First Republic Bank (San Francisco CA) (FRC): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

First Republic Bank (San Francisco CA ( FRC) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.5%. By the end of trading, First Republic Bank (San Francisco CA fell $0.71 (-1.6%) to $42.49 on heavy volume. Throughout the day, 2,875,823 shares of First Republic Bank (San Francisco CA exchanged hands as compared to its average daily volume of 1,245,400 shares. The stock ranged in price between $42.48-$43.15 after having opened the day at $43.05 as compared to the previous trading day's close of $43.20. Other companies within the Banking industry that declined today were: Credit Suisse ( DSLV), down 15.1%, Berkshire Hills Bancorp ( BHLB), down 6.2%, Oak Ridge Financial Services ( BKOR), down 5.2% and First Community Corporation ( FCCO), down 4.8%.

First Republic Bank, together with its subsidiaries, provides personalized, relationship-based preferred banking, business banking, real estate lending, trust, and wealth management services to clients in metropolitan areas of the United States. First Republic Bank (San Francisco CA has a market cap of $5.7 billion and is part of the financial sector. Shares are up 31.8% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate First Republic Bank (San Francisco CA a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates First Republic Bank (San Francisco CA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Bank Bradesco ( BBDO), up 11.6%, 1st Century Bancshrs ( FCTY), up 11.4%, Central Federal ( CFBK), up 10.8% and Emclaire Financial Corporation ( EMCF), up 9.9% , were all gainers within the banking industry with Bank of America Corporation ( BAC) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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