4 Best European Bank Stocks to Buy Now

3. Deutsche Bank AG (NYSE:DB)

Number of Hedge Fund Holders: 15

Deutsche Bank AG (NYSE:DB)  provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Analysts are bullish on European banks right now. On July 5, JPMorgan analyst Kian Abouhossein slashed his price target on Deutsche Bank AG (NYSE:DB) to EUR 13 from EUR 15 but reiterated a buy-side Overweight rating on the shares.

Deutsche Bank AG (NYSE:DB) as the bank stock appears to be a bargain at current levels and is also offering dividends. As of July 5, Deutsche Bank AG (NYSE:DB) has a forward dividend yield of 2.53% and a trailing-twelve-month PE ratio of 7.72.

Hedge funds are initiating positions in Deutsche Bank AG (NYSE:DB). Insider Monkey found 15 hedge funds bullish on Deutsche Bank AG (NYSE:DB) at the close of Q1 2022. The total stakes of these funds came in at $1.42 billion, down from $1.78 billion a quarter ago with 14 positions.

As of March 31, Hudson Executive Capital is the most bullish hedge fund on Deutsche Bank AG (NYSE:DB), owning over 67.38 million shares of the company. The fund’s stakes in the bank are valued at $858.18 million and the investment covers 68.62% of Hudson Executive Capital’s 13F portfolio.