The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Adamas Trust (ADAM) 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.
Adamas Trust is a member of the Finance sector. This group includes 831 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Adamas Trust is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ADAM's full-year earnings has moved 5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ADAM has returned 24.7% so far this year. At the same time, Finance stocks have gained an average of 1.6%. This means that Adamas Trust is performing better than its sector in terms of year-to-date returns.
Bankwell Financial Group, Inc. (BWFG) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 16.2%.
In Bankwell Financial Group, Inc.'s case, the consensus EPS estimate for the current year increased 3.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Adamas Trust belongs to the REIT and Equity Trust industry, which includes 27 individual stocks and currently sits at #225 in the Zacks Industry Rank. On average, stocks in this group have lost 4.3% this year, meaning that ADAM is performing better in terms of year-to-date returns.
On the other hand, Bankwell Financial Group, Inc. belongs to the Banks - Northeast industry. This 69-stock industry is currently ranked #96. The industry has moved +11.3% year to date.
Investors interested in the Finance sector may want to keep a close eye on Adamas Trust and Bankwell Financial Group, Inc. as they attempt to continue their solid performance.
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Adamas Trust, Inc. (ADAM): Free Stock Analysis Report
Bankwell Financial Group, Inc. (BWFG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).