The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. American River Bankshares (AMRB) 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? One simple way to answer this question is to take a look at the year-to-date performance of AMRB and the rest of the Finance group's stocks.
American River Bankshares is a member of our Finance group, which includes 822 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. AMRB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMRB's full-year earnings has moved 1.10% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AMRB has gained about 2.67% so far this year. In comparison, Finance companies have returned an average of -1.52%. As we can see, American River Bankshares is performing better than its sector in the calendar year.
To break things down more, AMRB belongs to the Banks - West industry, a group that includes 32 individual companies and currently sits at #113 in the Zacks Industry Rank. On average, stocks in this group have gained 9.41% this year, meaning that AMRB is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track AMRB. The stock will be looking to continue its solid performance.
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