5 Value Stocks To Watch In The Financial Services Sector
What are Value Stocks?
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
The following stocks are considered to be notable value stocks in the financial services sector:
- Fidus Investment (NASDAQ:FDUS) - P/E: 8.81
- Everest Group (NYSE:EG) - P/E: 7.05
- First Merchants (NASDAQ:FRME) - P/E: 6.87
- First Citizens BancShares (NASDAQ:FCNCA) - P/E: 1.82
- NMI Holdings (NASDAQ:NMIH) - P/E: 7.62
Fidus Investment's earnings per share for Q3 sits at $0.68, whereas in Q2, they were at 0.62. Most recently, Everest Group reported earnings per share at $14.14, whereas in Q2 earnings per share sat at $15.21. Its most recent dividend yield is at 1.91%, which has increased by 0.12% from 1.79% in the previous quarter.
This quarter, First Merchants experienced a decrease in earnings per share, which was $1.02 in Q2 and is now $0.94. Its most recent dividend yield is at 4.24%, which has decreased by 1.05% from 5.29% in the previous quarter.
Most recently, First Citizens BancShares reported earnings per share at $55.92, whereas in Q2 earnings per share sat at $52.6. The company's most recent dividend yield sits at 0.46%, which has increased by 0.24% from 0.22% last quarter.
Most recently, NMI Holdings reported earnings per share at $1.0, whereas in Q2 earnings per share sat at $0.95.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
