The deal priced at low end of $25.00-$25.50 target range and below last closing price of $27.02. Keefe Bruyette and Stifel are acting as joint book running managers for the offering.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FISI:
- Financial Institutions TBA Spot Secondary; price range $25.00-$25.50
- Financial Institutions announces common stock offering, no amount given
- Financial Institutions files $200M mixed securities shelf
- Financial Institutions Announces Quarterly Dividend Payments
- Financial Institutions reports Q3 EPS 84c, consensus 76c
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue