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Fifth Third Bancorp (FITB): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Fifth Third Bancorp ( FITB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Fifth Third Bancorp fell $0.90 (-4.1%) to $20.95 on heavy volume. Throughout the day, 16,938,624 shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 8,219,900 shares. The stock ranged in price between $20.75-$21.52 after having opened the day at $21.31 as compared to the previous trading day's close of $21.85. Other companies within the Banking industry that declined today were: First Financial Service Corporation ( FFKY), down 7.3%, Intermountain Community Bancorp ( IMCB), down 6.5%, PSB Holdings ( PSBH), down 5.7% and Patriot National Bancorp ( PNBK), down 5.3%.

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third Bancorp has a market cap of $18.4 billion and is part of the financial sector. Shares are up 3.9% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Fifth Third Bancorp a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, good cash flow from operations, notable return on equity and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Athens Bancshares Corporation ( AFCB), up 28.0%, National Bank of Greece ( NBG), up 6.2%, PrivateBancorp ( PVTB), up 6.1% and First BanCorp ( FBP), up 5.3% , were all gainers within the banking industry with UBS ( UBS) being today's featured banking industry leader.

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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