3 Best Black-Owned Stocks to Buy for 2021 (Support Black Businesses)

You are currently viewing 3 Best Black-Owned Stocks to Buy for 2021 (Support Black Businesses)

Publicly traded black-owned stocks have cooled off a bit from the recent Juneteenth spikes when George Floyd protests brought attention to racial injustices in America.

List of Top Publicly Traded Black-Owned Company Stocks

If you’re looking for the best black owned stocks to buy then take a look at the list below of these companies that you can invest in.

CompanyPrice ($)
Urban One (NASDAQ: UONE)6.65
Broadway Financial Corporation (NASDAQ: BYFC)3
Carver Bank (NASDAQ: CARV)17.40
RLJ Lodging Trust (NYSE: RLJ)14

1. Urban One (NASDAQ: UONE)

Urban One Blacked Owned Stock

Urban One is the largest African-American media company in the United States. The company owns several niche TV, radio, and online assets that cater to the black community.

There are two different types of Urban One stock: UONE (class A shares) and UONEK (class D shares).

UONE has a smaller float and represents 1 vote per shareholder. UONEK has a much bigger float and represents zero votes as a shareholder.

2. Broadway Financial Corporation (NASDAQ: BYFC)

Broadyway Financial Corporation is the oldest black-owned minority bank in the United States that was founded in California to help black consumers gain access to basic banking and loans.

In 2021, Broadyway Financial plans to merger with CityFirst Bank (Washington, DC) to create the largest black-owned bank in America with over $1 billion in assets.

Over the past few years, Broadway Financial increased its deposits and could offer more modern day financial services to the black community.

The merger will be completed in the first half of 2021, making BYFC stock extremely undervalued compared to its long term value and growth potential.

3. Carver Bankcorp (NASDAQ: CARV)

Carver Bank is a black-owned bank based out of New York that serves the minority community. It’s one of the smaller minority banks listed on the NASDAQ and it hasn’t grown that much over the years.

While Carver perhaps experienced a slight increase in deposits during the 2020 protests, I don’t see much growth ahead unless they open more bank branches or seek a merger with another minority bank.

Where to Buy Black-Owned Stocks

If you’re new to investing then you need a stock trading brokerage account to buy and sell NYSE & NASDAQ listed black-owned companies.

Robinhood

Robinhood is a popular stock & crypto trading app that's extremely popular with millenials. You can buy and sell stocks, cryptocurrencies, and options for free.

Webull

Webull is my favorite stock trading app for creating watchlists and tracking stocks. I use the Webull app on my phone as well as the desktop platform for my Youtube videos. Get 2 free stocks when you sign up for Webull using my referral link.

US Citizens

If you live in the United States then Robinhood is the most popular recommendation for buying black-owned stocks. It’s free to open an account and you pay $0 in trading commissions.

Non US Citizens

If you live outside the United States then Firstrade is the best US based broker that accepts international accounts. It’s free to open an account and stock trades are commission free like Robinhood.


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