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.
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Signature Bank fell $1.47 (-1.1%) to $126.49 on heavy volume. Throughout the day, 785,223 shares of Signature Bank exchanged hands as compared to its average daily volume of 314,900 shares. The stock ranged in price between $125.06-$128.95 after having opened the day at $128.48 as compared to the previous trading day's close of $127.96. Other companies within the Banking industry that declined today were:
), down 8.3%,
), down 4.4%,
), down 4.0% and
), down 3.1%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Signature Bank provides various commercial banking products and services. Signature Bank has a market cap of $6.1 billion and is part of the financial sector. Shares are up 19.1% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Signature Bank a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Signature Bank Ratings Report.
On the positive front,
), up 9.4%,
), up 8.7%,
), up 7.0% and
), up 6.7% , were all gainers within the banking industry with
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.