The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Investar Holding Corporation ISTR
- Investar Holding recently declared a quarterly cash dividend of $0.095 per share to holders of the Company's common stock. The company’s stock has a 52-week low of $13.31 .
- RSI Value: 18.79
- ISTR Price Action: Shares of Investar Holding fell 1.7% to close at $13.43 on Tuesday.
BCB Bancorp, Inc. BCBP
- Keefe, Bruyette & Woods maintained BCB Bancorp with a Market Perform and lowersed the price target from $21 to $17.5. The company’s stock has a 52-week low of $11.65.
- RSI Value: 23.89
- BCBP Price Action: Shares of BCB Bancorp fell 1.4% to close at $11.76 on Tuesday.
AFC Gamma, Inc. AFCG
- AFC Gamma named Brandon Hetzel as CFO and Treasurer. The company’s stock has a 52-week low of $11.09.
- RSI Value: 29.86
- AFCG Price Action: Shares of AFC Gamma fell 1.2% to close at $11.23 on Tuesday.
Greenhill & Co., Inc. GHL
- Goldman Sachs maintained Greenhill & Co with a Sell and lowered the price target from $9.5 to $8.5. The company’s 52-week low is $5.65.
- RSI Value: 24.44
- GHL Price Action: Shares of Greenhill fell 1.1% to close at $6.94 on Tuesday.
Central Valley Community Bancorp CVCY
- Central Valley Community posted better-than-expected Q4 results. The company has a 52-week low of $14.16.
- RSI Value: 21.44
- CVCY Price Action: Shares of Central Valley Community Bancorp fell 0.6% to close at $18.72 on Tuesday.
Read More: Fear & Greed Index Remains In 'Greed' Zone Ahead Of March Inflation Data
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