Select Regional Banks Avoid Financial Selloff (STBC, UBFO, IBCP, HBAN, FITB, RF)

Tickerspy’s Regional Bank Index

REGIONAL BANK INVESTING IDEAS

• Popular long ideas: HBAN, RF, FITB
• Popular short ideas: FITB, HBAN, RF
• Top dividend plays: VLY, PRK, CZNC
• Pro favorites: BBT, STT, RF

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REGIONAL BANK COVERAGE

Smaller banks with a regional or local footprint

• Yield Hunter: Regional Bank Increases Dividend 400% (HBAN, PRK, TRST, R, KNX, JBHT, CNW, MNRO)
• Pros' Favorite Regional Banks Were Hammered In Q2 (STT, NTRS, BBT, RF, ZION, FMBI, FITB, OKSB, GRNB, MOFG)

REGIONAL BANK CHART

REGIONAL BANK METRICS

Avg. Market Cap:	$1.8B
Avg. P/E Ratio:	16.7
Avg. Div Yield:	2.1%

Goldman Sachs (GS) is dragging the financial sector lower today after reports that the SEC is filing a civil suit on allegations of fraud. However, select components of the Regional Bank Stocks Index have managed to avoid the turmoil and hang onto sizable gains.

As a whole, the Index has moved 1.1% higher over the last week and 5.5% higher over the last month — enough to outperform the S&P 500 by more than 300 basis points.

Today, the Regional Bank Stocks Index is being led higher by State Bancorp (STBC), which is up 6.0% after reporting first-quarter net income of $3 million or 15 cents per share. Meanwhile, United Security Bancshares (UBFO) and Independent Bank Corp (IBCP) are both up by more than 3%. Investors should note that both of the latter trade on relatively low volume.

tickerspy member favorites in the Regional Bank Stocks Index include Huntington Bancshares (HBAN), which is off by -5%, Fifth Third Bancorp (FITB), down by -4.75%, and Regions Financial Corp (RF), which is slipping by -3.4%.

It will be interesting to see how the Regional Bank Stocks Index reacts to any developments in the Goldman story moving forward.

Tags: FITB, HBAN, IBCP, RF, STBC, UBFO