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Is BancFirst (BANF) Outperforming Other Finance Stocks This Year?

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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is BancFirst (BANF - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

BancFirst is a member of our Finance group, which includes 824 different companies and currently sits at #9 in the Zacks Sector Rank. 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 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. BANF is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BANF's full-year earnings has moved 3.68% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, BANF has moved about 25.12% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of -0.92% on a year-to-date basis. This means that BancFirst is performing better than its sector in terms of year-to-date returns.

To break things down more, BANF belongs to the Banks - Southwest industry, a group that includes 10 individual companies and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 8.69% so far this year, meaning that BANF is performing better in terms of year-to-date returns.

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


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