BSAC, OCN And ALL, Pushing Financial Sector Downward

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,140 as of Tuesday, Feb. 18, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,063 issues advancing vs. 873 declining with 164 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Ventas ( VTR), down 1.1%, and State Street ( STT), down 0.7%. Top gainers within the sector include Royal Bank of Scotland Group (The ( RBS), up 4.8%, Mitsubishi UFJ Financial Group ( MTU), up 4.2%, KB Financial Group ( KB), up 4.2%, Woori Finance Holdings ( WF), up 3.4% and Nomura Holdings ( NMR), up 3.0%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Banco Santander Chile ( BSAC) is one of the companies pushing the Financial sector lower today. As of noon trading, Banco Santander Chile is down $0.44 (-2.0%) to $21.82 on average volume. Thus far, 176,380 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 328,800 shares. The stock has ranged in price between $21.80-$22.30 after having opened the day at $22.21 as compared to the previous trading day's close of $22.26.

Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through two segments, Commercial Banking, and Global Banking and Markets. Banco Santander Chile has a market cap of $10.5 billion and is part of the banking industry. Shares are down 5.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Banco Santander Chile a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Banco Santander Chile as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Banco Santander Chile Ratings Report now.

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

2. As of noon trading, Ocwen Financial Corporation ( OCN) is down $1.27 (-3.4%) to $36.58 on average volume. Thus far, 1.4 million shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $36.43-$37.87 after having opened the day at $37.60 as compared to the previous trading day's close of $37.85.

Ocwen Financial Corporation, through its subsidiaries, engages in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial Corporation has a market cap of $5.1 billion and is part of the banking industry. Shares are down 31.7% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Ocwen Financial Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ocwen Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, expanding profit margins, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Ocwen Financial Corporation Ratings Report now.

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

1. As of noon trading, Allstate ( ALL) is down $0.37 (-0.7%) to $52.59 on average volume. Thus far, 1.1 million shares of Allstate exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $52.40-$53.17 after having opened the day at $53.09 as compared to the previous trading day's close of $52.96.

The Allstate Corporation, through its subsidiaries, engages in the provision of personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $24.1 billion and is part of the insurance industry. Shares are down 2.9% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Allstate a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Allstate as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Allstate Ratings Report now.

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

If you are interested in one of these 3 stocks, 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).

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