Shares of Atlanta-based GreenSky Inc. plunged 40.5% in August, making it the poorest-performing stock among major exchange-traded U.S. financial companies with at least $100 million market caps and average daily trading volumes of at least 20,000 shares.
The digital lender hit a then-all time low of $6.81 per share on Aug. 6, down more than 70% from its $23.00 IPO price after the company announced it would suspend its earnings guidance and explore strategic alternatives. Since Aug. 6, GreenSky's shares have explored even lower depths, closing at $6.67 on Sept. 3 before inching higher in subsequent trading.
Payment processor Green Dot Corp. posted the second-worst performance in August, losing 39.7%, followed by Ladenburg Thalmann Financial Services Inc.’s 36.6% decline.

At the other end of the spectrum, Cambridge, Mass.-based EverQuote Inc. gained 50.6% in August, the best return among all stocks in this analysis. Mortgage broker Impac Mortgage Holdings Inc. ranked second with a 46.5% return.
Tinton Falls, N.J.-based Two River Bancorp returned 33.8%, the third-highest return of August. On Aug. 9, Toms River, N.J.-based OceanFirst Financial Corp. announced that it would acquire Two River Bancorp in a $183 million deal, which is expected to be completed in the first quarter of 2020.

