Analyst Research

Report Title Price
Provider: Zacks Investment Research Inc.
$12.00
Provider: Zacks Investment Research Inc.
$12.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

StoneCastle Financial Corp Announces the Pricing of Initial Public Offering


Thursday, 7 Nov 2013 09:00am EST 

StoneCastle Financial Corp announced the pricing of its initial public offering of 4,400,000 shares of common stock at a price of $25.00 per share, raising $110.0 million in gross proceeds. In addition, StoneCastle Financial has granted the underwriters a 45-day option to purchase up to 660,000 additional shares of common stock from StoneCastle Financial to cover over-allotments, if any. The common stock is expected to begin trading on the NASDAQ Global Select Market on November 7, 2013 under the ticker symbol 'BANX.' The Company intends to use the net proceeds of this offering to purchase an initial portfolio of bank-issued preferred securities and make other new investments in community banks, among other things. Keefe, Bruyette & Woods, a Stifel Company, Baird and Oppenheimer & Co. are acting as joint book-running managers for the offering. BB&T Capital Markets, Halliday Financial, JMP Securities, Pershing LLC, Sterne Agee and Wunderlich Securities are acting as senior co-managers for the offering. Williams Trading LLC and Ascendiant Capital Markets, LLC are acting as co-managers for the offering. The shares are expected to be delivered to investors on November 13, 2013.