The overall ratings of seven Commercial Banking stocks are down on Portfolio Grader this week. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).
This week, Oriental Financial Group (NYSE:OFG) falls to a D (“sell”), worse than last week’s grade of C (“hold”). Oriental Financial Group provides trust, money management, financial planning, and investment brokerage services, as well as consumer banking and mortgage banking. In Portfolio Grader’s specific subcategories of Earnings Momentum and Earnings Revisions, OFG also gets F’s. The stock price has dropped 5.8% over the past month, worse than 2.7% increase the S&P 500 has seen over the same period of time. As of August 3, 11.6% of outstanding Oriental Financial Group shares were held short. To get an in-depth look at OFG, get Portfolio Grader’s complete analysis of OFG stock.
The rating of S&T Bancorp (NASDAQ:STBA) declines this week from a C to a D. S&T Bancorp is a bank holding company that provides a full range of financial services and retail and commercial banking products. The stock also rates an F in Earnings Surprise. Wall Street appears to agree with the stock downgrade, with share prices dropping 11% over the past month. For a full analysis of STBA stock, visit Portfolio Grader.
The rating of Iberiabank (NASDAQ:IBKC) slips from a C to a D. Iberiabank is the holding company for Iberiabank, a commercial bank conducting business from a network of offices located throughout Louisiana. The stock also gets an F in Earnings Surprise. Investors seem to agree with the downgrade and have pushed down the share price 10.8% over the past month. For more information, get Portfolio Grader’s complete analysis of IBKC stock.
United Community Banks‘ (NASDAQ:UCBI) rating falls this week to an F (“strong sell”), down from last week’s D (“sell”) last week. United Community Banks provides retail and corporate banking services, including deposit products and loans. The stock gets F’s in Earnings Momentum, Earnings Revisions, and Earnings Surprise. For a full analysis of UCBI stock, visit Portfolio Grader.
Hancock Holding‘s (NASDAQ:HBHC) rating weakens this week, dropping to a D versus last week’s C. Hancock Holding is a multi-bank holding company. To get an in-depth look at HBHC, get Portfolio Grader’s complete analysis of HBHC stock.
Banco Santander-Chile (NYSE:BSAC) experiences a ratings drop this week, going from last week’s C to a D. Banco Santander Chile provides commercial and retail banking services to corporate and individual customers. Wall Street appears to agree with the stock downgrade, with share prices dropping 6.6% over the past month. For more information, get Portfolio Grader’s complete analysis of BSAC stock.
First Busey (NASDAQ:BUSE) gets weaker ratings this week as last week’s C drops to a D. First Busey is a multi-bank holding company. The stock gets F’s in Earnings Surprise and Sales Growth. Share prices fell 5.8% over the past month. For a full analysis of BUSE stock, visit Portfolio Grader.
Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.
