 23 out of 33 due diligence checks and has strong fundamentals. Marathon Digital Holdings has seen its stock return 121.54% over the past year, overperforming other financial stocks by 100 percentage points.

Marathon Digital Holdings has an average 1 year price target of $27.13, an upside of 31.23% from Marathon Digital Holdings's current stock price of $20.67.

Marathon Digital Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Marathon Digital Holdings, 25% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a Hold, while 0% have issued a Sell rating, and 25% have issued a Strong Sell.

Assetmark Financial Holdings (NYSE:AMK) is the second best financial stock with a Zen Score of 66, which is 34 points higher than the financial sector average of 32. It passed 21 out of 33 due diligence checks and has strong fundamentals. Assetmark Financial Holdings has seen its stock return 26.88% over the past year, overperforming other financial stocks by 5 percentage points.

Assetmark Financial Holdings has an average 1 year price target of $36.67, an upside of 7.88% from Assetmark Financial Holdings's current stock price of $33.99.

Assetmark Financial Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Assetmark Financial Holdings, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Noah Holdings (NYSE:NOAH) is the third best financial stock with a Zen Score of 65, which is 33 points higher than the financial sector average of 32. It passed 24 out of 38 due diligence checks and has strong fundamentals. Noah Holdings has seen its stock lose -4.86% over the past year, underperforming other financial stocks by -26 percentage points.

Noah Holdings has an average 1 year price target of $18.00, an upside of 27.75% from Noah Holdings's current stock price of $14.09.

Noah Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Noah Holdings, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 467 financial stocks that have issued dividends in the past year, the 3 financial stocks with the highest dividend yields are:

Blue Ridge Bankshares (NYSEMKT:BRBS) has an annual dividend yield of N/A, which is N/A percentage points lower than the financial sector average of 4.15%.

Blue Ridge Bankshares's dividend payout ratio of -4.5% indicates that its dividend yield might not be sustainable for the long-term.

Mbia (NYSE:MBI) has an annual dividend yield of 121.77%, which is 118 percentage points higher than the financial sector average of 4.15%. Mbia's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Mbia's dividend has not shown consistent growth over the last 10 years.

Mbia's dividend payout ratio of -78.6% indicates that its high dividend yield might not be sustainable for the long-term.

Investcorp Credit Management Bdc (NASDAQ:ICMB) has an annual dividend yield of 19.38%, which is 15 percentage points higher than the financial sector average of 4.15%. Investcorp Credit Management Bdc's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Investcorp Credit Management Bdc's dividend has not shown consistent growth over the last 10 years.

Investcorp Credit Management Bdc's dividend payout ratio of -242.3% indicates that its high dividend yield might not be sustainable for the long-term.

Financial stocks were up 1.22% in the last day, and up 2.77% over the last week. Marathon Digital Holdings was the among the top gainers in the financial services sector, gaining 17.98% yesterday.

Shares of crypto-related stocks are trading lower amid a flat crypto market on Tuesday. Also, miners may be impacted by the recent halving.

Based on WallStreetZen's Valuation Score, the 3 most undervalued financial stocks right now are:

First Us Bancshares (NASDAQ:FUSB) is the most undervalued financial stock based on WallStreetZen's Valuation Score. First Us Bancshares has a valuation score of 100, which is 59 points higher than the financial sector average of 41. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 46.38% in the past year. It has overperformed other stocks in the financial sector by 25 percentage points.

International General Insurance Holdings (NASDAQ:IGIC) is the second most undervalued financial stock based on WallStreetZen's Valuation Score. International General Insurance Holdings has a valuation score of 100, which is 59 points higher than the financial sector average of 41. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 59.76% in the past year. It has overperformed other stocks in the financial sector by 38 percentage points.

Southern Missouri Bancorp (NASDAQ:SMBC) is the third most undervalued financial stock based on WallStreetZen's Valuation Score. Southern Missouri Bancorp has a valuation score of 100, which is 59 points higher than the financial sector average of 41. It passed 7 out of 7 valuation due diligence checks.

Southern Missouri Bancorp's stock has gained 30.16% in the past year. It has overperformed other stocks in the financial sector by 9 percentage points.