Ellicott City, Md.-based Howard Bancorp Inc. climbed 3.56% to $17.45 after announcing its pending acquisition of Baltimore-based 1st Mariner Bank in a deal valued at approximately $163.4 million in total.
In general, U.S. bank and thrift stocks were slightly up around midday Tuesday, Aug. 15.
The SNL U.S. Bank Index improved 0.32% to 550.58 and the SNL U.S. Thrift Index added 0.02% to 886.59. In the broader markets, the Dow Jones Industrial Average ticked up 0.03% to 22,000.27, the S&P 500 fell 0.04% to 2,464.87, and the Nasdaq Composite Index retreated 0.07% to 6,335.93.
Among the nation's largest banks, JPMorgan Chase & Co. rose 0.25% to $92.71, Bank of America Corp. gained 0.57% to $24.56, and Wells Fargo & Co. increased 0.29% to $52.99. Citigroup Inc., which recently appointed Gonca Latif-Schmitt global head of its commercial cards business, was also up 0.10% to $67.97.
Among notable price movers, Fifth Third Bancorp climbed 1.24% to $27.01, while Banc of California Inc. lost 1.64% to $19.48.
In the thrift space, Astoria Financial Corp. dipped 0.71% to $19.68 and BofI Holding Inc. climbed 0.61% to $27.89.
Market prices and index values are current as of the time of publication and are subject to change.