Stock buyback program
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Festi hf.: Buyback program week 9
Globenewswire· 2026-03-02 08:30
Core Viewpoint - Festi has executed a buyback program, purchasing a total of 185,000 own shares for 63,790,000 ISK in week 9 of 2026, increasing its ownership of issued shares from 1.52% to 1.58% [1][3]. Group 1: Buyback Program Details - The buyback program is in accordance with the Act on Public Limited Companies No 2/1995 and relevant European regulations [2]. - Festi has now bought a total of 2,203,774 own shares for 738,873,920 ISK as part of the announced buyback program [3]. - The program aims to repurchase a total of 2,500,000 own shares, representing 0.80% of the issued shares, with a maximum purchase price of 825 million ISK [3]. Group 2: Share Purchase Breakdown - In week 9 of 2026, the share purchases were made at various prices, with the highest being 347 ISK and the lowest at 343 ISK [1]. - The total number of shares purchased during this week was 185,000, with a total expenditure of 63,790,000 ISK [1].
Thrivent Financial for Lutherans Decreases Stock Holdings in Midland States Bancorp, Inc. $MSBI
Defense World· 2026-02-19 08:32
Core Viewpoint - Thrivent Financial for Lutherans significantly reduced its stake in Midland States Bancorp by 67.9% in Q3, indicating a shift in investment strategy towards the financial services provider [2] Institutional Holdings - AQR Capital Management LLC increased its holdings in Midland States Bancorp by 38.1% in Q2, now owning 540,997 shares valued at $9.37 million after purchasing an additional 149,175 shares [3] - Los Angeles Capital Management LLC acquired a new position valued at approximately $1.01 million in Q2 [3] - Jump Financial LLC raised its holdings by 272.5%, now owning 55,500 shares worth $961,000 after buying an additional 40,600 shares [3] - Qube Research & Technologies Ltd purchased a new stake valued at $693,000 [3] - Arrowstreet Capital Limited Partnership increased its position by 33.6%, owning 133,194 shares worth $2.31 million after buying an additional 33,532 shares [3] - Institutional investors and hedge funds collectively own 60.93% of Midland States Bancorp's stock [3] Analyst Ratings and Price Targets - Piper Sandler raised the target price from $23.00 to $25.50, maintaining a "neutral" rating [4] - Wall Street Zen upgraded the stock from "sell" to "hold" [4] - DA Davidson increased the target price from $23.00 to $24.00, also giving a "neutral" rating [4] - UBS Group set a price objective of $25.50 [4] - Keefe, Bruyette & Woods raised their target price from $17.00 to $19.00, rating it as "market perform" [4] - The consensus rating for Midland States Bancorp is "Hold" with a target price of $23.00 [4] Insider Transactions - COO Kyle Owen Mooney sold 2,808 shares at an average price of $22.67, totaling $63,657.36, representing a 16.50% decrease in ownership [5] - Insider Daniel Edward Casey acquired 5,000 shares at an average cost of $17.89, totaling $89,450, representing a 21.50% increase in ownership [5] - Insiders purchased a total of 11,098 shares valued at $197,324 in the last quarter, with insiders owning 5.27% of the company's stock [5] Financial Performance - Midland States Bancorp reported Q4 earnings of $0.53 per share, missing the consensus estimate of $0.70 by $0.17 [7] - The company had revenue of $85.79 million, exceeding analyst estimates of $74.49 million [7] - The net margin was 6.62% and return on equity was 10.41% [7] - Analysts predict an EPS of 2.53 for the current fiscal year [7] Stock Performance and Dividends - MSBI stock opened at $23.16, with a 12-month low of $14.24 and a high of $24.57 [6] - The company has a market capitalization of $499.10 million, a P/E ratio of 22.93, and a beta of 0.66 [6] - A quarterly dividend of $0.32 per share was declared, representing an annualized dividend of $1.28 and a yield of 5.5% [8] - The dividend payout ratio is currently 126.73% [8] Stock Buyback Program - Midland States Bancorp initiated a stock buyback program allowing the repurchase of $25 million in outstanding shares, indicating the board's belief that the stock is undervalued [9]
Festi hf.: Buyback program week 4
Globenewswire· 2026-01-26 08:30
Group 1 - The core point of the news is that Festi has executed a buyback program, purchasing a total of 178,000 own shares for 61,652,000 ISK in week 4 of 2026 [1] - Prior to the recent purchases, Festi held 3,972,000 own shares, representing 1.27% of issued shares, and after the buyback, it now holds 4,150,000 own shares, which is 1.33% of issued shares [2] - The buyback program was initially announced on December 3, 2025, and aims to repurchase a total of 2,500,000 own shares, capped at a purchase price of 825 million ISK [2]
Festi hf.: Buyback program week 2
Globenewswire· 2026-01-12 08:30
Core Viewpoint - Festi has been actively engaging in a share buyback program, increasing its ownership of own shares in accordance with regulatory frameworks [1][2]. Group 1: Share Buyback Details - In week 2 of 2026, Festi purchased a total of 195,000 own shares for a total amount of 63,850,000 ISK [1]. - The buyback program was initially announced on December 3, 2025, and aims to repurchase a total of 2,500,000 own shares, representing 0.80% of the issued shares, with a maximum purchase price cap of 825 million ISK [2]. - Following the recent purchases, Festi now holds 3,775,000 own shares, which is 1.21% of the issued shares, up from 3,580,000 shares or 1.15% prior to the buyback [2]. Group 2: Regulatory Compliance - The execution of the buyback program is compliant with the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse [1]. - The buyback activities also adhere to the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021 [1].
Festi hf.: Buyback program week 38
Globenewswire· 2025-09-22 08:53
Core Points - Festi has executed a buyback program, purchasing a total of 140,000 own shares for 42,740,000 ISK in week 38 of 2025 [1] - Prior to the recent purchases, Festi held 2,031,226 own shares, representing 0.65% of issued shares, and after the buyback, it now holds 2,171,226 own shares, or 0.69% of issued shares [2] - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included purchases on specific dates: - 40,000 shares on September 15, 2025, at a price of 307 ISK per share, totaling 12,280,000 ISK - 40,000 shares on September 16, 2025, at the same price, totaling another 12,280,000 ISK - 30,000 shares on September 17, 2025, at 303 ISK per share, totaling 9,090,000 ISK - 30,000 shares on September 18, 2025, at the same price, totaling another 9,090,000 ISK [1] Regulatory Compliance - The execution of the buyback program complies with the Act on Public Limited Companies No 2/1995, the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse, and other relevant regulations [1]
Festi hf.: Buyback program week 34
Globenewswire· 2025-08-25 08:30
Summary of Key Points Core Viewpoint - Festi has executed a buyback program, purchasing a total of 165,000 own shares for 49,305,000 ISK in week 34 of 2025, in compliance with relevant regulations [1][2]. Group 1: Buyback Program Details - The total number of shares purchased by Festi now amounts to 1,315,000, with a total expenditure of 393,075,000 ISK [2]. - Following the recent purchases, Festi holds 1,561,226 own shares, representing 0.5% of the issued shares [2]. - The buyback program was initially announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price of 800 million ISK [2]. Group 2: Compliance and Regulations - The execution of the buyback program adheres to the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 concerning market abuse [1]. - Additional compliance is ensured with the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021 [1].
Festi hf.: Buyback program week 33
Globenewswire· 2025-08-18 08:30
Summary of Key Points Core Viewpoint - Festi has actively engaged in a share buyback program, purchasing a total of 170,000 own shares for 50,990,000 ISK in week 33 of 2025, which aligns with their previously announced buyback strategy [1][2]. Group 1: Share Buyback Details - In week 33 of 2025, Festi purchased 170,000 shares at an average price of approximately 299.35 ISK per share, totaling 50,990,000 ISK [1]. - The buyback program is in compliance with relevant regulations, including the Act on Public Limited Companies and the Regulation of the European Parliament on market abuse [1]. - Prior to this purchase, Festi held 1,226,226 shares, representing 0.39% of issued shares, and after the buyback, the total shares held increased to 1,396,226, or 0.45% of issued shares [2]. Group 2: Buyback Program Overview - The buyback program, announced on June 27, 2025, aims to repurchase a total of 2,500,000 shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2]. - To date, Festi has repurchased a total of 1,150,000 shares for 343,770,000 ISK under this program [2].
Provident Financial Holdings Reports Fourth Quarter and Fiscal Year 2025 Results
Globenewswire· 2025-07-28 10:00
Core Points - The company reported a net income of $1.63 million for the quarter ended June 30, 2025, which is a decrease of 12% from the previous quarter and 17% from the same quarter last year [1][5][6] - The net interest margin for the quarter was 2.94%, down eight basis points from the previous quarter but up 20 basis points from the same quarter last year [1][7] - Total loans held for investment were $1.05 billion, down 1% from the previous year, while total deposits remained virtually unchanged at $888.8 million [1][13] - The non-performing assets to total assets ratio improved to 0.11% from 0.20% year-over-year, indicating better asset quality [1][18] Financial Performance - Net income for the fiscal year ended June 30, 2025, decreased by $1.09 million, or 15%, to $6.26 million compared to $7.35 million in the previous year [6] - Diluted earnings per share for the fiscal year were $0.93, down 12% from $1.06 in the previous year [6] - Non-interest income decreased by $587,000, or 40%, to $880,000 in the fourth quarter, primarily due to the absence of a prior year's unrealized gain [21] - Non-interest expense increased by $448,000, or 6%, to $7.62 million, driven by higher salaries and employee benefits [22][23] Asset Quality and Credit Performance - The allowance for credit losses on loans held for investment was $6.4 million, or 0.62% of gross loans, down from $7.1 million, or 0.67%, the previous year [20] - Non-performing assets decreased by $1.2 million, or 46%, to $1.4 million, with no loans 90 days or more past due [18] - The company recorded a recovery of credit losses totaling $164,000 in the fourth quarter, compared to a recovery of $12,000 in the same quarter last year [17] Operational Highlights - The company has seen a stabilization in deposit balances and a decline in borrowings for three consecutive quarters [3] - The average yield on interest-earning assets increased to 4.67%, while average funding costs decreased to 1.91% [7] - The efficiency ratio for the fourth quarter was 78.06%, reflecting higher operating costs relative to revenue generation [24] Shareholder Returns - The company repurchased 76,104 shares at an average cost of $15.00 per share during the quarter, with a total of 217,028 shares remaining available for future purchase [26]
Festi hf.: Buyback program week 29
Globenewswire· 2025-07-21 08:30
Core Points - Festi has executed a buyback program, purchasing a total of 170,000 own shares for 50,890,000 ISK in week 29 of 2025 [1] - Prior to the recent purchases, Festi held 561,226 own shares, representing 0.18% of issued shares, and after the buyback, it now holds 731,226 own shares, or 0.23% of issued shares [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included three transactions: - 50,000 shares at a price of 297 ISK on July 14, 2025, totaling 14,850,000 ISK - 70,000 shares at a price of 297 ISK on July 16, 2025, totaling 20,790,000 ISK - 50,000 shares at a price of 305 ISK on July 17, 2025, totaling 15,250,000 ISK [1] - The total number of shares purchased during this buyback program is 485,000, amounting to 142,165,000 ISK [2]
Festi hf.: Buyback program week 27
Globenewswire· 2025-07-07 08:30
Core Viewpoint - Festi has executed a buyback program, purchasing a total of 165,000 own shares for 47,025,000 ISK, increasing its ownership from 0.08% to 0.13% of issued shares [1][2]. Group 1: Buyback Program Details - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, representing 0.80% of the issued shares, with a maximum purchase price of 800 million ISK [2]. - The shares were purchased at a consistent price of 285 ISK per share across multiple transactions [1]. Group 2: Compliance and Regulations - The execution of the buyback program complies with the Act on Public Limited Companies No 2/1995 and relevant European regulations regarding market abuse and fraud [1].