Fifth Third Bancorp (FITB): 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.

Fifth Third Bancorp ( FITB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Fifth Third Bancorp fell $0.26 (-1.3%) to $20.35 on average volume. Throughout the day, 10,304,906 shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 8,478,900 shares. The stock ranged in price between $20.30-$20.68 after having opened the day at $20.56 as compared to the previous trading day's close of $20.61. Other companies within the Banking industry that declined today were: Royal Bancshares of Pennsylvania ( RBPAA), down 10.7%, Ocwen Financial ( OCN), down 7.4%, Meta Financial Group ( CASH), down 5.2% and Independent Bank Group ( IBTX), down 4.9%.

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third Bancorp has a market cap of $17.4 billion and is part of the financial sector. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Fifth Third Bancorp a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, First Federal of Northern Michigan Bancorp ( FFNM), up 8.4%, QC Holdings ( QCCO), up 7.7%, Lloyds Banking Group ( LYG), up 5.4% and Westfield Financial ( WFD), up 5.4% , were all gainers within the banking industry with Signature Bank ( SBNY) 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.

More from Markets

Facebook Extends Slide as Investors Prep For Crucial Q1 Earnings Release

Facebook Extends Slide as Investors Prep For Crucial Q1 Earnings Release

Credit Suisse Surges After Strong Q1, Record Wealth Management Inflows

Credit Suisse Surges After Strong Q1, Record Wealth Management Inflows

Global Stocks Slide as Yield Pressure, Commodity Surge Prompts Equity Exit

Global Stocks Slide as Yield Pressure, Commodity Surge Prompts Equity Exit

Asian Markets Decline in Morning Trading

Asian Markets Decline in Morning Trading

Verizon Proves Resilient in Sell-Off; Decoding the Facebook Short -- ICYMI

Verizon Proves Resilient in Sell-Off; Decoding the Facebook Short -- ICYMI