Five Cheap Finance Stocks to Buy Right Now

#3 WMIH CORPORATION (NASDAQ:WMIH)

– Investors with Long Positions (as of December 31): 34

– Aggregate Value of Investors’ Holdings (as of December 31): $170.51 million

Once a premier subsidiary of the country’s largest savings and loan association, Washington Mutual, Inc., WMIH CORPORATION (NASDAQ:WMIH) is now just a special purpose acquisition company (SPAC) controlled by KKR & Co. L.P. (NYSE:KKR). According to the last available data from the company it had nearly $6 billion of NOLs (net operating loss). During the fourth quarter the popularity of WMIH CORPORATION (NASDAQ:WMIH) among hedge funds tracked by us remained nearly unchanged. Shares of the company are currently trading down by 3.27% year-to-date, but comfortably above their technical support of $2.25. Few analysts who cover the stock feel that it is undervalued right now and will start moving higher as soon as the company starts making acquisitions.

#2 Regions Financial Corp (NYSE:RF)

– Investors with Long Positions (as of December 31): 36

– Aggregate Value of Investors’ Holdings (as of December 31): $949.06 million

Regions Financial Corp (NYSE:RF) is the holding company of Alabama-based Regions Bank. The number of investors covered by us with long positions in the stock inched up by one and the aggregate value of their holdings in it increased by 8.7% during the fourth quarter. Notable funds which reduced their stakes in the company during that time included billionaire Ken Griffin‘s Citadel Investment Group, which cut its holding by 37% to 8.19 million shares. Like most other banking stocks, shares of Regions Financial Corp (NYSE:RF) have also got beaten down aggressively this year and are trading down almost 15%  year-to-date. However, due to this decline, the annual dividend yield of the stock has increased significantly and is now very close to the 3% mark. On March 9, analysts at Deutsche Bank reiterated their ‘Hold’ rating and $9 price target on the stock.

#1 MGIC Investment Corp. (NYSE:MTG)

– Investors with Long Positions (as of December 31): 42

– Aggregate Value of Investors’ Holdings (as of December 31): $1.02 billion

Amid a 4.6% decline of MGIC Investment Corp. (NYSE:MTG)’s stock during the fourth quarter, its ownership among funds tracked by us came down by five and the aggregate value of their holdings declined by $321 million. The further 13.3% drop that the stock of the mortgage service provider has suffered so far this year has resulted in it now trading at a low trailing P/E of 2.98 and a price-to-book multiple of only 1.19. For its fiscal 2016 first quarter, analysts expect the company to report EPS of $0.22 on revenue of $258.33 million. For the same quarter of the previous financial year, MGIC Investment Corp. (NYSE:MTG) delivered EPS of $0.26 on revenue of $270.20 million. On March 1, Standard & Poor’s Ratings Services upgraded the credit rating of the company to ‘BBB’ from ‘BB+’ citing the improvements in its delinquencies and the continued growth displayed by its business despite facing competitive headwinds. Billionaire John Paulson‘s Paulson & Co. reduced its stake in the company by 76% to 2.73 million shares during the October-December period.

Disclosure: None