Has Bay Commercial Bank (BCML) outperformed other financial stocks this year?

For those looking to find strong financial stocks, it is prudent to look for group companies that outperform their peers. Is Bay Commercial Bank (BCML) one of those stocks right now? A quick look at the company’s year-to-date performance relative to the rest of the financial industry should help answer that question.

Bay Commercial Bank is one of 892 individual stocks in the Finance sector. Collectively, these companies rank 7th in the Zacks industry rankings. The Zacks Sector Rankings include 16 different groups and are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these sectors.

The Zacks Ranking 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 revisions to earnings estimates and favors companies with improving earnings prospects. Bay Commercial Bank currently sports a Zacks rank of #1 (Strong Buy).

Over the past 90 days, the Zacks consensus estimate for BCML’s annual earnings has risen 24%. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.

Our latest available data shows that BCML has returned approximately 14.7% since the start of the calendar year. In comparison, financial companies achieved an average return of -18.7%. This means that Bay Commercial Bank has outperformed its sector in terms of return year-to-date.

Another financial sector stock, First Guaranty Bancshares (FGBI), has outperformed the sector so far this year. The return on the share since the beginning of the year is 21.9%.

Over the past three months, First Guaranty Bancshares consensus EPS estimate for the current year has increased by 5.4%. The stock currently has a Zacks rank #2 (buy).

Breaking down further, Bay Commercial Bank is a member of the Banks – West industry, which comprises 34 individual companies and is currently ranked 57th in the Zacks industry rankings. Stocks in this group have lost around 26.4% so far this year, so BCML is doing better in this group in terms of year-to-date returns.

On the other hand, First Guaranty Bancshares falls under the Banks – South East sector. Currently, this industry has 66 stocks and ranks 45th. Since the beginning of the year, the industry has evolved by -13.5%.

Going forward, investors interested in financials stocks should continue to pay close attention to Bay Commercial Bank and First Guaranty Bancshares as they may maintain their strong performance.

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Bay Commercial Bank (BCML): Free Stock Analysis Report

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