SunTrust Banks Inc (STI): Today's Featured Banking Winner - TheStreet

SunTrust Banks

(

STI

) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.4%. By the end of trading, SunTrust Banks rose 60 cents (2.7%) to $22.72 on average volume. Throughout the day, 7.4 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 6.9 million shares. The stock ranged in a price between $22.06-$22.85 after having opened the day at $22.13 as compared to the previous trading day's close of $22.13. Other companies within the Banking industry that increased today were:

Plumas Bancorp

(

PLBC

), up 17.2%,

Royal Bancshares of Pennsylvania

(

RBPAA

), up 15.7%,

Southern Community Financial

(

SCMF

), up 14.2%, and

Magyar Bancorp

(

MGYR

), up 13.4%.

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SunTrust Banks, Inc. operates as the holding company for SunTrust Bank, which provides various financial services in the United States. SunTrust Banks has a market cap of $12.39 billion and is part of the

financial

sector. The company has a P/E ratio of 17.4, below the average banking industry P/E ratio of 17.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 30.1% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate SunTrust Banks a buy, three analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates SunTrust Banks as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front,

Central Federal

(

CFBK

), down 13.5%,

Credit Suisse

(

DGAZ

), down 10.9%,

Colony Bankcorp

(

CBAN

), down 9.1%, and

United Security

(

USBI

), down 8.2%, were all losers within the banking industry with

UBS

(

UBS

) being today's banking industry loser.

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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