Hudson City Bancorp Inc. (HCBK): Today's Featured Financial 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.

Hudson City Bancorp ( HCBK) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 1.0%. By the end of trading, Hudson City Bancorp fell $0.10 (-1.1%) to $9.15 on light volume. Throughout the day, 2,532,553 shares of Hudson City Bancorp exchanged hands as compared to its average daily volume of 3,676,000 shares. The stock ranged in price between $9.13-$9.27 after having opened the day at $9.24 as compared to the previous trading day's close of $9.25. Other companies within the Financial sector that declined today were: Vestin Realty Mortgage I ( VRTA), down 13.9%, Millennium India Acquisition Corporation ( SMCG), down 10.6%, ZipRealty ( ZIPR), down 7.2% and Roberts Realty Investors ( RPI), down 6.9%.

Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Hudson City Bancorp has a market cap of $4.9 billion and is part of the banking industry. Shares are up 15.0% year to date as of the close of trading on Friday. Currently there are no analysts that rate Hudson City Bancorp a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Hudson City Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share.

On the positive front, Homex Development ( HXM), up 19.1%, SP Bancorp ( SPBC), up 10.4%, Noah Holdings ( NOAH), up 9.6% and Bbva Banco FrancesS.A ( BFR), up 9.2% , 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).

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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