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Has Bryn Mawr Bank (BMTC) Outpaced Other Finance Stocks This Year?

Zacks Equity Research
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Bryn Mawr Bank (BMTC) 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.

Bryn Mawr Bank 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. BMTC is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BMTC's full-year earnings has moved 0.92% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, BMTC has moved about 10.41% 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, Bryn Mawr Bank is performing better than its sector in the calendar year.

Looking more specifically, BMTC belongs to the Banks - Northeast industry, a group that includes 54 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 6.74% so far this year, meaning that BMTC is performing better in terms of year-to-date returns.

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


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