Five Top Stocks Granted 'Strong Buy' Status for March 13th

Investors on the lookout for significant stocks to add to their portfolios might want to consider the latest additions to the Zacks Rank #1 (Strong Buy) List as of March 13, 2024. These stocks have shown promising trends based on earnings estimates and could represent strong investment opportunities.

Southside Bancshares, Inc. (SBSI)

Southside Bancshares, Inc., a parent company of Southside Bank, has caught the attention of analysts. There has been a considerable 14.4% rise in the consensus estimate for its current year earnings over the past 60 days. This bank holding company is now under the investor's spotlight.

Eagle Bancorp Montana, Inc. (EBMT)

Eagle Bancorp Montana, Inc., operating Opportunity Bank of Montana, also stands out with an impressive 120% hike in earnings estimates for the current fiscal year. This substantial increase over the last two months has earned it a spot on the Strong Buy list.

LeMaitre Vascular, Inc. (LMAT)

The medical device sector continues to show promise as LeMaitre Vascular, Inc. has seen a 9.3% jump in this year's earnings consensus. The company's focus on vascular devices and implants seems to be paying off in terms of investor confidence.

Abercrombie & Fitch Co. (ANF)

Abercrombie & Fitch Co., the well-known specialty retailer, is not far behind with analysts indicating a 12.2% upward revision in current year earnings expectations. The brand continues to maintain its appeal in the retail industry.

Federated Hermes, Inc. (FHI)

Rounding out the list, Federated Hermes, Inc., a reputable investment manager, has witnessed a 5.5% increase in earnings estimates for the ongoing year. This boost signals a positive outlook for the company's financial performance.

SBSI, EBMT, LMAT, ANF, FHI