KRE - With FRC's collapse here are the top 10 regional bank stocks ranked by SA Quant Ratings
2023-05-01 12:20:59 ET
Regional banks remain front and center as Wall Street navigates through the latest banking crisis, with First Republic Bank ( FRC ) now being taken over by JPMorgan ( JPM ). This came as regulators stepped in to protect depositors from turmoil at the institution.
In this context, the banking sector has fallen under the microscope, as FRC's collapse followed close on the heels of similar issues at Silvergate Capital, Silicon Valley Bank and Signature Bank, along the takeover of Credit Suisse by UBS.
With the regional banks under scrutiny, Seeking Alpha constructed a list of names that offer the most potential upside in space, as judged by SA's Quant Ratings. The system of grading quantitative measures ranks the stocks on such measures as valuation, profitability and momentum. Here are the top 10 regional banks, based on their Quant Ratings:
Top 10 Regional Bank Stocks with Highest Quant Grades
No. 10: Byline Bancorp, Inc. ( BY ): SA Quant rating 2.88 and Wall Street analyst rating 3.83 .
No. 9: Home Bancshares, Inc. ( HOMB ): SA Quant rating 2.88 and Wall Street analyst rating 4.00 .
No. 8: Citizens Financial Group ( NYSE: CFG ): SA Quant rating 2.91 and Wall Street analyst rating 3.95 .
No. 7: OFG Bancorp ( OFG ): SA Quant rating 2.98 and Wall Street analyst rating 4.50 .
No. 6: Regions Financial Corporation ( NYSE: RF ): SA Quant rating 3.00 and Wall Street analyst rating 3.85 .
No. 5: Huntington Bancshares Incorporated ( HBAN ): SA Quant rating 3.02 and Wall Street analyst rating 3.30 .
No. 4: Truist Financial Corporation ( NYSE: TFC ): SA Quant rating 3.08 and Wall Street analyst rating 3.70 .
No. 3: S&T Bancorp, Inc. ( STBA ): SA Quant rating 3.74 and Wall Street analyst rating 3.00 .
No. 2: Axos Financial ( AX ): SA Quant rating 4.47 and Wall Street analyst rating 4.16 .
No. 1: Byline Bancorp, Inc. ( NYSE: NYCB ): SA Quant rating 4.65 and Wall Street analyst rating 4.23 .
Outside of these names, investors may also look towards regional bank focused exchange traded funds such as the SPDR S&P Regional Banking ETF ( KRE ) and iShares U.S. Regional Banks ETF ( IAT ).
More on First Republic and the Bank Crisis:
- Acquiring First Republic Makes JPMorgan Even Stronger
- First Republic Bank stockholders are now creditors, joining line of claimants
- JPMorgan Chase's Dimon says 'this part of the crisis is over'
- Regional bank stocks mixed after JPMorgan acquires First Republic deposits, assets
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With FRC's collapse, here are the top 10 regional bank stocks, ranked by SA Quant Ratings