Back to top

Image: Bigstock

Is Civista Bancshares (CIVB) Outperforming Other Finance Stocks This Year?

Read MoreHide Full Article

Investors focused on the Finance space have likely heard of Civista Bancshares (CIVB - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Civista Bancshares is a member of our Finance group, which includes 828 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CIVB is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for CIVB's full-year earnings has moved 8.44% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, CIVB has gained about 14.05% so far this year. At the same time, Finance stocks have lost an average of 3.62%. This means that Civista Bancshares is performing better than its sector in terms of year-to-date returns.

Looking more specifically, CIVB belongs to the Banks - Midwest industry, which includes 30 individual stocks and currently sits at #37 in the Zacks Industry Rank. This group has gained an average of 10.67% so far this year, so CIVB is performing better in this area.

Investors with an interest in Finance stocks should continue to track CIVB. The stock will be looking to continue its solid performance.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Civista Bancshares, Inc. (CIVB) - free report >>