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Analysts remain bullish on bank stocks

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Analysts remain bullish on bank stocks

In this analysis, S&P Global Market Intelligence considered major exchange-traded U.S. bank and thrift stocks trading in relation to mean one-year analyst price targets as of Feb. 28. Only stocks covered by at least three analysts and trading above $5 per share as of Feb. 28 were included in this analysis.

As of Feb. 28, M&T Bank Corp. was the only bank stock studied that was trading above one-year mean analyst estimates, but only by 0.3%.

On the other hand, analysts are expecting shares in Wyomissing, Penn.-based Customers Bancorp Inc. to grow by a mean 41.8% over the next year, the highest implied upside of any company in the analysis. Customers' shares have lost 14.5% over the last year, including an 11.3% decline in the first quarter through Feb. 28.

Sterling Bancorp and Howard Bancorp Inc. had the second- and third-highest implied upside at 32.4% and 30.6%, respectively, as of Feb. 28.

PNC Financial Services Group Inc. and Regions Financial Corp. had the second- and third-lowest potential upside at 0.7% each, as of Feb. 28.

The median implied upside for all stocks in the analysis was 14.0% over the next year.

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