We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Signature Bank (SBNY) Outperforming Other Finance Stocks This Year?
Read MoreHide Full Article
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Signature Bank (SBNY - Free Report) been one of those stocks this year? 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.
Signature Bank is one of 899 individual stocks in the Finance sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Signature Bank is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SBNY's full-year earnings has moved 13.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SBNY has returned about 4.3% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 1.3% on a year-to-date basis. This means that Signature Bank is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Ameris Bancorp (ABCB - Free Report) . The stock is up 2.2% year-to-date.
In Ameris Bancorp's case, the consensus EPS estimate for the current year increased 8.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Signature Bank belongs to the Banks - Northeast industry, which includes 90 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 4.3% so far this year, meaning that SBNY is slightly underperforming its industry in terms of year-to-date returns.
Ameris Bancorp, however, belongs to the Banks - Southeast industry. Currently, this 66-stock industry is ranked #36. The industry has moved +4.9% so far this year.
Investors with an interest in Finance stocks should continue to track Signature Bank and Ameris Bancorp. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Signature Bank (SBNY) Outperforming Other Finance Stocks This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Signature Bank (SBNY - Free Report) been one of those stocks this year? 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.
Signature Bank is one of 899 individual stocks in the Finance sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Signature Bank is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SBNY's full-year earnings has moved 13.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SBNY has returned about 4.3% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 1.3% on a year-to-date basis. This means that Signature Bank is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Ameris Bancorp (ABCB - Free Report) . The stock is up 2.2% year-to-date.
In Ameris Bancorp's case, the consensus EPS estimate for the current year increased 8.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Signature Bank belongs to the Banks - Northeast industry, which includes 90 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 4.3% so far this year, meaning that SBNY is slightly underperforming its industry in terms of year-to-date returns.
Ameris Bancorp, however, belongs to the Banks - Southeast industry. Currently, this 66-stock industry is ranked #36. The industry has moved +4.9% so far this year.
Investors with an interest in Finance stocks should continue to track Signature Bank and Ameris Bancorp. These stocks will be looking to continue their solid performance.