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Has Bank of Marin Bancorp (BMRC) Outpaced Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of Bank of Marin Bancorp (BMRC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.

Bank of Marin Bancorp is a member of our Finance group, which includes 824 different companies and currently sits at #9 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BMRC is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BMRC's full-year earnings has moved 0.85% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, BMRC has returned 28.01% so far this year. Meanwhile, stocks in the Finance group have lost about 0.92% on average. This means that Bank of Marin Bancorp is outperforming the sector as a whole this year.

Looking more specifically, BMRC belongs to the Banks - West industry, which includes 32 individual stocks and currently sits at #45 in the Zacks Industry Rank. This group has gained an average of 9.85% so far this year, so BMRC is performing better in this area.

Investors with an interest in Finance stocks should continue to track BMRC. The stock will be looking to continue its solid performance.


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