Has Bank of Marin Bancorp (BMRC) Outpaced Other Finance Stocks This Year?

Zacks Equity Research
Updated
Asbury Automotive (ABG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Bank of Marin Bancorp (BMRC) been one of those stocks this year? 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.

Bank of Marin Bancorp is a member of the Finance sector. This group includes 824 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 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. BMRC is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BMRC's full-year earnings has moved 0.85% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, BMRC has moved about 28.01% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of -0.92% on a year-to-date basis. As we can see, Bank of Marin Bancorp is performing better than its sector in the calendar year.

Looking more specifically, BMRC belongs to the Banks - West industry, a group that includes 32 individual stocks and currently sits at #45 in the Zacks Industry Rank. On average, this group has gained an average of 9.85% so far this year, meaning that BMRC is performing better in terms of year-to-date returns.

Investors in the Finance sector will want to keep a close eye on BMRC as it attempts to continue its solid performance.


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