Monday, September 2, 2013

Pennsylvania Smaller Non-Financial Corps Stock Prices Up 171% Since President Obama Took Office

From a review of SEC filings, I found 68 Smaller Corps headquartered in the State of Pennsylvania.....27 Financial and 41 Non-Financial..... which generated Core, Ongoing Pretax Income or Pretax Loss of at lease $10 mil any of the three years 2007 to 2009, but also Audited US GAAP After-tax Net Income or Net Loss of below $100 mil in all of the five years from 2007 to 2011, and which also had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on August 30, 2013.  Included in these 68 Corps was one which was acquired in 2013.   

These 68 Smaller Pennsylvania Corps had their average stock prices increase by 117% from January 16, 2009 to August 30, 2013.

The 41 Smaller Non-Financial Corps had an average stock price increase of 171% so far during the Obama Administration.

On the other hand, the 27 Smaller Pennsylvania Financial Corps had an average stock price increase of only 34% so far during the Obama Administration.  This underperformance of the Smaller Pennsylvania Financial Corps is pretty consistent with what has been going on all throughout the country.  US Fed policy and US Congressional action have both been just fantastic for the large New York City financial institutions, but have done little for the smaller financial institutions all throughout the country.  The US economy is going to work much better and fairer if the smaller financial institutions also have their boats rise, along with the yachts of the large New York City Banks, which have so much power over the US Congress....it's all about the large campaign contributions they give to both Democrats and Republicans.

Below here are the common stock market closing price of each of these 68 Smaller Pennsylvania Corps at both the most recent date (August 30, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

Pennsylvania Price Price Increase

HQs 8-30-13 1-16-09 (Decrease)
Pennsylvania Smaller Corps








Financial Corps



Citizens Financial Services Mansfield 48.00 17.43 175%
Resource America Philadelphia 7.47 3.60 108%
Peoples Financial Services Hallstead 35.00 18.00 94%
Eastern Insurance Holdings Lancaster 20.01 10.50 91%
Brandywine Realty Trust Radnor 12.82 6.74 90%
Hersha Hospitality Trust Harrisburg 5.24 2.76 90%
Penn Woods Bancorp Jersey Shore 47.19 25.10 88%
First Keystone Berwick 26.85 16.50 63%
CNB Financial Clearfield 16.73 10.50 59%
Northwest Bancshares Warren 13.34 8.89 50%
QNB Corp Quakertown 24.13 17.15 41%
FNB Corp Hermitage 12.07 8.89 36%
ESB Financial Ellwood City 11.83 8.97 32%
Malvern Federal Bancorp Paoli 11.80 8.98 31%
Universal Health Realty Income Trust King of Prussia 40.11 30.90 30%
Bryn Mawr Bank Bryn Mawr 25.21 20.05 26%
Norwood Financial Honesdale 28.93 25.21 15%
Penseco Financial Services Scranton 40.50 35.75 13%
Susquehana Bancshares Lititz 12.61 11.45 10%
Citizens & Northern Wellsboro 19.20 18.78 2%
Beneficial Mutual Bancorp Philadelphia 9.26 10.56 -12%
Donegal Group Marietta 13.48 15.82 -15%
S&T Bancorp Indiana 22.48 29.14 -23%
First Commwealth Financial Indiana 7.33 10.07 -27%
Univest Corp of Pennsylvania Souderton 19.06 27.50 -31%
Republic First Bancorp Philadelphia 3.45 8.45 -59%
Institutional Financial Markets Philadelphia 2.53 6.30 -60%





Average Increase: all 27 Smaller Pennsylvania Financial Corps

34%





Non-Financial Corps



HFF Pittsburgh 23.00 2.32 891%
Dorman Products Colmar 50.24 5.29 850%
Rex Energy State College 20.80 2.24 829%
Bon Ton Stores York 11.01 1.41 681%
Destination Maternity Philadelphia 27.77 4.08 580%
Entercom Communications Bala Cynwyd 7.93 1.39 471%
Quaker Chemical Conshohocken 66.36 12.44 433%
CubeSmart Wayne 16.65 4.36 282%
iGATE Pittsburgh 23.35 6.41 264%
Pep Boys Manny Moe & Jack Philadelphia 11.23 3.42 228%
ICG Group Wayne 12.52 4.42 183%
Glatfelter PH York 25.62 9.21 178%
Horsehead Holding Pittsburgh 11.87 4.43 168%
Lannett Company Philadelphia 13.26 5.22 154%
Healthcare Services Group Huntington Valley 24.21 10.37 134%
Mine Safety Appliances Pittsburgh 48.13 20.64 133%
RTI International Metals Pittsburgh 30.97 13.55 129%
West Pharmaceutical Services Lionville 73.95 33.41 121%
II-VI Inc Saxonburg 19.28 9.01 114%
Koppers Holdings Pittsburgh 38.77 18.50 110%
Universal Stainless & Alloy Products Bridgeville 27.54 14.58 89%
Knoll East Greenville 15.23 8.16 87%
StoneMor Partners Levittown 23.12 13.13 76%
LB Foster Pittsburgh 42.42 28.70 48%
Weis Markets Sunbury 46.98 33.16 42%
OraSure Technologies Bethlehem 4.78 3.41 40%
CSS Industries Philadelphia 21.82 15.72 39%
Met Pro Corp Harleysville 13.60 11.48 18%
CDI Philadelphia 13.56 11.84 15%
Calgon Carbon Pittsburgh 17.20 15.25 13%
Matthews International Pittsburgh 36.90 36.09 2%
Michael Baker Corp Moon Township 40.44 40.08 1%
PhotoMedex Montgomeryville 16.34 16.38 0%
Nutri System Fort Washington 12.66 15.01 -16%
Ampco-Pittsburgh Pittsburgh 16.28 19.52 -17%
USA Technologies Malvern 1.86 2.72 -32%
Hemispherx Biopharmaceuticals Philadelphia 0.23 0.39 -41%
Auxilium Pharmaceuticals Malvern 17.45 30.00 -42%
Cardionet Conshohocken 7.56 20.50 -63%
WPCS International Exton 3.41 13.72 -75%
Pulse Electronics Trevose 4.01 32.50 -88%





Average Increase: all 41 Smaller Pennsylvania Non-Financial Corps

171%





Average Increase:  all 68 Smaller Pennsylvania Corps


117%