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Is American National Bankshares (AMNB) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of American National Bankshares , 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.

American National Bankshares is a member of our Finance group, which includes 826 different companies and currently sits at #10 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. AMNB is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for AMNB's full-year earnings has moved 0.95% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that AMNB has returned about 8.09% since the start of the calendar year. At the same time, Finance stocks have lost an average of 1.75%. This means that American National Bankshares is performing better than its sector in terms of year-to-date returns.

Looking more specifically, AMNB belongs to the Banks - Southeast industry, which includes 64 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 6.18% so far this year, meaning that AMNB is performing better in terms of year-to-date returns.

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