Signature Bank (SBNY): Today's Featured Banking Winner

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.

Signature Bank ( SBNY) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.5%. By the end of trading, Signature Bank rose $3.38 (2.7%) to $129.47 on average volume. Throughout the day, 458,743 shares of Signature Bank exchanged hands as compared to its average daily volume of 310,300 shares. The stock ranged in a price between $126.20-$129.68 after having opened the day at $126.61 as compared to the previous trading day's close of $126.09. Other companies within the Banking industry that increased today were: VelocityShares 3x Inverse Silver ETN S&P GS ( DSLV), up 8.3%, VelocityShares 3x Inverse Natural Gas ETN ( DGAZ), up 7.8%, Wellesley Bancorp ( WEBK), up 6.3% and Elmira Savings Bank Elmira NY ( ESBK), up 5.6%.

Signature Bank provides various commercial banking products and services. Signature Bank has a market cap of $6.0 billion and is part of the financial sector. Shares are up 17.4% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Signature Bank a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Signature Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, Royal Bancshares of Pennsylvania ( RBPAA), down 8.6%, VelocityShares 3x Long Silver ETN linked to ( USLV), down 8.6%, VelocityShares 3x Long Natural Gas ETN ( UGAZ), down 7.7% and Patriot National Bancorp ( PNBK), down 7.3% , were all laggards within the banking industry with Royal Bank Of Canada ( RY) being today's banking industry laggard.

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).

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