For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. ACNB (ACNB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
ACNB is a member of the Finance sector. This group includes 867 individual stocks and currently holds a Zacks Sector Rank of #3. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ACNB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACNB's full-year earnings has moved 5.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ACNB has returned 14.9% so far this year. At the same time, Finance stocks have gained an average of 12.7%. This shows that ACNB is outperforming its peers so far this year.
Capital One (COF) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 23.4%.
In Capital One's case, the consensus EPS estimate for the current year increased 9.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ACNB belongs to the Banks - Southwest industry, a group that includes 19 individual stocks and currently sits at #72 in the Zacks Industry Rank. On average, stocks in this group have lost 2% this year, meaning that ACNB is performing better in terms of year-to-date returns.
On the other hand, Capital One belongs to the Financial - Consumer Loans industry. This 14-stock industry is currently ranked #98. The industry has moved +45.6% year to date.
Investors interested in the Finance sector may want to keep a close eye on ACNB and Capital One as they attempt to continue their solid performance.
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ACNB Corporation (ACNB): Free Stock Analysis Report Capital One Financial Corporation (COF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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