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The easiest spot to find a great industry is at the top of the Zacks list. That’s as lazy as top-down analysis gets. Doing it that way also shows you an obvious defect. You are not the first guy to look into these stocks. In fishing terms, you are throwing your Bass Plug at the most obvious log, in the middle of the best lagoon. These spots are typically fished out.
Case in point-- Banks-West is a 35-company strong Finance Sector industry. The Zacks Industry Ranks system currently pegs this industry group at #34 out of 265 industries, while Finance is #2 out of 16 sectors Zacks ranks.
These small and mid cap banks operate multiple business lines in one of the faster-growing regions of the country. Demographics stay supportive. Unemployment rates remain low today, keeping loan default rates down, and deposits up. Their latest quarterly EPS reports show investors. Money is indeed flowing into Western bank accounts and then out (profitably!) into these Western communities. EPS beats are consistent across this regional banking niche.
What’s not to like, right? There is definitely something NOT to like!
The 1-year return for this attractive regional bank industry rose a whopping +65% over the last year. That scares me as a Value investor. When buying any smaller regional bank, valuation has always been a key to finding any remaining share price appreciation.
After a big industry-wide share price run (+65%), where do you find the value?
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
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Landing Bank Values Out West?
The easiest spot to find a great industry is at the top of the Zacks list. That’s as lazy as top-down analysis gets. Doing it that way also shows you an obvious defect. You are not the first guy to look into these stocks. In fishing terms, you are throwing your Bass Plug at the most obvious log, in the middle of the best lagoon. These spots are typically fished out.
Case in point-- Banks-West is a 35-company strong Finance Sector industry. The Zacks Industry Ranks system currently pegs this industry group at #34 out of 265 industries, while Finance is #2 out of 16 sectors Zacks ranks.
These small and mid cap banks operate multiple business lines in one of the faster-growing regions of the country. Demographics stay supportive. Unemployment rates remain low today, keeping loan default rates down, and deposits up. Their latest quarterly EPS reports show investors. Money is indeed flowing into Western bank accounts and then out (profitably!) into these Western communities. EPS beats are consistent across this regional banking niche.
What’s not to like, right? There is definitely something NOT to like!
The 1-year return for this attractive regional bank industry rose a whopping +65% over the last year. That scares me as a Value investor. When buying any smaller regional bank, valuation has always been a key to finding any remaining share price appreciation.
After a big industry-wide share price run (+65%), where do you find the value?
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>