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The Banking industry as a whole closed the day down 0.5% versus the S&P 500, which was down 1.7%. Laggards within the Banking industry included

Broadway Financial

(

BYFC

), down 8.7%,

Cordia Bancorp

(

BVA

), down 5.8%,

QC Holdings

(

QCCO

), down 2.4%,

Central Federal

(

CFBK

TheStreet Recommends

), down 3.0% and

County Bancorp

(

ICBK

), down 1.6%.

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

Royal Bank of Scotland Group (The

(

RBS

) is one of the companies that pushed the Banking industry lower today. Royal Bank of Scotland Group (The was down $0.32 (3.1%) to $9.96 on average volume. Throughout the day, 911,569 shares of Royal Bank of Scotland Group (The exchanged hands as compared to its average daily volume of 752,200 shares. The stock ranged in price between $9.96-$10.22 after having opened the day at $10.18 as compared to the previous trading day's close of $10.28.

The Royal Bank of Scotland Group plc, through its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. Royal Bank of Scotland Group (The has a market cap of $61.0 billion and is part of the financial sector. Shares are down 15.1% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Royal Bank of Scotland Group (The a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates

Royal Bank of Scotland Group (The

as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself.

Highlights from TheStreet Ratings analysis on RBS go as follows:

  • The gross profit margin for ROYAL BANK OF SCOTLAND GROUP is currently very high, coming in at 86.13%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, RBS's net profit margin of 7.61% significantly trails the industry average.
  • ROYAL BANK OF SCOTLAND GROUP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ROYAL BANK OF SCOTLAND GROUP turned its bottom line around by earning $0.00 versus -$2.68 in the prior year. This year, the market expects an increase in earnings to $51.34 from $0.00.
  • RBS, with its decline in revenue, slightly underperformed the industry average of 3.0%. Since the same quarter one year prior, revenues fell by 11.5%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The share price of ROYAL BANK OF SCOTLAND GROUP has not done very well: it is down 9.08% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Commercial Banks industry. The net income has significantly decreased by 50.2% when compared to the same quarter one year ago, falling from $1,152.75 million to $574.44 million.

You can view the full analysis from the report here:

Royal Bank of Scotland Group (The Ratings Report

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At the close,

County Bancorp

(

ICBK

) was down $0.30 (1.6%) to $18.00 on average volume. Throughout the day, 1,316 shares of County Bancorp exchanged hands as compared to its average daily volume of 1,500 shares. The stock ranged in price between $18.00-$18.22 after having opened the day at $18.22 as compared to the previous trading day's close of $18.30.

County Bancorp has a market cap of $104.7 million and is part of the financial sector. Shares are unchanged year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates County Bancorp a buy, no analysts rate it a sell, and none rate it a hold.

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QC Holdings

(

QCCO

) was another company that pushed the Banking industry lower today. QC Holdings was down $0.05 (2.4%) to $1.81 on heavy volume. Throughout the day, 15,655 shares of QC Holdings exchanged hands as compared to its average daily volume of 8,200 shares. The stock ranged in price between $1.81-$1.89 after having opened the day at $1.86 as compared to the previous trading day's close of $1.86.

QC Holdings, Inc. and its subsidiaries provide various financial services. The company operates through three segments: Branch Lending, Centralized Lending, and E-Lending. QC Holdings has a market cap of $34.1 million and is part of the financial sector. Shares are up 13.1% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates

QC Holdings

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income and poor profit margins.

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Highlights from TheStreet Ratings analysis on QCCO go as follows:

  • The share price of QC HOLDINGS INC has not done very well: it is down 23.42% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Consumer Finance industry. The net income has significantly decreased by 627.4% when compared to the same quarter one year ago, falling from $0.19 million to -$0.98 million.
  • The gross profit margin for QC HOLDINGS INC is rather low; currently it is at 17.57%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -3.06% is significantly below that of the industry average.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Consumer Finance industry and the overall market, QC HOLDINGS INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • QC HOLDINGS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, QC HOLDINGS INC turned its bottom line around by earning $0.29 versus -$0.56 in the prior year.

You can view the full analysis from the report here:

QC Holdings Ratings Report

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