The most oversold stocks in the financials 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.

Apollo Commercial Real Estate Finance Inc (NYSE:ARI)

• On Aug. 6, the company posted upbeat quarterly earnings. The company's stock fell around 13% over the past month and has a 52-week low of $8.76.
• RSI Value: 25.60
• ARI Price Action: Shares of Apollo Commercial Real Estate Finance fell 0.13 to close at $8.89 on Friday.
• Benzinga Pro's real-time newsfeed alerted to latest ARI news.

Ready Capital Corp (NYSE:RC)

• On Sept. 16, Piper Sandler analyst Crispin Love maintained Ready Capital with a Neutral and lowered the price target from $9.5 to $8.. The company's stock fell around 7% over the past month. It has a 52-week low of $7.23.
• RSI Value: 29.84
• RC Price Action: Shares of Ready Capital fell 1% to close at $7.31 on Friday.
• Benzinga Pro's charting tool helped identify the trend in RC stock.

Ellington Financial Inc (NYSE:EFC)

• On Aug. 6, Ellington Financial posted weaker-than-expected quarterly results. "Driven by broad-based contributions from our diversified credit and Agency portfolios, as well as from our reverse mortgage platform Longbridge, Ellington Financial generated a non-annualized economic return of 4.5% for the second quarter, and grew adjusted distributable earnings and book value per share sequentially," said Laurence Penn, Chief Executive Officer and President. The company's shares fell around 5% over the past month and has a 52-week low of $10.88.
• RSI Value: 29.38
• EFC Price Action: Shares of Ellington Financial fell 0.3% to close at $12.46 on Friday.
• Benzinga Pro's signals feature notified of a potential breakout in EFC shares.

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