Financial Sector Watch List: RCS Capital Corp (NYSE:RCAP), Federated National Holding Co (NASDAQ:FNHC),VantageSouth Bancshares (NYSEMKT:VSB), Kearny Financial (NASDAQ:KRNY)

Posted by on Mar 20, 2014

Shares of RCS Capital Corp (NYSE:RCAP), the company that non-traded REIT czar Nicholas Schorsch is using to build an independent-broker-dealer empire, have doubled in the past three and a half months on above-average trading volume. RCS Capital Corp (NYSE:RCAP) shares after opening at $34.00 moved to $34.87 on last trade day and at the end of the day closed at $34.00. Company price to sales ratio in past twelve months was calculated as 1.02 and price to cash ratio as 19.72. RCS Capital Corp (NYSE:RCAP) showed a positive weekly performance of 20.35%.

Federated Nat (NASDAQ:FNHC) Chairman Bruce Simberg purchased 5,040 shares of Federated Nat stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $16.28 per share, with a total value of $82,051.20. Following the acquisition, the chairman now directly owns 433,699 shares in the company, valued at approximately $7,060,620. Federated National Holding Co(NASDAQ:FNHC) shares advanced 0.53% in last trading session and ended the day on $16.99. FNHC return on equity ratio is recorded as 16.70% and its return on assets is 5.20%. Federated National Holding Co (NASDAQ:FNHC) yearly performance is 140.65%.

VantageSouth Bancshares, Inc. (NYSEMKT:VSB) operates as the bank holding company for VantageSouth Bank that provides commercial banking solutions for individuals, businesses, business owners, and professionals in North Carolina. It offers non-interest bearing checking accounts, interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. VantageSouth Bancshares, Inc. (NYSEMKT:VSB) shares moved down -0.14% in last trading session and was closed at $6.98, while trading in range of $6.85 – 7.00 .VantageSouth Bancshares, Inc. (NYSEMKT:VSB) year to date (YTD) performance is 32.45%.

KKearny Financial Corp.(NASDAQ:KRNY) says its Kearny Federal Savings Bank (Kearny) and Atlas Bank (Atlas), announced the execution of a merger agreement pursuant to which Atlas will merge with and into Kearny.Says acquisition will add Atlas’s offices in Brooklyn and Staten Island, New York to Kearny’s 41 branch network located throughout northern and central New Jersey.Says Atlas’s existing branch offices are expected to operate under the name, Atlas Bank, a division of Kearny Federal Savings Bank, for at least a year following the merger.Says under the terms of the merger agreement, depositors of Atlas will become depositors of Kearny and will have the same rights and privileges in Kearny MHC. Kearny Financial Corp.(NASDAQ:KRNY) weekly performance is 5.09%. On last trading day company shares ended up $15.28. Kearny Financial Corp.(NASDAQ:KRNY) distance from 50-day simple moving average (SMA50) is 24.14%. Analysts mean target price for the company is $15.00.

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