Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, December 4, 2:01 AM
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Slide #534. EverBank Financial Corp — Preferred Stock Offering
EverBank Financial Corp (NASDAQ:EVER)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
EverBank Financial Corp announced the pricing of a public offering of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of 6.75% Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, at a price of $25.00, resulting in gross proceeds of $150.0 million. Dividends will be paid quarterly in arrears, when, as and if declared, commencing on January 5, 2013. EverBank intends to use the net proceeds of this offering for general corporate purposes, which may include organic growth or the acquisition of businesses or assets that are complementary to our present business and provide attractive risk-adjusted returns. The offering is expected to close on November 13, 2012, subject to customary conditions.
EverQuote, through its internet websites, operates an online marketplace for consumers shopping for auto, home and renters, life, health and commercial insurance. Co. sells consumer referrals to insurance provider customers, consisting of carriers and agents, and indirect distributors.
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Buy (3.14 out of 4)
(ranked lower than approx. 68% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com