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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
SMBC
SOUTHERN MISSOURI BANCORP INC
$495.09M1.93%17.90%$0.2100$0.8440%02024-05-31
SBCF
SEACOAST BANKING CORP OF FLORIDA
$2.07B2.95%51.40%$0.1800$0.7256%02024-06-142024-06-28
HDB
HDFC BANK LTD
$105.50B1.23%21.50%$0.6968$0.7025%1
WBS
WEBSTER FINANCIAL CORP
$8.00B3.43%32.70%$0.4000$1.6063%0
CBFV
CB FINANCIAL SERVICES INC
$117.09M4.39%22.70%$0.2500$1.0074%02024-05-31
ORRF
ORRSTOWN FINANCIAL SERVICES INC
$286.78M2.99%23.70%$0.2000$0.8056%0
BLX
FOREIGN TRADE BANK OF LATIN AMERICA INC
$1.12B4.89%27.50%$0.5000$1.5080%1
FUSB
FIRST US BANCSHARES INC
$57.83M2.00%14.00%$0.0500$0.2041%0
SPFI
SOUTH PLAINS FINANCIAL INC
$449.73M1.94%13.80%$0.1400$0.5340%0
PFC
PREMIER FINANCIAL CORP
$762.82M5.82%50.00%$0.3100$1.2485%0
CASH
PATHWARD FINANCIAL INC
$1.37B0.37%3.00%$0.0500$0.206%02024-06-112024-07-01
MTB
M&T BANK CORP
$25.66B3.38%35.00%$1.3000$5.2062%0
CCBG
CAPITAL CITY BANK GROUP INC
$476.95M2.81%25.60%$0.2100$0.7954%0
ASB
ASSOCIATED BANC-CORP
$3.36B3.86%86.90%$0.2200$0.8669%02024-06-032024-06-17
RF
REGIONS FINANCIAL CORP
$18.48B4.56%50.00%$0.2400$0.9276%02024-06-032024-07-01
CFG
CITIZENS FINANCIAL GROUP INC
$16.91B4.52%60.20%$0.4200$1.6876%0
VLY
VALLEY NATIONAL BANCORP
$4.03B5.56%51.80%$0.1100$0.4483%0
OSBC
OLD SECOND BANCORP INC
$669.10M1.34%10.00%$0.0500$0.2027%0
BY
BYLINE BANCORP INC
$1.06B1.50%13.10%$0.0900$0.3631%02024-05-21
WABC
WESTAMERICA BANCORPORATION
$1.34B3.49%29.70%$0.4400$1.7664%0
HBAN
HUNTINGTON BANCSHARES INC
$20.59B4.36%55.40%$0.1550$0.6274%02024-06-172024-07-01
KEY
KEYCORP
$14.52B5.32%103.80%$0.2050$0.8283%02024-05-242024-06-14
TCBX
THIRD COAST BANCSHARES INC
$293.81MN/A0.00%N/AN/AN/AN/A
IBOC
INTERNATIONAL BANCSHARES CORP
$3.77B2.13%19.70%$0.6600$1.2943%0
SNV
SYNOVUS FINANCIAL CORP
$5.87B3.79%51.90%$0.3800$1.5268%0
CFB
CROSSFIRST BANKSHARES INC
$669.89MN/A0.00%N/AN/AN/AN/A
USB
US BANCORP
$64.65B4.68%64.50%$0.4900$1.9478%0
INDB
INDEPENDENT BANK CORP
$2.25B4.19%42.90%$0.5700$2.2273%0
ITUB
ITAU UNIBANCO HOLDING SA
$64.00B6.46%71.70%$0.0035$0.4287%402024-06-042024-06-10
MVBF
MVB FINANCIAL CORP
$243.80M3.59%35.60%$0.1700$0.6865%1
ABCB
AMERIS BANCORP
$3.49B1.19%14.60%$0.1500$0.6024%0
BFC
BANK FIRST CORP
$854.30M1.48%16.20%$0.3500$1.2531%12024-06-262024-07-10
TBBK
BANCORP INC
$1.74BN/A0.00%N/AN/AN/AN/A
MCB
METROPOLITAN BANK HOLDING CORP
$500.32MN/A0.00%N/AN/AN/AN/A
BKU
BANKUNITED INC
$2.24B3.68%47.40%$0.2900$1.1066%0
AX
AXOS FINANCIAL INC
$3.50BN/A0.00%N/AN/AN/AN/A
CFR
CULLEN/FROST BANKERS INC
$6.78B3.44%42.90%$0.9200$3.6363%02024-05-302024-06-14
RBCAA
REPUBLIC BANCORP INC
$1.06B2.81%31.90%$0.4070$1.5354%02024-06-212024-07-19
CMA
COMERICA INC
$7.27B5.18%56.10%$0.7100$2.8482%02024-06-142024-07-01
QCRH
QCR HOLDINGS INC
$1.01B0.40%3.60%$0.0600$0.246%0
CFBK
CF BANKSHARES INC
$119.87M1.28%9.90%$0.0600$0.2426%0
FSBW
FS BANCORP INC
$261.40M3.04%22.00%$0.2600$1.0257%12024-05-23
HFBL
HOME FEDERAL BANCORP INC OF LOUISIANA
$35.31M4.44%36.20%$0.1250$0.5075%0
PNFP
PINNACLE FINANCIAL PARTNERS INC
$6.41B1.06%12.50%$0.2200$0.8820%02024-05-31
OFG
OFG BANCORP
$1.78B2.41%23.20%$0.2500$0.9148%12024-06-282024-07-15
FBK
FB FINANCIAL CORP
$1.84B1.63%25.90%$0.1700$0.6434%02024-05-28
STEL
STELLAR BANCORP INC
$1.25B2.23%23.20%$0.1300$0.5245%0
IFS
INTERCORP FINANCIAL SERVICES INC
$2.69B4.30%45.10%$1.0000$1.0074%4
DCOM
DIME COMMUNITY BANCSHARES INC
$779.01M5.00%56.20%$0.2500$1.0080%0
CBAN
COLONY BANKCORP INC
$209.12M3.74%35.60%$0.1125$0.4567%02024-05-22
IBTX
INDEPENDENT BANK GROUP INC
$1.82B3.46%60.10%$0.3800$1.5263%0
FCNCA
FIRST CITIZENS BANCSHARES INC
$25.68B0.27%2.70%$1.6400$4.784%02024-05-312024-06-17
NBHC
NATIONAL BANK HOLDINGS CORP
$1.40B2.87%30.30%$0.2700$1.0655%02024-05-312024-06-14
PEBO
PEOPLES BANCORP INC
$1.08B5.15%46.30%$0.4000$1.5782%02024-05-20
OVLY
OAK VALLEY BANCORP
$206.73M1.56%11.50%$0.2250$0.3933%0
FBMS
FIRST BANCSHARES INC
$805.44M3.76%37.90%$0.2500$0.9767%02024-05-23
EFSC
ENTERPRISE FINANCIAL SERVICES CORP
$1.53B2.44%21.40%$0.2500$1.0048%02024-06-142024-06-28
EGBN
EAGLE BANCORP INC
$625.53M8.69%71.40%$0.4500$1.8093%0
AVAL
GRUPO AVAL ACCIONES Y VALORES SA
$2.93B7.91%126.10%$0.0106$0.2091%62024-06-032024-06-11
SHBI
SHORE BANCSHARES INC
$387.57M4.11%87.30%$0.1200$0.4872%02024-05-31
PPBI
PACIFIC PREMIER BANCORP INC
$2.30B5.54%942.90%$0.3300$1.3283%0
ACNB
ACNB CORP
$289.66M3.42%33.50%$0.3000$1.1663%02024-05-312024-06-14
LARK
LANDMARK BANCORP INC
$103.46M4.34%48.10%$0.2100$0.8274%02024-05-29
BOTJ
BANK OF THE JAMES FINANCIAL GROUP INC
$47.98M3.22%17.30%$0.1000$0.3460%12024-06-072024-06-21
UNTY
UNITY BANCORP INC
$280.49M1.75%12.70%$0.1300$0.4937%02024-06-072024-06-21
CBNK
CAPITAL BANCORP INC
$284.24M1.56%16.20%$0.0800$0.3233%02024-05-22
BFST
BUSINESS FIRST BANCSHARES INC
$554.30M2.48%20.30%$0.1400$0.5449%02024-05-31
OPBK
OP BANCORP
$150.76M4.76%34.30%$0.1200$0.4878%02024-05-23
BBD
BANK BRADESCO
$28.10B8.54%90.60%$0.0036$0.2392%312024-06-052024-06-10
FBIZ
FIRST BUSINESS FINANCIAL SERVICES INC
$283.89M2.79%21.50%$0.2500$0.9653%02024-05-22
FRAF
FRANKLIN FINANCIAL SERVICES CORP
$116.79M4.82%40.80%$0.3200$1.2879%02024-05-22
FITB
FIFTH THIRD BANCORP
$26.38B3.58%43.80%$0.3500$1.3865%0
HTBK
HERITAGE COMMERCE CORP
$520.68M6.12%56.50%$0.1300$0.5286%02024-05-23
OPHC
OPTIMUMBANK HOLDINGS INC
$41.82MN/A0.00%N/AN/AN/AN/A
RVSB
RIVERVIEW BANCORP INC
$84.23M6.02%51.10%$0.0600$0.2486%0
LOB
LIVE OAK BANCSHARES INC
$1.65B0.33%5.30%$0.0300$0.125%1
HOMB
HOME BANCSHARES INC
$4.95B2.91%37.10%$0.1800$0.7255%02024-06-05
VBTX
VERITEX HOLDINGS INC
$1.16B3.77%46.20%$0.2000$0.8068%02024-05-24
CIB
BANCOLOMBIA SA
$8.74B9.74%39.40%$0.9125$3.5494%6
MBIN
MERCHANTS BANCORP
$1.86B0.77%5.20%$0.0900$0.3314%12024-06-142024-07-01
FHB
FIRST HAWAIIAN INC
$2.81B4.74%59.80%$0.2600$1.0478%02024-05-31
ONB
OLD NATIONAL BANCORP
$5.61B3.18%30.10%$0.1400$0.5659%02024-06-052024-06-17
FFIN
FIRST FINANCIAL BANKSHARES INC
$4.54B2.27%51.40%$0.1800$0.7246%02024-06-142024-07-01
MCBC
MACATAWA BANK CORP
$497.56M2.42%28.30%$0.0900$0.3548%02024-05-30
CHCO
CITY HOLDING CO
$1.54B2.67%35.10%$0.7150$2.8052%0
BWFG
BANKWELL FINANCIAL GROUP INC
$192.09M3.29%20.80%$0.2000$0.8061%02024-05-21
UCBI
UNITED COMMUNITY BANKS INC
$3.21B3.41%60.10%$0.2300$0.9263%02024-06-142024-07-05
COLB
COLUMBIA BANKING SYSTEM INC
$4.28B7.05%61.50%$0.3600$1.4489%42024-05-232024-06-10
ESSA
ESSA BANCORP INC
$180.44M3.37%32.40%$0.1500$0.6062%0
WSFS
WSFS FINANCIAL CORP
$2.79B1.29%10.00%$0.1500$0.6026%02024-05-24
FCBC
FIRST COMMUNITY BANKSHARES INC
$657.06M3.24%43.80%$0.2900$1.1660%12024-05-24
FCF
FIRST COMMONWEALTH FINANCIAL CORP
$1.46B3.55%31.40%$0.1300$0.5164%0
STBA
S&T BANCORP INC
$1.27B3.96%36.50%$0.3300$1.3170%02024-05-23
TRST
TRUSTCO BANK CORP N Y
$564.07M4.86%51.80%$0.3600$1.4479%0
HTBI
HOMETRUST BANCSHARES INC
$505.03M1.49%12.10%$0.1100$0.4331%02024-05-30
CAC
CAMDEN NATIONAL CORP
$484.80M5.06%55.60%$0.4200$1.6881%0
MSBI
MIDLAND STATES BANCORP INC
$502.89M5.21%45.80%$0.3100$1.2282%02024-05-24
SMBK
SMARTFINANCIAL INC
$392.44M1.39%25.30%$0.0800$0.3229%02024-05-28
CIVB
CIVISTA BANCSHARES INC
$237.01M4.25%27.60%$0.1600$0.6473%02024-05-22
CBSH
COMMERCE BANCSHARES INC
$7.38B1.90%30.30%$0.2700$1.0839%02024-06-052024-06-18

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. Southern Missouri Bancorp (NASDAQ:SMBC)


Southern Missouri Bancorp (NASDAQ:SMBC) is the top bank stock with a Zen Score of 63, which is 32 points higher than the bank industry average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Southern Missouri Bancorp has seen its stock return 27.93% over the past year, overperforming other bank stocks by 4 percentage points.

Southern Missouri Bancorp has an average 1 year price target of $51.00, an upside of 16.97% from Southern Missouri Bancorp's current stock price of $43.60.

Southern Missouri Bancorp stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Southern Missouri Bancorp, 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. Hdfc Bank (NYSE:HDB)


Hdfc Bank (NYSE:HDB) is the second best bank stock with a Zen Score of 57, which is 26 points higher than the bank industry average of 31. It passed 22 out of 38 due diligence checks and has strong fundamentals. Hdfc Bank has seen its stock lose -15.13% over the past year, underperforming other bank stocks by -39 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 26 points higher than the bank industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Seacoast Banking Of Florida has seen its stock return 17.07% over the past year, underperforming other bank stocks by -7 percentage points.

Seacoast Banking Of Florida has an average 1 year price target of $26.63, an upside of 9.07% from Seacoast Banking Of Florida's current stock price of $24.41.

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 268 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 3.6%.

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 10.57%, which is 7 percentage points higher than the bank industry average of 3.6%. 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 -11.4% 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 9.74%, which is 6 percentage points higher than the bank industry average of 3.6%. 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 0.44% in the last day, and up 1.5% 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. Southern Missouri Bancorp (NASDAQ:SMBC)


Southern Missouri Bancorp (NASDAQ:SMBC) is the most undervalued bank stock based on WallStreetZen's Valuation Score. Southern Missouri 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.

Southern Missouri Bancorp's stock has gained 27.93% in the past year. It has overperformed other stocks in the bank industry by 4 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 40.31% in the past year. It has overperformed other stocks in the bank industry by 17 percentage points.

3. Cb Financial Services (NASDAQ:CBFV)


Cb Financial Services (NASDAQ:CBFV) is the third most undervalued bank stock based on WallStreetZen's Valuation Score. Cb Financial Services 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.

Cb Financial Services's stock has gained 21.44% in the past year. It has underperformed other stocks in the bank industry by -2 percentage points.

Are bank stocks a good buy now?

39.52% of bank stocks rated by analysts are a hold right now. On average, analysts expect bank stocks to rise by 9.32% 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 -7.74x.
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.