People's United Financial Inc. (PBCT): 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.

People's United Financial ( PBCT) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole was unchanged today. By the end of trading, People's United Financial fell $0.21 (-1.4%) to $15.38 on heavy volume. Throughout the day, 5,252,837 shares of People's United Financial exchanged hands as compared to its average daily volume of 2,903,000 shares. The stock ranged in price between $15.34-$15.68 after having opened the day at $15.60 as compared to the previous trading day's close of $15.59. Other companies within the Banking industry that declined today were: Credit Suisse ( DSLV), down 8.6%, PSB Holdings ( PSBH), down 7.5%, Old Second Bancorp ( OSBC), down 6.2% and American River Bankshares ( AMRB), down 5.2%.

People's United Financial, Inc. operates as the bank holding company for People's United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers. People's United Financial has a market cap of $4.9 billion and is part of the financial sector. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate People's United Financial a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates People's United Financial as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Broadway Financial ( BYFC), up 9.7%, Credit Suisse ( USLV), up 8.9%, Carver Bancorp ( CARV), up 8.8% and First United ( FUNC), up 7.5% , were all gainers within the banking industry with Deutsche Bank ( DB) 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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