5 Best Bank Stocks to Buy According to Matthew Lindenbaum’s Basswood Capital

In this piece, we’ll take a look at 5 Best Bank Stocks to Buy According to Matthew Lindenbaum’s Basswood Capital. For more stocks, head on to 10 Best Bank Stocks to Buy According to Matthew Lindenbaum’s Basswood Capital.

5. Comerica Incorporated (NYSE:CMA)

Basswood Capital Stake: $50,380,000

Percentage of Basswood Capital‘s Portfolio: 3.16%

Number of Hedge Fund Holders: 38

Comerica Incorporated (NYSE:CMA) is a financial services firm with a special focus on commercial banking. Basswood Capital decreased its stake in Comerica Incorporated (NYSE:CMA) by 5% during Q2 2022 and held 686,558 shares of the company as per the last filing of the fund.

On September 30, 2022, David Chiaverini, an analyst at Wedbush, initiated coverage of Comerica Incorporated (NYSE:CMA) with a price target of $95 and an Outperform rating. The analyst believes that a large amount of the bank’s deposits are non-interest-bearing, which will bode well in terms of boosting the profitability of the bank.

Marshall Wace LLP remained the most bullish hedge fund on Comerica Incorporated (NYSE:CMA) as it increased its stake by 339% during the second quarter of 2022. The fund holds 2,109,435 shares of Comerica Incorporated (NYSE:CMA) with an investment value of over $154 million.