Financial stocks have been showing signs of life after a rather
disappointing 2010. Take
, both up +10% since the first of the year. That's almost double
the broader market. This has caused many investors to view
financials as some of the
best stocks for 2011.
But the big banks aren't the only stocks on the rise in 2011. A
number of financial penny stocks and cheap banks trading for just a
few dollars a share are heating up. These bargain financials have
seen some very impressive gains lately. and if this trend
continues, these picks could soar in the months ahead as financials
hit their stride.
Why Bank of America is Your Best Buy
Here are six top
financial penny stocks
for you to consider buying this week:
Village Bank & Trust Financial Corp. (VBFC)
Bank holding company
Village Bank & Trust Financial Corp.
) leads off the list of top financial penny stocks to buy. Over the
past 12 months, this penny stock is up +32%, compared to gains of
+30% and +21% for the NASDAQ and Dow Jones. This stock lost some
ground towards the end of 2010, but in the three months has gained
an impressive +52%. It should also be noted that in its last income
statement, VBFC reported a remarkable quarterly revenue growth of
Manhattan Bridge Capital Inc. (LOAN)
Manhattan Bridge Capital Inc.
) is known for its short term secured non-banking commercial loans
that it provides to small businesses. Over the last 52 weeks, this
financial stock is up +32%, compared to smaller gains by the
broader markets. Likewise, in the last month, LOAD has posted gains
of +12%. While the number is as shocking at VBFC's, LOAN's
quarterly revenue growth was a solid +6%, year-over-year, in its
last income statement.
5 Reasons to Buy Real Estate Now
Sprott Resource Lending Corp. (SILU)
Next on the list is
Sprott Resource Lending Corp.
), which focuses on bridge and mezzanine lending to mining
companies, exploration and development companies, and oil and gas
companies internationally. SILU is currently looking strong after
posting a gain of +5% since the start of 2011. Over the past year,
the stock has climbed +61%, compared to smaller gains by the
broader markets. Importantly, SILU is trading near the high end of
its 52-week range of $1.10 to $1.98.
Atlantic American Corp. (AAME)
Atlantic American Corp.
) is a holding company whose subsidiaries deal with the
well-defined specialty markets within a variety of insurance
industries. In the last year, this penny stock has jumped +60%, and
more recently, it is up +22% in the last three months. This
financial company also posted a quarterly revenue growth of +6%,
year-over-year, recently. Buy AAME stock as it is trading just
pennies away from its 52-week high of $2.25.
Anchor Bancorp Wisconsin Inc. (ABCW)
Anchor Bancorp Wisconsin Inc.
) deals with the savings and loan industry. Like the rest of the
companies on this list, ABCW has shined as of late, and has
skyrocketed +198% in the last three months. This includes a steady
gain of +18% in the last 30 days. With a 52-week range of 40 cents
to $1.90, you should strongly consider buying this penny stock.
Proof that Social Security Taxes are a Good
Central Federal Corp. (CFBK)
Rounding out the list of top financial penny stocks to buy is
Central Federal Corp.
) whose subsidiary is a federally chartered savings association. In
the last month alone, this stock has risen an incredible +80%. This
penny stock was trading at just 45 cents in December, but has since
reached a 52-week high of $2.26. While CFBK has pulled back
slightly from its peak, it has still given its shareholders
tremendous gains in the last few months. Buy this stock before you
miss the next jump.
As of this writing, Louis Navellier did not own a position in
any of the stocks named here.