Financial Sector Update for 12/04/2018: HTBI, RBNC, PRA

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Top Financial Stocks

JPM, -4.4%

BAC, -5.6%

WFC, -4.6%

C, -4.7%

USB, -3.4%

Financial stocks were ending in negative territory, with the NYSE Financial Sector Index sinking about 3.5% while financial companies in the S&P 500 Index fell about 4.5% in afternoon trade.

In company news, HomeTrust Bancshares ( HTBI ), the holding company for HomeTrust Bank, said Tuesday its board of directors has authorized the repurchase of up to 931,601 shares of the company's common stock, representing 5% of the company's currently outstanding shares. Shares fell more than 5%.

In other sector news,

(-) Reliant Bancorp ( RBNC ) Approves a stock repurchase plan, allowing the company to buy back up to $12 million of its common stock.

(-) ProAssurance ( PRA ) Edward Rand, Jr. assumes additional responsibilities as president of the company. Rand, a COO since January, previously served for 13 years as the company's CFO, according to a statement.

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This article appears in: Investing , Banking and loans
Referenced Symbols: HTBI , RBNC , PRA

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