EdgeWater 10/14/2010 4:54:46 AM
News / Stocks

Small Financial Stocks Alert (BANR, ABK, RAS, CCME)

Financial Stocks To Watch

Shares of Banner Corporation (NASDAQ:BANR) fell 1.62% to $1.82 on about 1.17 million shares. Yesterday, the company announced its Board of Directors declared a regular quarterly cash dividend of $0.01 per share, the same as paid in the previous quarter. The dividend is payable October 29, 2010, to common shareholders of record on October 22, 2010.

Over the past 52-week, the stock traded within the range of $1.74-$8.15. The average daily volume of the stock is 1.37 million shares.

Ambac Financial Group, Inc. (NYSE:ABK) went up 4.22% to $0.802 on about 14.79 million shares. Last week, the company agreed to withdraw over $6 billion in claims against bankrupted Lehman Brothers Holdings in a proposed settlement of disputes between the two firms over derivatives transactions.

In the past one month of trading sessions, the stock went up more than 53%.

RAIT Financial Trust (NYSE:RAS) surged 4.62% to $2.04 on about 2.94 million shares. RAIT Financial Trust is a self-managed and self-advised real estate investment trust (REIT). The Company offers a set of debt financing options to the commercial real estate industry along with fixed income trading and advisory services.

The stock opened at $1.99 and is trading within the range of $1.97-$2.06. At current market price, the market capitalization of the stock stands at $182.29 million.

China MediaExpress Holdings Inc (NASDAQ:CCME) soared 6.19% to $13.03 on over 1.60 million shares. The company announced that Starr International Company, Inc., through its wholly owned subsidiary, Starr Investments Cayman II, Inc. has agreed to purchase an aggregate of 1.5 million shares of the Company’s common stock in two private transactions.

The stock went up more than 44% in the last one month of trading sessions.

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