These regional bank stocks have analysts bullish as the sector recovers from a liquidity crisis.
Investors could have reason to warm up to regional bank stocks. The liquidity crisis that started with Silicon Valley Bank , spread to First Republic and pressured the shares of peer institutions is still recent enough to give Wall Street pause about rushing back into regional bank stocks. But the SPDR S & P Regional Banking ETF is showing some signs of strength. Over the past month, the regional bank fund has added nearly 17%.
used FactSet data to screen for regional bank stocks that meet the follow criteria: A minimum of six analysts cover the stock At least 55% of analysts covering the stock maintain buy ratings The implied upside from analysts' price targets amounts to 25% or more Valley National 's stock has lost more than 25% from the start of the year. While the bank felt the pressure from the broader regional banking crisis, analysts aren't fleeing the stock.
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