Signature Bank (SBNY): 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.

Signature Bank ( SBNY) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Signature Bank fell $2.32 (-1.8%) to $126.97 on average volume. Throughout the day, 499,021 shares of Signature Bank exchanged hands as compared to its average daily volume of 343,000 shares. The stock ranged in price between $126.45-$130.86 after having opened the day at $129.47 as compared to the previous trading day's close of $129.29. Other companies within the Banking industry that declined today were: United Security ( USBI), down 4.8%, First Financial Service Corporation ( FFKY), down 4.6%, Doral Financial ( DRL), down 3.9% and Home Federal Bancorp Inc of louisiana ( HFBL), down 3.8%.

Signature Bank provides various business and personal banking products and services. Signature Bank has a market cap of $5.9 billion and is part of the financial sector. Shares are up 16.9% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Signature Bank a buy, no analysts rate it a sell, and 7 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 good cash flow from operations. 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 positive front, Sun Bancorp ( SNBC), up 11.2%, Mackinac Financial Corporation ( MFNC), up 6.6%, First United ( FUNC), up 6.4% and Southwest Georgia Financial Corporation ( SGB), up 6.2% , were all gainers within the banking industry with PacWest Bancorp ( PACW) 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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