PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 5:02 PM
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Slide #48. Stifel Financial Corp. — Preferred Stock Offering
Company:
Stifel Financial Corp. (NYSE:SF)
Date announced:
7/15/2021
Shares Offered:
12,000,000
Date of Pricing:
7/15/2021
Price Per Share:
$25.00
Preferred Stock Offering Details:
Stifel Financial Corp. (NYSE: SF) today announced it has priced an underwritten registered public offering of 12,000,000 depositary shares ($300 million of aggregate public offering price), each representing a 1/1000th interest in a share of perpetual 4.50% Non-Cumulative Perpetual Preferred Stock, Series D, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 liquidation preference per depositary share).
Stifel Financial is a financial holding company. Through its subsidiaries, Co. is engaged in retail brokerage; securities trading; investment banking; investment advisory; retail, consumer, and commercial banking; and related financial services. Co.'s segments are: Global Wealth Management, which provides securities transaction, brokerage, and investment services to its clients through the consolidated Stifel branch system; Institutional Group, which includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate; and Other, which includes interest income from stock borrow activities and processing of securities transactions.
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Avg. Broker Rec.
  
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Buy (2.67 out of 4) 17th percentile
(ranked lower than approx. 83% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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