Investors focused on the Finance space have likely heard of Stock Yards Bancorp (SYBT), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Stock Yards Bancorp is one of 827 companies in the Finance group. The Finance group currently sits at #9 within 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SYBT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SYBT's full-year earnings has moved 4.37% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SYBT has returned about 3.32% since the start of the calendar year. Meanwhile, stocks in the Finance group have lost about 4.20% on average. This means that Stock Yards Bancorp is outperforming the sector as a whole this year.
To break things down more, SYBT belongs to the Banks – Southeast industry, a group that includes 64 individual companies and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 6.11% so far this year, meaning that SYBT is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on SYBT as it attempts to continue its solid performance.
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