Financial Sector's Featured Straggler Of The Day: Zions Bancorporation (ZION)

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.

Zions ( ZION) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole was unchanged today. By the end of trading, Zions fell 30 cents (-1.2%) to $24.48 on average volume. Throughout the day, 1.8 million shares of Zions exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $24.35-$24.91 after having opened the day at $24.89 as compared to the previous trading day's close of $24.78. Other companies within the Financial sector that declined today were: NASDAQ OMX Group ( NDAQ), down 12.8%, US Global Investors ( GROW), down 9.1%, Prudential Bancorp Inc. of Pennsylvania ( PBIP), down 8.5%, and Vestin Realty Mortgage I ( VRTA), down 7.9%.
  • 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.

Zions Bancorporation, a financial holding company, provides banking and related services in the United States. Zions has a market cap of $4.6 billion and is part of the banking industry. The company has a P/E ratio of 25.8, above the S&P 500 P/E ratio of 17.7. Shares are up 15.8% year to date as of the close of trading on Monday. Currently there are six analysts that rate Zions a buy, one analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Zions as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, BGC Partners ( BGCP), up 48.6%, Altisource Residential Corporation ( RESI), up 30.3%, Credit Suisse ( UOIL), up 17%, and eHealth ( EHTH), up 15.7%, were all gainers within the financial sector with Capital One Financial ( COF) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.