Top Financial Stocks
Financial stocks were broadly higher today with the NYSE Financial Sector Index advancing about 0.6% and the S&P Financial 100 Index climbing over 0.8%.
In company news, shares of Citizens Holding Company ( CIZN ) were higher Thursday after the bank holding company authorized a stock buyback program for up to 200,000 of its shares over the next 36 months.
CIZN shares were up nearly 2% at $18.75 each in mid-afternoon trade, matching their session high. The stock has traded within a 52-week range of $17.63 to $20.67 a share, rising 8.4% over the past 12 months.
In other sector news,
(+) JMP, (+0.3) Approves internal transactions to convert its corporate form into a limited liability company, with the surviving publicly traded entity being taxed as a partnership rather than corporation. Proposal still requires shraeholder approval.
(-) FBRC, (-2.5%) Announces preliminary results of modified "Dutch auction," with the asset manager agreeing to purchase 1.2 mln shares at $28 apiece, or $33.6 mln overall.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.