Community Banks Are Best and Worst Mortgage Stocks on Friday
Community banks were the best and worst performing stocks on a percentage basis in the Mortgage Industry Equity Composite on Friday.
Astoria Financial had the largest percentage loss, closing 1.6% lower than it did on Thursday. During Thursday’s trading the company’s stock price hit a 52-week high.
All told, six MIEC members closed lower, 10 closed higher and one, MGIC Investment Corp., was unchanged.
The largest gainer was OceanFirst Financial, which gained 2.2%. Its much-larger competitor, Bank of America, gained 1.9%.
Fidelity National Financial gained 0.5% in trading the day after it closed on its acquisition of Lender Processing Services.