Today's Featured Banking Gainer: SunTrust Banks Inc (STI)

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.

SunTrust Banks ( STI) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.3%. By the end of trading, SunTrust Banks rose 63 cents (2.3%) to $28.04 on average volume. Throughout the day, 7.1 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 5.5 million shares. The stock ranged in a price between $27-$28.09 after having opened the day at $27 as compared to the previous trading day's close of $27.41. Other companies within the Banking industry that increased today were: Bank VA Chesterfield ( BOVA), up 20.6%, Cordia Bancorp ( BVA), up 20.6%, Citizens Community Bancorp ( CZWI), up 5.9%, and Old Line ( OLBK), up 5.2%.
  • 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.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $14.81 billion and is part of the financial sector. The company has a P/E ratio of 7.6, below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate SunTrust Banks a buy, four analysts rate it a sell, and 10 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 revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Access National Corporation ( ANCX), down 21.1%, Credit Suisse ( DGAZ), down 13.8%, National Bank of Greece ( NBG), down 7.7%, and Shore ( SHBI), down 4.6%, were all laggards within the banking industry with U.S. Bancorp ( USB) being today's banking industry laggard.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null