10 Bank Stocks Under $5 With Up to 91% Upside

NEW YORK (TheStreet) -- For investors who are rightly impatient with an anemic banking sector, TheStreet has compiled a list of 10 bank stocks priced under $5 with the most upside, based on consensus price targets.

Several names on the list are speculative, with large price declines over the past year, as common stakes were diluted through large capital raises and the banks worked to pare down nonperforming loans and repossessed real estate.

For many of the names, the risk and potential rewards are reflected in aggressive price targets, even among analysts with neutral ratings on the shares.

Citigroup (C) left the ranks of the "under $5 club" after the market close on May 6, when the shares underwent a 1-for-10 reverse split. Since then, through Wednesday's close at $40.33, the shares had declined 11%.

To come up with our list we looked at all U.S. bank stocks priced below $5 at Wednesday's market close, excluding those traded on the PinkSheets and those with three-month average daily trading volume below 50,000 shares. All data was provided by SNL Financial.

Here are the 10 bank stocks under $5 with the most upside potential, based on consensus price targets among analysts polled by FactSet:

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