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, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

South Plains Financial Inc (NASDAQ:SPFI)

  • On April 28, South Plains Financial reported mixed first-quarter financial results. Curtis Griffith, South Plains’ Chairman and Chief Executive Officer, said, “We delivered solid first quarter results driven by strong profitability, improving credit quality, and continued discipline across our balance sheet.” The company's stock fell around 8% over the past five days and has a 52-week low of $32.79.
  • RSI Value: 29.7
  • SPFI Price Action: Shares of South Plains Financial fell 3.7% to close at $39.94 on Monday.
  • Edge Stock Ratings: 46.77 Momentum score.

Kingsway Financial Services Inc (NYSE:KFS)   

  • Kingsway said it will report financial results for first quarter on Thursday, May 7. The company's stock fell around 13% over the past five days and has a 52-week low of $8.65.
  • RSI Value: 28.8
  • KFS Price Action: Shares of Kingsway Financial fell 4.2% to close at $10.25 on Monday.
  • Benzinga Pro’s charting tool helped identify the trend in KFS stock.

Third Coast Bancshares Inc (NYSE:TCBX)

  • On April 24, Stephens & Co. analyst Matt Olney maintained Third Coast Bancshares with an Overweight rating and lowered the price target from $46 to $45. The company's stock fell around 6% over the past month and has a 52-week low of $29.60.
  • RSI Value: 29.4
  • TCBX Price Action: Shares of Third Coast Bancshares fell 3.4% to close at $36.50 on Monday.
  • Benzinga Pro’s signals feature notified of a potential breakout in TCBX shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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