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Financial Sector Update for 08/25/2017: CCBG,MSBF,UEPS


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Financial stocks continued to add to their moderate gains this afternoon, with the NYSE Financial Sector Index rising more than 0.6% in recent trading while financial companies in the S&P 500 Index were adding over 0.4% in extra value today.

In company news, Capital City Bank Group ( CCBG ) rose to a session high of $21.21 on Friday, climbing slightly more than 4%, after last night declaring a a quarterly cash dividend of $0.07 per share, representing a 40% increase over its prior distribution to investors.

The upcoming dividend, including the extra $0.02 per share outlay, is payable on Sept 19 shareholders of record on Sept. 5.

In other sector news,

(+) MSBF, Declares special cash dividend of $0.425 per share, payable on Sept. 20 to shareholders of record on Sept. 7.

(-) UEPS, Q4 non-GAAP EPS of $0.41 trails Capital IQ consensus by $0.03 per share while revenue rises 3% over year-ago period to $155 mln, also lagging the $172.6 mln Street view.

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

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This article appears in: Investing , Banking and loans
Referenced Symbols: CCBG , MSBF , UEPS



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