Investors focused on the Finance space have likely heard of State Bank Financial Corporation. (STBZ), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of STBZ and the rest of the Finance group's stocks.
State Bank Financial Corporation. is a member of the Finance sector. This group includes 827 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. STBZ is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for STBZ's full-year earnings has moved 1.37% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, STBZ has gained about 11.36% so far this year. At the same time, Finance stocks have lost an average of 4.20%. As we can see, State Bank Financial Corporation. is performing better than its sector in the calendar year.
To break things down more, STBZ belongs to the Banks – Southeast industry, a group that includes 64 individual companies and currently sits at #64 in the Zacks Industry Rank. Stocks in this group have gained about 6.11% so far this year, so STBZ is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to STBZ as it looks to continue its solid performance.
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