BUZZ-Financial Institutions lifts after $100 mln  stock offering priced

Reuters
2024-12-12

** Shares of regional lender

** Parent of New York state commercial bank, Five Star Bank, late Weds 4 mln shares at $25, a 7.5% discount to last sale

** Co intends to use expected net offering proceeds of ~$95 mln for balance sheet restructuring through repositioning of substantial portion of its

** KBW sole bookrunner for offering

** Prior to offering, FISI had ~15.5 mln shares outstanding for

$418 mln market cap

** Through Weds close, FISI shares up ~27% YTD. Stock's 52-week low is $16.29 (Apr 17) and 52-week high is $29.14 (Nov 25)

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10