Charter Financial Corp. was up 0.85% to $18.33 during morning trading Friday, June 2, the day after the company announced it is buying Resurgens Bancorp in an all-cash deal valued at approximately $26.3 million.
Broader markets were also up around midday. The Dow Jones Industrial Average added 0.27% to 21,200.05, the S&P 500 gained 0.23% to 2,435.88, and the Nasdaq composite index added 0.68% to 6,289.52. Meanwhile, the SNL U.S. Bank Index lost 0.70% to 514.62, while the SNL U.S. Thrift Index climbed 0.09% to 886.33.
The nation's largest banks, however, were in negative territory around noon. JPMorgan Chase & Co. fell 0.98% to $82.25, Bank of America Corp. dropped 1.02% to $22.40, Wells Fargo & Co. slid 0.21% to $51.97, and Citigroup Inc. lost 0.29% to $60.90.
Among price movers, PacWest Bancorp lagged 2.29% to $46.47, SVB Financial Group dropped 1.87% to $170.20, Regions Financial Corp. declined 1.74% to $13.55, and Zions Bancorp. slipped 1.70% to $39.87. KeyCorp also retreated 1.64% to $17.37, while PNC Financial Services Group Inc. lost 1.33% to $118.53, and Citizens Financial Group Inc. shed 1.36% to $34.03.
In the thrift space, BofI Holding Inc. slipped 0.49% to $22.46, while Astoria Financial Corp. added 0.52% to $19.17.
In economic news, nonfarm payroll employment in the U.S. increased by 138,000 in May, while the unemployment rate dipped to 4.3% from 4.4% in April, according to the U.S. Bureau of Labor Statistics.
Market prices and index values are current as of the time of publication and are subject to change.