Banking and Investment Stocks, December 5 – Heritage Financial Group Top Performer among Financial Companies

Banking and Investment Stocks, December 5 - Heritage Financial Group Top Performer among Financial CompaniesHeritage Financial Group Inc (NASDAQ: HBOS) was the top company among financial institutions in Thursday’s trading session, as the company added 6.42 percent, or $1.14, to $18.90 per share. The company’s market capitalization is now at $148.07 million. Heritage Financial Group Inc., which was once known simply as Heritage Financial Group, is the holding company for Heritage Bank of the South, an institution which is primarily involved in attracting retail and commercial deposits from consumers and investing these funds in a number of purposes.

Other big gainers in the financial sector in yesterday’s trading included JMP Group Inc. (NYSE: JMP), which jumped 4.59 percent ($0.31) to $7.07 per share, Center Bancorp Inc. (NASDAQ: CNBC), which moved up 3.46 percent ($0.58) to $17.33 per share, SI Financial Group Inc. (NASDAQ: SIFI), which is now at $12.01 per share after a 3 percent ($0.35) gain, and Banco de Chile (ADR) (NYSE: BCH), which is trading at $88.72 per share after a gain of 2.91 percent, or $2.51.

Market capitalization for the following institutions is at $155.56 million for JMP Group, $238.67 million for Center Bancorp, $121.44 million for SI Financial Group, and $13.78 billion for Banco de Chile.

On the other side of the spectrum, C&F Financial Corp. (NASDAQ: CFFI) was the biggest loser in the financial sector, losing 5.35 percent ($2.77) yesterday and closing at $49.02 per share. The company now has a market capitalization of $164.36 million. C&F Financial Corp. is a bank holding company, and is the owner of Citizens and Farmers Bank, a commercial bank that currently has five wholly owned subsidiaries, including C&F Mortgage Corporation.

Other banks and related institutions among yesterday’s top five losers in the sector included Grupo Financiero Galicia S.A. (ADR) (NASDAQ: GGAL), which fell 4.60 percent ($0.55) to $11.41 per share, The First Marblehead Corporation (NYSE: FMD), which is now at $7.03 per share after a drop of 4.48 percent, or $0.33, Farmers Capital Bank Corp (NASDAQ: FFKT), which retreated 4.45 percent ($0.99) to $21.25 per share, and Banco Macro SA (ADR) (NYSE: BMA), which is trading at $27.21 per share after losing 4.32 percent ($1.23).

Market capitalization is presently as follows: $1.59 billion for Grupo Financiero Galicia S.A., $793.16 million for First Marblehead Corporation, $158.88 million for Farmers Capital Bank Corp, and $1.62 billion for Banco Macro SA.

Yesterday’s most actives were led by Bank of America Corp. (NYSE: BAC), which conceded first on Wednesday and gained the lead back yesterday; the bank is now trading at $15.43 per share after a 1.28 percent ($0.20) decline, and its market capitalization is valued at $164.84 billion.

At second place was Wednesday’s leader, Citigroup Inc. (NYSE: C), which lost 1.88 percent ($0.98) and is now at $51.06 per share. Also listed among most actives were JPMorgan Chase & Co. (NYSE: JPM), which is trading at $55.82 after a decline of 2.40 percent ($1.37), Wells Fargo & Co. (NYSE: WFC), which lost 1.14 percent ($0.50) and is now at $43.25 per share, and Visa Inc. (NYSE: V), which dropped 0.51 percent ($1.03) to $201.71 per share.

Market capitalization is now at $154.87 billion for Citigroup, $209.84 billion for JPMorgan Chase & Co., $227.82 billion for Wells Fargo & Co., and $128.40 billion for Visa.