We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Cadence Bank (CADE) Stock Outpacing Its Finance Peers This Year?
Read MoreHide Full Article
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cadence (CADE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cadence is one of 871 individual stocks in the Finance sector. Collectively, these companies sit at #1 in 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. Cadence is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CADE's full-year earnings has moved 6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CADE has returned 29.5% so far this year. Meanwhile, the Finance sector has returned an average of 25.6% on a year-to-date basis. This means that Cadence is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is COPT Defense (CDP - Free Report) . The stock is up 28.1% year-to-date.
The consensus estimate for COPT Defense's current year EPS has increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Cadence belongs to the Banks - Southeast industry, a group that includes 55 individual companies and currently sits at #47 in the Zacks Industry Rank. On average, this group has gained an average of 32.3% so far this year, meaning that CADE is slightly underperforming its industry in terms of year-to-date returns.
In contrast, COPT Defense falls under the REIT and Equity Trust - Other industry. Currently, this industry has 96 stocks and is ranked #77. Since the beginning of the year, the industry has moved +7.4%.
Going forward, investors interested in Finance stocks should continue to pay close attention to Cadence and COPT Defense as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Cadence Bank (CADE) Stock Outpacing Its Finance Peers This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cadence (CADE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cadence is one of 871 individual stocks in the Finance sector. Collectively, these companies sit at #1 in 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. Cadence is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CADE's full-year earnings has moved 6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CADE has returned 29.5% so far this year. Meanwhile, the Finance sector has returned an average of 25.6% on a year-to-date basis. This means that Cadence is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is COPT Defense (CDP - Free Report) . The stock is up 28.1% year-to-date.
The consensus estimate for COPT Defense's current year EPS has increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Cadence belongs to the Banks - Southeast industry, a group that includes 55 individual companies and currently sits at #47 in the Zacks Industry Rank. On average, this group has gained an average of 32.3% so far this year, meaning that CADE is slightly underperforming its industry in terms of year-to-date returns.
In contrast, COPT Defense falls under the REIT and Equity Trust - Other industry. Currently, this industry has 96 stocks and is ranked #77. Since the beginning of the year, the industry has moved +7.4%.
Going forward, investors interested in Finance stocks should continue to pay close attention to Cadence and COPT Defense as they could maintain their solid performance.