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:
First Acceptance (FAC)
First Acceptance gained 5.58% to $2.46. The gains came on a volume of 33,992 shares against an average daily volume of 41,172 shares. First Acceptance has had a trading range from $2.95 to $1.45 over the last year, its P/E ratio is 12.5, it has a 50-day SMA of $2.43, and a 200-day SMA of $2.31.
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.
Frmo Corp (FRMO)
Frmo Corp gained 2.19% to $8.85. The gains came on a volume of 2,412 shares against an average daily volume of 1,978 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 $8.88, and a 200-day SMA of $7.65.
Doral Financial Corp. (DRL)
Doral Financial Corp. gained 1.65% to $5.53. The gains came on a volume of 386,929 shares against an average daily volume of 1,308,269 shares. Doral Financial Corp. has had a trading range from $24.74 to $1.87 over the last year, it has a 50-day SMA of $4.79, and a 200-day SMA of $10.56.
Doral Financial Corporation is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries.
Suffolk Bancorp (SUBK)
Suffolk Bancorp gained 1.46% to $21.54. The gains came on a volume of 18,752 shares against an average daily volume of 25,239 shares. Suffolk Bancorp has had a trading range from $23.08 to $16.25 over the last year, its P/E ratio is 16.5, it has a 50-day SMA of $21.86, and a 200-day SMA of $20.90.
Suffolk Bancorp owns all of the outstanding capital stock of the Suffolk County National Bank of Riverhead. The Bank offers domestic commercial and retail banking services and wealth management services.
American Independence Corp. (AMIC)
American Independence Corp. gained 1.44% to $11.98. The gains came on a volume of 6,830 shares against an average daily volume of 3,101 shares. American Independence Corp. has had a trading range from $13.45 to $7.39 over the last year, its P/E ratio is 27.1, it has a 50-day SMA of $12.09, and a 200-day SMA of $11.45.
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.
All data provided by QuoteMedia and was accurate as of 4:30 pm ET.