The financial sector closed the day down 2.3%. American Realty Investors Inc ( ARL), Waccamaw Bankshares Inc ( WBNK), J.W. Mays Inc ( MAYS), and Security National Financial Corporation ( SNFCA) were all winners today within the financial sector with Advance America Cash Advance Centers Inc ( AEA) being today's featured financial winner. Advance America Cash Advance Centers Inc rose 17 cents (2.3%) to $7.52 on light volume. Throughout the day, 552,728 shares of Advance America Cash Advance Centers Inc exchanged hands as compared to its average daily volume of 907,500 shares. Advance America, Cash Advance Centers, Inc. provides cash advance services in the United States, the United Kingdom, and Canada. Advance America Cash Advance Centers Inc has a market cap of $466.8 million and is part of the financial services industry. The company has a P/E ratio of 10.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 30.1% year to date as of the close of trading on Thursday. TheStreet Ratings rates Advance America Cash Advance Centers as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
The ex-dividend date for Advance America Cash Advance Centers (NYSE:AEA) is tomorrow, February 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.41 as of 10 a.m., the dividend yield is 2.4%.
Advance America Cash Advance Centers (NYSE:AEA) is trading at unusually high volume Thursday with 16.6 million shares changing hands. It is currently at 30.9 times its average daily volume and trading up $2.59 (+32.7%).
Advance America Cash Advance Centers (NYSE:AEA) hit a new 52-week high Tuesday as it is currently trading at $9.39, above its previous 52-week high of $9.32 with 352,353 shares traded as of 1:34 p.m. ET. Average volume has been 534,400 shares over the past 30 days.