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Popular Inc (BPOP): Today's Featured Banking Loser

Popular Inc ( BPOP) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day up 1.4%. By the end of trading, Popular Inc fell 7 cents (-4.5%) to $1.47 on average volume. Throughout the day, eight million shares of Popular Inc exchanged hands as compared to its average daily volume of 10.2 million shares. The stock ranged in price between $1.45-$1.56 after having opened the day at $1.56 as compared to the previous trading day's close of $1.54. Other company's within the Banking industry that declined today were: Carver Bancorp Inc ( CARVD), down 21.8%, Carver Bancorp Inc ( CARV), down 21.8%, Central Virginia Bankshares Inc ( CVBK), down 13.3%, and MBT Financial Corporation ( MBTF), down 10.8%.

Popular, Inc., through its subsidiaries, provides a range of retail and commercial banking products and services primarily to corporate clients, small and middle size businesses, and retail clients in Puerto Rico and Mainland United States. Popular Inc has a market cap of $1.53 billion and is part of the financial sector. Shares are down 51% year to date as of the close of trading on Friday.

TheStreet Ratings rates Popular as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Tennessee Commerce Bancorp Inc ( TNCC), up 113.5%, First Security Group Inc ( FSGI), up 70.2%, Atlantic Coast Financial ( ACFC), up 45.1%, and Summit Financial Group Inc ( SMMF), up 32.5%, were all gainers within the banking industry with PNC Financial Services Group Inc ( PNC) being today's featured banking industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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