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7 Great Bank Stocks to Consider After Q1 Results — TradingView News

As the tech world continues to be dominated by Nvidia’s “Magnificent Seven” NVDAMicrosoft MSFTAmazon AMZNmeta METAApple AAPLAlphabet GOOGLEand Tesla TSLAanalysts at JPMorgan JPM say they’ve identified another group of gorgeous stocks that investors should keep on their watchlists – and this elite lineup comes straight from the small- and mid-cap banking sector, among others.

A little over a year after the regional banking crisis, analysts Steven Alexopoulos are encouraged by these lenders’ quarterly results and see significant upside potential. Here’s a look at the standout bank stocks that JPMorgan considers the “Magnificent 7” of regional lenders.

Banking Stock #1: First Citizens Bancshares

Founded nearly four decades ago and headquartered in Raleigh, North Carolina, First Citizens Bancshares FCNCA is a bank holding company, meaning it owns and operates several bank subsidiaries. These subsidiaries provide retail and commercial banking services in various segments, including general banking, commercial banking, rail services and corporate banking. Its market capitalization currently stands at $25.17 billion.

FCNCA stock is up 22% on an annual basis and offers a dividend yield of 0.28%.

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Overall, analysts have a “Moderate Buy” consensus rating for FCNCA stock, with an average target price of $1,934, which denotes ~11.6% upside potential from current levels. Out of 12 analysts covering the stock, 6 have a “Strong Buy” rating, 1 have a “Moderate Buy” rating, and 5 have a “Hold” rating.

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Bank Stock #2: Western Alliance Bancorporation

With a focus on the commercial lending and specialty financing sectors, Western Alliance Bancorporation WAL is a bank holding company founded in 1919 and based in Phoenix. Its main areas of activity include equipment financing, mortgage lending and international banking services. Its market capitalization currently stands at $7.01 billion.

WAL’s stock price is down 2.7% on a year-to-date basis. Notably, the stock offers a dividend yield of 2.3%.

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Analysts give the stock an average rating of “strong buy”, with an average price target of $76. This indicates an upside potential of approximately 19.3% from current levels. Out of 17 analysts covering WAL stock, 13 have a “Strong Buy” rating, 2 have a “Moderate Buy” rating, and 2 have a “Hold” rating.

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Banking Stock #3: Live Oak Bancshares

Based in Wilmington, North Carolina, Live Oak Bancshares LOB focuses on providing financing solutions to specialist markets. Their primary business segments include Specialty Banking, SBA Lending, and FinTech. Its market capitalization is currently $1.59 billion.

LOB stock is down 21.9% on a year-to-date basis and offers a modest dividend yield of 0.34%.

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Overall, analysts rate the stock a “Moderate Buy,” with an average price target of $40, indicating approximately 12.6% upside potential from current levels. Out of 5 analysts covering LOB stock, 2 have a “Strong Buy” rating and 3 have a “Hold” rating.

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Bank Stock #4: Pinnacle Financial Partners

Focused primarily on the southeastern United States, Pinnacle Financial Partners PNFP is a regional bank holding company founded in 2000. The bank offers a variety of financial products and services to individuals and businesses, including checking and savings accounts, loans, wealth management services and online banking and mobile. Its market capitalization currently stands at $6.43 billion.

PNFP stock is down 4.3% on a cumulative basis. The stock offers a dividend yield of 1.05%.

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Overall, analysts give the stock a “moderate buy” rating, with an average price target of $95.83, suggesting ~14.8% upside potential from current levels . Of the 13 analysts covering PNFP, 8 have a “Strong Buy” rating, 1 have a “Moderate Buy” rating, and 4 have a “Hold” rating.

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Bank Stock #5: Cullen/Frost Bankers

Created in 1977 by the merger of Cullen Bankers, Inc. and Frost Bank Corporation, Cullen/Frost Bankers CFR is a bank holding company. It provides a full range of financial services to consumers and businesses, including retail banking, commercial banking and wealth management, among others. Its market capitalization currently stands at $6.88 billion.

CFR stock is down 1.6% on a year-to-date basis. The bank stock offers a dividend yield of 3.39%.

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On average, analysts have rated CFR stock a “Hold,” with an average price target of $117.93. This suggests an upside potential of around 9.2% from current levels. Out of 16 analysts covering the stock, 4 have a “Strong Buy” rating, 10 have a “Hold” rating, and 2 have a “Strong Sell” rating.

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Banking Stock #6: Mvb Financial Corp

Headquartered in Fairfax, Virginia, Mvb Financial Corp MVBF is a financial holding company, operating primarily in the Mid-Atlantic region. Their main focus areas include traditional community banking for individuals and businesses, acquiring and issuing sponsorships, as well as Banking-as-a-Service (BaaS) for fintech and gaming customers across United States. Its market capitalization is currently $243 million.

MVBF stock is down 16.4% on a year-over-year basis and offers a dividend yield of 3.61%.

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Analysts rate the stock a “Strong Buy” overall, with an average target price of $23.75. This indicates an upside potential of approximately 25.9% from current levels. Out of 4 analysts covering MVBF stock, 2 have a “Strong Buy” rating and 2 have a “Moderate Buy” rating.

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Bank Stock #7: Webster Financial Corp

Founded in 1853, Webster Financial Corp., based in Waterbury, Connecticut OTP is a bank holding company, operating primarily in southern New England and Westchester County, New York. The Company’s core services include commercial banking, consumer banking and mortgage lending. Its market capitalization is currently $7.89 billion.

WBS stock is down 9.5% on a year-over-year basis and offers a dividend yield of 3.48%.

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Overall, analysts give WBS stock a “strong buy” rating, with an average target price of $57.19, which denotes ~24.4% upside potential from current levels. Out of 16 analysts covering the stock, 10 have a “Strong Buy” rating, 4 have a “Moderate Buy” rating, and 2 have a “Hold” rating.

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As of the date of publication, Pathikrit Bose did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. All information and data contained in this article are for informational purposes only. For more information, please see Barchart’s disclosure policy here.