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 76, which is 44 points higher than the financial sector average of 32. It passed 25 out of 33 due diligence checks and has strong fundamentals. Marathon Digital Holdings has seen its stock return 89.41% over the past year, overperforming other financial stocks by 67 percentage points.

Marathon Digital Holdings has an average 1 year price target of $21.90, an upside of 21.2% from Marathon Digital Holdings's current stock price of $18.07.

Marathon Digital Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Marathon Digital Holdings, 20% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Noah Holdings (NYSE:NOAH) is the second 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 -7.4% over the past year, underperforming other financial stocks by -30 percentage points.

Selective Insurance Group (NASDAQ:SIGI) is the third best financial stock with a Zen Score of 64, which is 32 points higher than the financial sector average of 32. It passed 23 out of 38 due diligence checks and has strong fundamentals. Selective Insurance Group has seen its stock lose -6.04% over the past year, underperforming other financial stocks by -29 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 13.12% from Selective Insurance Group's current stock price of $96.80.

Selective Insurance Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Selective Insurance Group, 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.

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

Scully Royalty (NYSE:SRL) has an annual dividend yield of N/A, which is N/A percentage points lower than the financial sector average of 4.14%. Scully Royalty's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Scully Royalty's dividend has shown consistent growth over the last 10 years.

Scully Royalty's dividend payout ratio of 260.7% indicates that its dividend yield might not be sustainable for the long-term.

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 4.14%.

Blue Ridge Bankshares's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

Mbia (NYSE:MBI) has an annual dividend yield of 132.01%, which is 128 percentage points higher than the financial sector average of 4.14%. 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 -78.7% indicates that its high dividend yield might not be sustainable for the long-term.

Financial stocks were up 0.39% in the last day, and up 0.87% over the last week. Schwab Charles was the among the top gainers in the financial services sector, gaining 3.17% yesterday.

Schwab shares are trading higher after the company reported total net new assets of $10 billion in April.

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 60 points higher than the financial sector average of 40. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 51.38% in the past year. It has overperformed other stocks in the financial sector by 29 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 60 points higher than the financial sector average of 40. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 77.66% in the past year. It has overperformed other stocks in the financial sector by 55 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 60 points higher than the financial sector average of 40. It passed 7 out of 7 valuation due diligence checks.

Southern Missouri Bancorp's stock has gained 30.84% in the past year. It has overperformed other stocks in the financial sector by 8 percentage points.