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Relatively High Debt to Asset Ratio Detected in Shares of CIT Group in the Regional Banks Industry (CIT, RBCAA, FCF, FFIC, SBSI)

By Shiri Gupta

Below are the three companies in the Regional Banks industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

CIT Group ranks highest with a a debt to asset ratio of 0.28. Republic Bancorp is next with a a debt to asset ratio of 0.26. First Commonwealth Financial ranks third highest with a a debt to asset ratio of 0.23.

Flushing Financial follows with a a debt to asset ratio of 0.22, and Southside Bancshares rounds out the top five with a a debt to asset ratio of 0.21.

SmarTrend recommended that subscribers consider buying shares of Southside Bancshares on January 29th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $21.80. Since that recommendation, shares of Southside Bancshares have risen 34.3%. We continue to monitor Southside Bancshares for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio CIT Group republic bancorp first commonwealth financial flushing financial southside bancshares