Small-cap financial stocks offer a distinctly different investment thesis than their massive cousins on Wall Street, but one that can be financially rewarding with the right approach. Equities.com's Small-Cap Stars, our proprietary list of small-cap companies with metrics that indicate the highest chance of future success, can help identify which of those growing, small-cap financial companies could be the diamond in the rough that pays off in the long run.
Here are today's top-performing financial stocks from the Small-Cap Stars:
Peoples Bancorp Of North Carolina Inc (PEBK)
Peoples Bancorp Of North Carolina Inc gained 6.13% to $16.98. The gains came on a volume of 9,491 shares against an average daily volume of 3,812 shares. Peoples Bancorp Of North Carolina Inc has had a trading range from $17.50 to $12.01 over the last year, its P/E ratio is 13, it has a 50-day SMA of $16.49, and a 200-day SMA of $15.10.
Peoples Bancorp of NC serves as the holding company for Peoples Bank. It is a commercial bank serving the citizens and business interests of the Catawba Valley and surrounding communities.
Frmo Corp (FRMO)
Frmo Corp gained 2.31% to $8.85. The gains came on a volume of 233 shares against an average daily volume of 2,511 shares. Frmo Corp has had a trading range from $9.50 to $4.02 over the last year, it has a 50-day SMA of $8.91, and a 200-day SMA of $7.51.
United Insurance Holdings Corp (UIHC)
United Insurance Holdings Corp gained 1.75% to $16.85. The gains came on a volume of 191,703 shares against an average daily volume of 318,939 shares. United Insurance Holdings Corp has had a trading range from $18.56 to $7.20 over the last year, its P/E ratio is 9.9, it has a 50-day SMA of $17.12, and a 200-day SMA of $13.60.
United Insurance Holdings Corp along with its subsidiaries is engaged in the property and casualty insurance business in Florida, South Carolina, and Massachusetts, among others. It also offers reinsurance services.
First Acceptance (FAC)
First Acceptance gained 1.66% to $2.45. The gains came on a volume of 116,569 shares against an average daily volume of 44,037 shares. First Acceptance has had a trading range from $2.95 to $1.45 over the last year, its P/E ratio is 13.5, it has a 50-day SMA of $2.44, and a 200-day SMA of $2.27.
First Acceptance Corp is a retailer, servicer & underwriter of non-standard personal automobile insurance. It writes non-standard personal automobile insurance in 12 states and are licensed as an insurer in 13 additional states.
American Independence Corp. (AMIC)
American Independence Corp. gained 1.5% to $12.18. The gains came on a volume of 10,383 shares against an average daily volume of 3,224 shares. American Independence Corp. has had a trading range from $13.45 to $7.39 over the last year, its P/E ratio is 27.8, it has a 50-day SMA of $11.94, and a 200-day SMA of $11.37.
American Independence Corp is an insurance holding Company, which provides specialized health coverage and related services to commercial customers and individuals.
Equities.com's Small-Cap Stars - A Smart Place to Store Your Money
Nailing down precisely which small-cap financial companies offer the best returns over time can be difficult, with a range of assets and liabilities spread over hundreds of balance sheets to consider. However, the Small-Cap Stars system takes the most successful financial small caps of years past, compares them using a complicated statistical regression that utilizes dozens of metrics creates a profile of a successful small-cap financial company prior to its growth with that regression, and then identifies which small caps are currently the best fits for that profile.
Given that the financial industry is one where a lot of leverage goes a long way, the screen found some of the most predictive traits to be high levels of total debt, high volatility in stock price, and a high book value of its assets.