The American Bankers Association has added four banks to the ABA Nasdaq Community Bank Index (ABAQ), effective today. The index includes 222 community banks with $239.8 billion in market capitalization.
The index is calculated on both a total return and price return basis. It is reported daily as a total return index, which means that the value of reinvested dividends is included in the calculation. The total return index is commonly used as a benchmark in proxy statements.
Additions to the index as of June 1 are:
- Central Bancompany, Inc. (CBC), Jefferson City, Missouri
- Community Bancorp. (CMTV), Derby, Vermont
- First Northern Community Bancorp (FNRN), Dixon, California
- Hoyne Bancorp, Inc. (HYNE), Oak Park, Illinois
Price changes throughout the trading day can be accessed using the symbol ABAQ.
Launched in December 2003, the ABAQ is the most broadly representative stock index for community banks and helps raise awareness of this key segment of the financial services sector among analysts and investors.
