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Is Bay Commercial Bank (BCML) Outperforming Other Finance Stocks This Year?

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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Bay Commercial Bank (BCML - Free Report) been one of those stocks this year? 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.

Bay Commercial Bank is a member of the Finance sector. This group includes 890 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. Bay Commercial Bank is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for BCML's full-year earnings has moved 23.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, BCML has gained about 10.2% so far this year. At the same time, Finance stocks have lost an average of 17.8%. This means that Bay Commercial Bank is performing better than its sector in terms of year-to-date returns.

Another stock in the Finance sector, Chemung Financial (CHMG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 1.2%.

Over the past three months, Chemung Financial's consensus EPS estimate for the current year has increased 9.5%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Bay Commercial Bank belongs to the Banks - West industry, which includes 34 individual stocks and currently sits at #49 in the Zacks Industry Rank. This group has lost an average of 26% so far this year, so BCML is performing better in this area.

Chemung Financial, however, belongs to the Banks - Southeast industry. Currently, this 64-stock industry is ranked #50. The industry has moved -13.7% so far this year.

Going forward, investors interested in Finance stocks should continue to pay close attention to Bay Commercial Bank and Chemung Financial as they could maintain their solid performance.


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