Stock Alert : Top Regional Bank Stocks (ATLO, UCBI, GGAL, WL)

Ames National Corporation (NASDAQ: ATLO) is the leading the regional bank stocks today with a gain of 5.3% in the trading session so far. The stock is currently trading at $18.49. Ames is currently moving below the 50-day and 200-day moving averages of $19.30 and $20.66 respectively.

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Ames National Corporation is a bank holding company. The company has two national banks and three state-chartered banks as its fully owned subsidiaries.

United Community Banks (NASDAQ: UCBI) is next on the list with a gain of 5.12% today. The stock has gained 20 cents and is currently at $4.16. The traded volume is still well below the daily average of 846,000 shares.

On June 7th, United Community Bank had announced the purchase of three branches and certain loans of the Integra Bank National Association. United Community had put in a relatively weak performance in yesterday’s trading session, leading investors and analysts to speculate on technical and fundamental issues with the stock.

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United Community Banks operates through 27 community banks at 107 locations, as of December 2009. The bank offers a wide range of retail and corporate banking services, and other financial services.

Wilmington Trust Corporation’s (NYSE: WL) shares are up 4%, in line with expectations of a rebound after yesterday’s fall of 1.05%. The shares are currently below the 50-day and 200-day moving averages of $16.88 and $14.43 respectively.

Wilmington Trust Corp. is a financial holding company that operates in four segments i.e. Regional banking, Corporate Client Services, Wealth Advisory Services, and Affiliate Money Managers.

Grupo Financiero Galicia (ADR) (NASDAQ: GGAL) is another gainer in the regional bank category. The stock has gained 3.60% in today’s session and currently stands at $5.72.

Grupo Financiero had announced earlier this week that it would issue $45 million worth of Series II and Series III bonds in June 2010. Series II bonds worth $18.14 million will mature in May 2012, and Series III bonds amounting to $26.86 million will mature in May 2013.

At 3.60%, Grupo Financiero is better placed than the financial sector as a whole, which has risen by 0.93% in today’s session. Grupo Financiero Galicia is an Argentine financial services conglomerate, and operates in the banking, insurance, rental, and custody services industries through its subsidiaries.

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