The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is American River Bankshares one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
American River Bankshares is a member of our Finance group, which includes 824 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AMRB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMRB's full-year earnings has moved 1.10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AMRB has moved about 3.35% on a year-to-date basis. In comparison, Finance companies have returned an average of -0.52%. This shows that American River Bankshares is outperforming its peers so far this year.
Looking more specifically, AMRB belongs to the Banks - West industry, a group that includes 32 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 8.55% so far this year, meaning that AMRB is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to AMRB as it looks to continue its solid performance.
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Is American River Bankshares (AMRB) Outperforming Other Finance Stocks This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is American River Bankshares one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
American River Bankshares is a member of our Finance group, which includes 824 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AMRB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMRB's full-year earnings has moved 1.10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AMRB has moved about 3.35% on a year-to-date basis. In comparison, Finance companies have returned an average of -0.52%. This shows that American River Bankshares is outperforming its peers so far this year.
Looking more specifically, AMRB belongs to the Banks - West industry, a group that includes 32 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 8.55% so far this year, meaning that AMRB is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to AMRB as it looks to continue its solid performance.