4 Financial Stocks Pushing Sector Growth

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Financial sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Shinhan Financial Group ( SHG), up 2.6%, KB Financial Group ( KB), up 2.5% and SLM ( SLM), up 1.9%. On the negative front, top decliners within the sector include Corpbanca ( BCA), down 14.2%, UMB Financial Corporation ( UMBF), down 4.8%, Digital Realty ( DLR), down 4.2%, Plum Creek Timber ( PCL), down 2.2% and Banco Santander Chile ( BSAC), down 2.2%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Iberiabank ( IBKC) is one of the companies pushing the Financial sector higher today. As of noon trading, Iberiabank is up $3.62 (5.8%) to $66.25 on heavy volume. Thus far, 217,818 shares of Iberiabank exchanged hands as compared to its average daily volume of 121,600 shares. The stock has ranged in price between $64.15-$67.99 after having opened the day at $66.63 as compared to the previous trading day's close of $62.63.

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. Iberiabank has a market cap of $1.9 billion and is part of the banking industry. The company has a P/E ratio of 29.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Iberiabank a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Iberiabank as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Iberiabank Ratings Report now.

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