The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is First BanCorp. (FBP - Free Report) one of those stocks right now? 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.
First BanCorp. is one of 856 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. FBP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FBP's full-year earnings has moved 6.99% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, FBP has returned 34.42% so far this year. Meanwhile, stocks in the Finance group have gained about 13.50% on average. This shows that First BanCorp. is outperforming its peers so far this year.
Looking more specifically, FBP belongs to the Banks - Southeast industry, a group that includes 60 individual stocks and currently sits at #147 in the Zacks Industry Rank. On average, this group has gained an average of 17.49% so far this year, meaning that FBP is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on FBP as it attempts to continue its solid performance.