Financial Sector Overbought Stocks: Federated National Holding (NASDAQ:FNHC), RCS Capital (NYSE:RCAP), Beneficial Mutual Bancorp (NASDAQ:BNCL), Ameris Bancorp (NASDAQ:ABCB)

Posted by on Mar 18, 2014

Federated Nat (NASDAQ:FNHC) hit a new 52-week high during trading on Friday following a stronger than expected earnings report, Analyst Ratings.Net reports. The company traded as high as $16.40 and last traded at $15.77, with a volume of 378,801 shares changing hands. The stock had previously closed at $13.73. Federated National Holding Co (NASDAQ:FNHC) shares after opening at $16.40 moved to $16.84 on last trade day and at the end of the day closed at $16.70. Company price to sales ratio in past twelve months was calculated as 1.32 and price to cash ratio as 2.87. Federated National Holding Co (NASDAQ:FNHC) showed a positive weekly performance of 4.24%.

RCS Capital Corp (NYSE:RCAP) in a bid of expanding its financial services has announced the hiring of Todd Snyder and John Kearney, top due diligence analysts to help it in its alternative investment. RCS Capital Corp (NYSE:RCAP) shares advanced 1.92% in last trading session and ended the day on $32.33. RCS Capital Corp (NYSE:RCAP) return on equity ratio is recorded as 6.60% and its return on assets is 2.90%. RCS Capital Corp (NYSE:RCAP) yearly performance is -.

Beneficial Mutual Bancorp Inc. logo Equities research analysts at Compass Point initiated coverage on shares of Beneficial Mutual Bancorp (NASDAQ:BNCL) in a research note issued to investors on Thursday, The Fly On The Wall. Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) shares moved up 0.37% in last trading session and was closed at $13.72, while trading in range of $13.68 – $13.80. Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) year to date (YTD) performance is 25.64%.

Research analysts at SunTrust increased their target price on shares of Ameris Bancorp (NASDAQ:ABCB) from $22.00 to $25.00 in a report released on Wednesday, Stock Ratings Network reports. SunTrust’s target price suggests a potential upside of 6.29% from the company’s current price. Ameris Bancorp (NASDAQ:ABCB) weekly performance is 10.99%. On last trading day company shares ended up $23.93. Ameris Bancorp (NASDAQ:ABCB) distance from 50-day simple moving average (SMA50) is 15.14%. Analysts mean target price for the company is $26.65.

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