Streetbeat News

Equity Actions

WSBF

Waterstone Financial's board has authorized the repurchase of up to an additional 2 million shares of common stock. This authorization, combined with the remaining 224,852 shares from the existing program, totals 2.22 million shares available for repurchase, representing about 11.2% of the company's issued and outstanding shares as of April 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:11 pm

ZION

Analysts have varied views on Zions Bancorp (NASDAQ:ZION), with recent ratings ranging from neutral to sector perform. The average 12-month price target is $46.22, up from $44.94, with actions including both raises and lowers by firms such as UBS, RBC Capital, and Deutsche Bank. Zions Bancorp, a regional U.S. bank, faces challenges in revenue growth and net margin but excels in ROE. Its market capitalization and debt management indicate a conservative financial approach.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 9:00 pm

BKKT

Bakkt has announced a 1-for-25 reverse stock split, with trading on a reverse split-adjusted basis expected to start on April 29. This move is typically aimed at increasing the market price of a company's shares, potentially to comply with exchange listing requirements or to attract a broader range of investors.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:47 pm

EAF

Nilesh Undavia, a shareholder of GrafTech, has issued an open letter to fellow shareholders, urging them to vote using the Blue Proxy Card. This action suggests a significant event or decision pending that requires shareholder input.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:43 pm

HCI

HCI Group has entered into a five-year employment agreement with CEO Paresh Patel, ensuring leadership stability and strategic continuity for the company. This move could signal confidence in Patel's leadership and the company's future direction, potentially impacting investor sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:38 pm

EQT

EQT Corporation has updated its Q2 total sales volume forecast to 455-505 Bcfe and its 2024 total sales volume forecast to 2,100-2,200 Bcfe, factoring in 1 Bcf/d of operated production curtailments through May. The company also confirmed its 2024 capital expenditure plans, maintaining maintenance capital expenditures at $1,950-$2,050 million and strategic growth capital expenditures at $200-$300 million, focusing on water, midstream, and other infrastructure and land opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:34 pm

VLTO

Veralto has updated its financial outlook, projecting Q2 adjusted EPS to be between $0.75 and $0.80, compared to the estimated $0.80. Additionally, the company has raised its full-year 2024 adjusted EPS forecast to a range of $3.25 to $3.34, versus the consensus estimate of $3.29.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:33 pm

CNTA

CNTA announces a proposed public offering of American Depositary Shares valued at $100M, aiming to raise capital for its operations and potential expansions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:18 pm

FSLY

Fastly's (NYSE:FSLY) short interest has increased by 14.11% since the last report, with 10.19 million shares sold short, representing 8.17% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 6.33%. The article suggests that an increase in short interest doesn't necessarily predict a price drop and can be bullish.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 8:15 pm

BA

SPR

Spirit Aerosystems announced that Boeing will make an advance payment of $425M to support Boeing's contractual demands, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:12 pm