The who’s hot, who’s not list of the country’s top 3,000 stocks includes a tiny pocket of Cajun flair again this year with the parent companies of Iberia and MidSouth banks both making the cut.

The Russell 3000 index, used by investors worldwide as a go-to for annual stock performance, included only two Louisiana banks this year, both of which are headquartered in Lafayette. MidSouth has been named on the list as a top 3,000 stock for the past three years; IberiaBank has made the list for at least the past two consecutive years.

This year, the financial services firm removed 104 companies from its list, including Lafayette’s Home Bank, to make room for 186 companies that were added to the 2011 index, according to Russell’s website:

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

MidSouth President and CEO Rusty Cloutier says in a press release that a nod on the Russell 3000 list “validates” the bank’s presence in the market.

“It is especially gratifying that we are in such elite company in the state, to receive this vote of confidence,” Cloutier says.

Health care, financial services and technology firms comprised the bulk of the Russell index, according to a Seattle business journal, and though the list represents a $16.7 trillion market cap, financial institutions aren’t playing an influential role in the stock market’s stunning growth over the last year:

Though banks and others in the financial industry are starting to make money again, their stock prices are still in the doldrums.

Some experts and industry watchers have speculated that uncertainty surrounding new banking regulations and the hangover from the massive bailouts of banks are part of the problem.

Read more here.

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ABiz Stock Watch
o Home Bancorp 22.34 ▲0.26 (1.18%)
o Frank's International 20.15 ▲0.17 (0.85%)
o IberiaBank Corp 65.25 ▲0.60 (0.93%)
o LHC Group 25.74 ▲0.25 (0.98%)
o MidSouth Bancorp 19.11 ▲0.06 (0.31%)
o Petroquest Energy 6.66 ▲0.25 (3.90%)
o PHI Inc. 41.52 0.00 (0.00%)
o Superior Energy 35.84 ▲0.20 (0.56%)
o Stone Energy 35.19 ▲0.86 (2.51%)
o Facebook Inc. 74.82 ▲0.96 (1.31%)
o Twitter Inc. 49.75 ▲0.32 (0.65%)
o Gannett 33.76 ▲0.01 (0.03%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.34 Trade time:4:00PM EDT Value change:▲0.26 (1.18%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:20.15 Trade time:4:03PM EDT Value change:▲0.17 (0.85%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:65.25 Trade time:4:00PM EDT Value change:▲0.60 (0.93%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:25.74 Trade time:4:00PM EDT Value change:▲0.25 (0.98%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:19.11 Trade time:4:01PM EDT Value change:▲0.06 (0.31%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:6.66 Trade time:4:02PM EDT Value change:▲0.25 (3.90%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:41.52 Trade time:3:59PM EDT Value change:0.00 (0.00%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:35.84 Trade time:4:03PM EDT Value change:▲0.20 (0.56%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:35.19 Trade time:4:01PM EDT Value change:▲0.86 (2.51%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:74.82 Trade time:4:00PM EDT Value change:▲0.96 (1.31%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:49.75 Trade time:4:01PM EDT Value change:▲0.32 (0.65%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:33.76 Trade time:4:03PM EDT Value change:▲0.01 (0.03%)
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