M&T Bank Corp (MTB): Today's Featured Banking Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

M&T Bank ( MTB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole was unchanged today. By the end of trading, M&T Bank fell $1.09 (-1.1%) to $99.09 on average volume. Throughout the day, 1.1 million shares of M&T Bank exchanged hands as compared to its average daily volume of 976,800 shares. The stock ranged in price between $99-$100.16 after having opened the day at $99.43 as compared to the previous trading day's close of $100.18. Other companies within the Banking industry that declined today were: Carver Bancorp ( CARV), down 17.3%, Broadway Financial ( BYFC), down 11.2%, Bank of the James Financial Group ( BOTJ), down 10.7%, and Riverview Bancorp ( RVSB), down 9.2%.
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M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. M&T Bank has a market cap of $12.92 billion and is part of the financial sector. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 32.3% year to date as of the close of trading on Thursday. Currently there are five analysts that rate M&T Bank a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Porter Bancorp ( PBIB), up 12.1%, Village Bank and Trust Financial Corporatio ( VBFC), up 10.3%, Credit Suisse ( UOIL), up 8.4%, and Credit Suisse ( DGAZ), up 7.9%, were all gainers within the banking industry with Regions Financial Corporation ( RF) being today's featured banking industry leader.

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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