SRCE

Validea's Top Financial Stocks Based On Warren Buffett - 1/10/2024

The following are the top rated Financial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.

1ST SOURCE CORP (SRCE) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Warren Buffett is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: 1st Source Corporation is a bank holding company. The Company, through its subsidiaries, offers a range of financial products and services. It provides commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients. It offers commercial, small business, agricultural, and real estate loans to primarily privately owned businesses. It provides traditional banking services, including checking and savings accounts, certificates of deposits and individual retirement accounts. The Company offers a full line of on-line and mobile banking products which includes person-to-person payments, mobile deposit, outside account aggregation, money management budgeting solutions and bill payment. It also provides a range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients. It offers a variety of financial planning, financial literacy, and other consultative services to its customers.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

EARNINGS PREDICTABILITY:PASS
RETURN ON EQUITY:FAIL
RETURN ON ASSETS:PASS
FREE CASH FLOW:PASS
USE OF RETAINED EARNINGS:PASS
SHARE REPURCHASE:PASS
INITIAL RATE OF RETURN:PASS
EXPECTED RETURN:FAIL

Detailed Analysis of 1ST SOURCE CORP

SRCE Guru Analysis

SRCE Fundamental Analysis

WASHINGTON TRUST BANCORP INC (WASH) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Warren Buffett is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Washington Trust Bancorp, Inc. is a bank holding company of The Washington Trust Company, of Westerly (the Bank). The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities, mortgage banking activities, deposit generation, cash management activities, and banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, Internet banking and mobile banking services, as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management, holistic financial planning services, personal trust and estate services, including services as trustee, personal representative, custodian and guardian, settlement of decedents' estates, and institutional trust services, including custody and fiduciary services.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

EARNINGS PREDICTABILITY:PASS
RETURN ON EQUITY:PASS
RETURN ON ASSETS:PASS
FREE CASH FLOW:PASS
USE OF RETAINED EARNINGS:FAIL
SHARE REPURCHASE:PASS
INITIAL RATE OF RETURN:PASS
EXPECTED RETURN:FAIL

Detailed Analysis of WASHINGTON TRUST BANCORP INC

WASH Guru Analysis

WASH Fundamental Analysis

ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Warren Buffett is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: AllianceBernstein Holding L.P. is a global investment management company. The Company provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. It offers Private Wealth Management services to its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

EARNINGS PREDICTABILITY:PASS
RETURN ON EQUITY:PASS
RETURN ON ASSETS:PASS
FREE CASH FLOW:FAIL
USE OF RETAINED EARNINGS:FAIL
SHARE REPURCHASE:PASS
INITIAL RATE OF RETURN:PASS
EXPECTED RETURN:FAIL

Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP

AB Guru Analysis

AB Fundamental Analysis

VERITEX HOLDINGS INC (VBTX) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Warren Buffett is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Veritex Holdings, Inc. is a bank holding company. The Company conducts banking activities through its wholly owned subsidiary, Veritex Community Bank (the Bank), a Texas state-chartered bank, which provides a range of banking services, including commercial and retail lending and checking and savings deposit products, to individual and corporate customers. It operates through the community banking segment. The Bank provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements, as well as ATMs, and mobile banking, mail and personal appointment. It also offers debit cards, night depository, direct deposit, cashier's checks, and letters of credit. It operates over 18 full-service branches located in the Dallas-Fort Worth metroplex.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

EARNINGS PREDICTABILITY:PASS
RETURN ON EQUITY:FAIL
RETURN ON ASSETS:FAIL
FREE CASH FLOW:PASS
USE OF RETAINED EARNINGS:PASS
SHARE REPURCHASE:PASS
INITIAL RATE OF RETURN:PASS
EXPECTED RETURN:PASS

Detailed Analysis of VERITEX HOLDINGS INC

VBTX Guru Analysis

VBTX Fundamental Analysis

GLACIER BANCORP, INC. (GBCI) is a mid-cap growth stock in the Money Center Banks industry. The rating according to our strategy based on Warren Buffett is 63% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Glacier Bancorp, Inc. is a bank holding company. The Company offers a range of banking products and services, including retail banking, business banking, real estate, commercial, agriculture and consumer loans, and mortgage origination and loan servicing. The Company's lending activities include first-mortgage, conventional loans secured by residential properties, particularly single-family; commercial lending, including agriculture and public entities, and installment lending for consumer purposes, such as home equity and automobile. It serves individuals, small to medium-sized businesses, community organizations and public entities. The Company provides commercial banking services in 143 communities through 221 banking offices in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. It primarily focuses on tourism, construction, mining, energy, manufacturing, agriculture, service industry, and health care markets.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

EARNINGS PREDICTABILITY:PASS
RETURN ON EQUITY:FAIL
RETURN ON ASSETS:PASS
FREE CASH FLOW:PASS
USE OF RETAINED EARNINGS:PASS
SHARE REPURCHASE:NEUTRAL
INITIAL RATE OF RETURN:PASS
EXPECTED RETURN:FAIL

Detailed Analysis of GLACIER BANCORP, INC.

GBCI Guru Analysis

GBCI Fundamental Analysis

Warren Buffett Portfolio

Top Warren Buffett Stocks

About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.

About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.