Northern Trust Corporation (NTRS): 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.

Northern Trust Corporation ( NTRS) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Northern Trust Corporation fell $0.71 (-1.2%) to $58.50 on light volume. Throughout the day, 1,006,280 shares of Northern Trust Corporation exchanged hands as compared to its average daily volume of 1,422,400 shares. The stock ranged in price between $58.38-$59.10 after having opened the day at $59.05 as compared to the previous trading day's close of $59.21. Other companies within the Banking industry that declined today were: Village Bank and Trust Financial Corporatio ( VBFC), down 9.6%, Bank Bradesco ( BBDO), down 8.6%, Cordia Bancorp ( BVA), down 7.7% and Royal Bancshares of Pennsylvania ( RBPAA), down 6.7%.

Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions worldwide. Northern Trust Corporation has a market cap of $14.2 billion and is part of the financial sector. Shares are up 18.6% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Northern Trust Corporation a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Northern Trust Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, solid stock price performance and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Magyar Bancorp ( MGYR), up 19.0%, Crescent Financial ( VSB), up 7.2%, Patriot National Bancorp ( PNBK), up 5.8% and WVS Financial ( WVFC), up 5.7%.

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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