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3 Stocks Pushing The Financial Sector Lower

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.

The Financial sector as a whole closed the day up 0.5% versus the S&P 500, which was up 0.6%. Laggards within the Financial sector included Vestin Realty Mortgage I ( VRTA), down 3.4%, Glen Burnie Bancorp ( GLBZ), down 3.5%, Rand Capital ( RAND), down 1.5%, First Capital Bancorp ( FCVA), down 2.5% and IFM Investments ( CTC), down 10.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Noah Holdings ( NOAH) is one of the companies that pushed the Financial sector lower today. Noah Holdings was down $0.52 (3.8%) to $13.26 on average volume. Throughout the day, 354,699 shares of Noah Holdings exchanged hands as compared to its average daily volume of 364,200 shares. The stock ranged in price between $13.10-$13.98 after having opened the day at $13.87 as compared to the previous trading day's close of $13.78.

Noah Holdings Limited, through its subsidiaries, operates as a wealth management service provider with focus on distributing wealth management products in the People's Republic of China. Noah Holdings has a market cap of $762.0 million and is part of the financial services industry. Shares are down 23.4% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate Noah Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Noah Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from TheStreet Ratings analysis on NOAH go as follows:

  • NOAH's very impressive revenue growth greatly exceeded the industry average of 5.2%. Since the same quarter one year prior, revenues leaped by 54.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. In comparison to the other companies in the Capital Markets industry and the overall market, NOAH HOLDINGS LTD -ADR's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
  • NOAH HOLDINGS LTD -ADR reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, NOAH HOLDINGS LTD -ADR increased its bottom line by earning $0.93 versus $0.42 in the prior year. This year, the market expects an improvement in earnings ($1.17 versus $0.93).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Capital Markets industry. The net income increased by 75.6% when compared to the same quarter one year prior, rising from $9.61 million to $16.88 million.
  • The gross profit margin for NOAH HOLDINGS LTD -ADR is currently very high, coming in at 77.84%. Regardless of NOAH's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, NOAH's net profit margin of 33.57% significantly outperformed against the industry.

You can view the full analysis from the report here: Noah Holdings Ratings Report

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