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Has BancFirst (BANF) Outpaced Other Finance Stocks This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. BancFirst (BANF - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
BancFirst is a member of the Finance sector. This group includes 821 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. BANF is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BANF's full-year earnings has moved 3.68% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that BANF has returned about 21.90% since the start of the calendar year. In comparison, Finance companies have returned an average of -2.16%. This means that BancFirst is outperforming the sector as a whole this year.
Looking more specifically, BANF belongs to the Banks - Southwest industry, a group that includes 10 individual stocks and currently sits at #214 in the Zacks Industry Rank. On average, stocks in this group have gained 7.09% this year, meaning that BANF is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track BANF. The stock will be looking to continue its solid performance.
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Has BancFirst (BANF) Outpaced 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. BancFirst (BANF - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
BancFirst is a member of the Finance sector. This group includes 821 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. BANF is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BANF's full-year earnings has moved 3.68% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that BANF has returned about 21.90% since the start of the calendar year. In comparison, Finance companies have returned an average of -2.16%. This means that BancFirst is outperforming the sector as a whole this year.
Looking more specifically, BANF belongs to the Banks - Southwest industry, a group that includes 10 individual stocks and currently sits at #214 in the Zacks Industry Rank. On average, stocks in this group have gained 7.09% this year, meaning that BANF is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track BANF. The stock will be looking to continue its solid performance.