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Tuesday's Financial Stock Winners & Losers

Alliance Bank (ALLB - Get Report) was higher a day after it said it would form a stock holding company and sell additional shares.

The boards of the bank and its majority shareholder, Greater Delaware Valley Holdings, a mutual holding company, are proposing a reorganization plan. As part of the plan, Greater Delaware will convert to a federal charter and change its name to Alliance Mutual Holding. Shares of Alliance Bank were gaining $2.75, or 11.3%, to $27.

Colony Bankcorp (CBAN - Get Report) was climbing after getting an upgrade from a Wall Street analyst. Keefe Bruyette lifted its rating on the bank to outperform from market perform. Shares of Colony were gaining 79 cents, or 4.6%, to $18.06.

First Marblehead (FMD), an educational-loan servicing firm, saw its shares fall after UBS initiated coverage of the company with a reduce rating. Shares of First Marblehead were losing $1.72, or 3.7%, to $44.95.

UBS raised its opinion of National Financial Partners (NFP - Get Report), giving the financial-services firm a buy rating, up from its old neutral rating. Shares of National Financial were gaining 9 cents, or 0.2%, to $44.47.

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SYM TRADE IT LAST %CHG
NFP $0.00 0.00%
ALLB $21.20 0.33%
CBAN $8.14 0.12%
FMD $5.50 1.70%
AAPL $126.60 0.15%

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

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