Northern Trust Corporation (NTRS): Today's Featured Banking Loser

Northern Trust Corporation ( NTRS) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.4%. By the end of trading, Northern Trust Corporation fell 66 cents (-1.5%) to $43.03 on average volume. Throughout the day, one million shares of Northern Trust Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $42.88-$43.69 after having opened the day at $43.38 as compared to the previous trading day's close of $43.69. Other company's within the Banking industry that declined today were: Colony Bankcorp ( CBAN), down 16%, Monarch Community Bancorp ( MCBF), down 10.4%, Popular ( BPOP), down 7.3%, and WSB Holdings ( WSB), down 7.2%.

Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, and fiduciary and banking solutions for corporations, institutions, families, and individuals worldwide. Northern Trust Corporation has a market cap of $10.33 billion and is part of the financial sector. The company has a P/E ratio of 17, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Northern Trust Corporation a buy, two analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Northern Trust Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front, Severn Bancorp ( SVBI), up 16.6%, BankAtlantic Bancorp ( BBX), up 15.1%, Green Bankshares ( GRNB), up 13.4%, and Farmers National Banc Corporation ( FMNB), up 6.7%, were all gainers within the banking industry with PNC Financial Services Group ( PNC) being today's featured banking industry winner.

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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