Top 5 Financial Stocks Which Could Rescue Your Portfolio This Month

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.

ECB Bancorp, Inc. ECBK

• ECB Bancorp shares dropped around 13% over the past month. The company’s stock has a 52-week low of $12.08 .
• RSI Value: 27.89
• ECBK Price Action: Shares of ECB Bancorp rose 0.5% to close at $12.26 on Monday.

MidWestOne Financial Group, Inc. MOFG

• MidWestOne Financial posted weaker-than-expected Q4 earnings. The company is scheduled to release its first quarter results on April 27, 2023. The company’s stock has a 52-week low of $20.82.
• RSI Value: 27.17
• MOFG Price Action: Shares of MidWestOne Financial Group rose 0.5% to close at $21.30 on Monday.

First Financial Corporation THFF

• First Financial posted better-than-expected Q4 earnings. “We are pleased with our fourth quarter and full year results” said Norman L. Lowery, Chairman and Chief Executive Officer. “2022 was a record year for net income. Loan growth continues to be strong which contributed to our seventh straight quarter of net interest income growth.” The company’s stock has a 52-week low of $33.83.
• RSI Value: 29.03
• THFF Price Action: Shares of First Financial rose 0.2% to close at $34.07 on Monday.

Arrow Financial Corporation AROW

• Arrow Financial recently announced the receipt of Nasdaq noncompliance notice. The company’s 52-week low is $22.17.
• RSI Value: 26.84
• AROW Price Action: Shares of Arrow Financial fell 1.2% to close at $22.21 on Monday.

Territorial Bancorp Inc. TBNK

• Keefe, Bruyette & Woods maintained Territorial Bancorp with a Market Perform and lowered the price target from $26 to $25. The company has a 52-week low of $17.58.
• RSI Value: 27.28
• TBNK Price Action: Shares of Territorial Bancorp dropped 1.2% to close at $17.81 on Monday.

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