We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Are Finance Stocks Lagging Ameris Bancorp (ABCB) This Year?
Read MoreHide Full Article
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Ameris Bancorp (ABCB - 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? 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.
Ameris Bancorp is one of 831 individual stocks in the Finance sector. Collectively, these companies sit at #6 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. Ameris Bancorp is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ABCB's full-year earnings has moved 3.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ABCB has returned 19.8% so far this year. At the same time, Finance stocks have gained an average of 3%. This shows that Ameris Bancorp is outperforming its peers so far this year.
One other Finance stock that has outperformed the sector so far this year is Citigroup (C - Free Report) . The stock is up 19.8% year-to-date.
The consensus estimate for Citigroup's current year EPS has increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Ameris Bancorp is a member of the Banks - Southeast industry, which includes 53 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, this group has gained an average of 9.8% so far this year, meaning that ABCB is performing better in terms of year-to-date returns.
Citigroup, however, belongs to the Financial - Investment Bank industry. Currently, this 20-stock industry is ranked #88. The industry has moved +4.7% so far this year.
Going forward, investors interested in Finance stocks should continue to pay close attention to Ameris Bancorp and Citigroup as they could maintain their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Are Finance Stocks Lagging Ameris Bancorp (ABCB) This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Ameris Bancorp (ABCB - 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? 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.
Ameris Bancorp is one of 831 individual stocks in the Finance sector. Collectively, these companies sit at #6 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. Ameris Bancorp is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ABCB's full-year earnings has moved 3.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ABCB has returned 19.8% so far this year. At the same time, Finance stocks have gained an average of 3%. This shows that Ameris Bancorp is outperforming its peers so far this year.
One other Finance stock that has outperformed the sector so far this year is Citigroup (C - Free Report) . The stock is up 19.8% year-to-date.
The consensus estimate for Citigroup's current year EPS has increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Ameris Bancorp is a member of the Banks - Southeast industry, which includes 53 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, this group has gained an average of 9.8% so far this year, meaning that ABCB is performing better in terms of year-to-date returns.
Citigroup, however, belongs to the Financial - Investment Bank industry. Currently, this 20-stock industry is ranked #88. The industry has moved +4.7% so far this year.
Going forward, investors interested in Finance stocks should continue to pay close attention to Ameris Bancorp and Citigroup as they could maintain their solid performance.