Group 1 - First Bancorp (FBP) is currently outperforming the Finance sector with a year-to-date gain of approximately 4.4%, compared to the sector's average return of 4% [4] - The Zacks Rank for First Bancorp is 2 (Buy), indicating a positive earnings outlook based on earnings estimates and revisions [3] - The Zacks Consensus Estimate for FBP's full-year earnings has increased by 3.9% in the past quarter, reflecting improved analyst sentiment [4] Group 2 - First Bancorp is part of the Banks - Southeast industry, which ranks 21 in the Zacks Industry Rank, and has performed better than the industry average, which has seen a loss of about 0.2% year-to-date [6] - Another Finance stock, Colony Bankcorp (CBAN), has also outperformed the sector with a year-to-date return of 4.7% and has a Zacks Rank of 1 (Strong Buy) [5][6] - Investors in the Finance sector should monitor both First Bancorp and Colony Bankcorp for their continued strong performance [7]
Is First BanCorp. (FBP) Stock Outpacing Its Finance Peers This Year?