Financial Sector gainers: SWS Group (NYSE:SWS), Qiwi PLC (NASDAQ:QIWI), First Security Group Inc (NASDAQ:FSGI), The Phoenix Companies (NYSE:PNX)
SWS Group, Inc. (NYSE:SWS)’s stock climbed 4.81% to $7.84. Hilltop Holdings Inc. (HTH) and SWS Group, Inc. on Apr. 1 announced that they have entered into a definitive merger agreement providing for the merger of SWS Group (“SWS”) with and into Hilltop Holdings (“Hilltop”). SWS Group Inc (NYSE:SWS) shares after opening at $7.55 moved to $8.06 on last trade day and at the end of the day closed at $7.90. Company price to sales ratio in past twelve months was calculated as 0.85 and price to cash ratio as 2.16. SWS Group Inc (NYSE:SWS) showed a positive weekly performance of 4.22%.
One of the Nasdaq’s big winners at midday is payment services provider Qiwi PLC (NASDAQ:QIWI), which has soared 7.7% to trade at $37.31 following last night’s fourth-quarter earnings beat. Qiwi PLC (NASDAQ:QIWI) shares advanced 9.21% in last trading session and ended the day on $37.84. Qiwi PLC (NASDAQ:QIWI) return on equity ratio is recorded as 77.20% and its return on assets is 14.20%.
Raymond James analyst William J. Wallace IV upgraded the rating on First Security Group (NASDAQ:FSGI) from Underperform to Market Perform. First Security Group Inc (NASDAQ:FSGI) shares moved up 5.29% in last trading session and was closed at $2.19 while trading in range of $2.09 – $2.19. First Security Group Inc (NASDAQ:FSGI) year to date (YTD) performance is -4.78%.
The Phoenix Companies, Inc. (NYSE:PNX) announced the filing of its restatement of previously issued audited financial statements as part of its Annual Report on Form 10-K for the year ended December 31, 2012 (“2012 Form 10-K”) with the U.S. Securities and Exchange Commission (“SEC”). The 2012 Form 10-K was filed before the opening of the market on April 1, 2014. The Phoenix Companies, Inc. (NYSE:PNX) weekly performance is 1.88%. On last trading day company shares ended up $55.30. The Phoenix Companies, Inc. (NYSE:PNX) distance from 50-day simple moving average (SMA50) is 12.90%. Analysts mean target price for the company is $45.00.