Sector Update: Financial

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Financial stocks were mostly higher, with the NYSE Financial Sector Index gaining 0.7% and the S&P Financial 100 Index adding about 0.2%.

In company news, shares of SWS Group Inc. ( SWS ) are at a 42-month high Tuesday after the regional brokerage and financial services agreed to $265 mln buyout offer by privately held Esposito Global.

Under terms of the proposed buyout, SWS shareholders would receive $8 a share in cash, trumping a Jan. 9 offer by Hilltop Holdings ( HTH ) of $7 a share offer - half in cash and half in HTH stock.

SWS shares were up at $8.10 apiece, topping $8 for the first time since August 2010. HTH shares were down 0.1% at

In other sector news,

(+) SIVB, (+2.0%) Raised to Strong Buy from Outperform at Raymond James.

(-) NHI, (-2.5%) Normalized adjusted funds from operations rise $0.03 over year-ago levels to $0.82 per share, trailing the Capital IQ consensus by $0.06 per share. Revenue grows 26.6% year over year to $32.8 mln, topping Street view by almost $1.1 mln.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: SWS , HTH

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