3 Stocks Underperforming Today In The Banking Industry

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 44 points (0.2%) at 18,603 as of Wednesday, July 20, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,983 issues advancing vs. 916 declining with 144 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is up 0.4%.

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

3. BankUnited ( BKU) is one of the companies pushing the Banking industry lower today. As of noon trading, BankUnited is down $2.50 (-7.7%) to $30.24 on heavy volume. Thus far, 3.2 million shares of BankUnited exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $29.80-$32.24 after having opened the day at $32.24 as compared to the previous trading day's close of $32.75.

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BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual customers in the United States. BankUnited has a market cap of $3.4 billion and is part of the financial sector. Shares are down 9.2% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate BankUnited a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BankUnited as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. 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 BankUnited Ratings Report now.

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