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Is First Financial Bankshares (FFIN) Stock Outpacing Its Finance Peers This Year?

Zacks Equity Research
Northern Trust (NTRS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Investors focused on the Finance space have likely heard of First Financial Bankshares (FFIN), 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.

First Financial Bankshares is one of 826 companies in the Finance group. The Finance group currently sits at #10 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. FFIN is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for FFIN's full-year earnings has moved 0.24% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, FFIN has gained about 25.42% so far this year. Meanwhile, the Finance sector has returned an average of -1.75% on a year-to-date basis. This shows that First Financial Bankshares is outperforming its peers so far this year.

To break things down more, FFIN belongs to the Banks - Southwest industry, a group that includes 10 individual companies and currently sits at #41 in the Zacks Industry Rank. On average, stocks in this group have gained 9.21% this year, meaning that FFIN is performing better in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track FFIN. The stock will be looking to continue its solid performance.


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