3 Small & Mid Private Bank Stocks To Buy As Recommended By This Top Brokerage

Renowned brokerage firm Emkay Global has recommended these three below-mentioned small and mid-cap private banks' stocks to buy.

Stocks to buy

The current market price of City Union Bank is Rs. 140. The market capitalization of the bank is Rs. 104 bn. The brokerage firm is expecting a 13% Return on Equity (RoE) in FY 2023. The bank's 52-week high share price is Rs. 183.95. City Union Bank recently mentioned that it will raise Rs. 500 crore from the qualified institutional players (QIP), and in the next annual general meeting (AGM) the bank will seek shareholders' approval. The stock's share price has surged by around 9.34% in the past 5 days, although it remained bearish in the last 6 months. The bank is giving a 0.34% Dividend Yield.

The current market price of Federal Bank is Rs. 95, and in the last 5 days it has surged by around 7.54%. Market capitalization of the bank is Rs. 199 bn. The brokerage firm is expecting a 12% Return on Equity (RoE) in FY 2023. The bank's 52-week high share price is Rs. 183.95. Federal Bank has consistently given a good performance, this year its stock price surged by 11.24%.

The current market price of Karur Vysya Bank Ltd. is Rs. 44. Market capitalization of the bank is Rs. 35 bn. The brokerage firm is expecting a 10.6% Return on Equity (RoE) in FY 2023. It is offering a 1.09% dividend yield. The bank has not performed very well in the long term, but in the short term, it can be a good pick. At present, the bank's share price has surged by around 2.57%. Emkay Global suggests buying it.

Disclaimer

The above stock was picked from the brokerage report of Emkay Global. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.