Secondaries announced 12.13.2016

IPOBoutique.Com rates secondary offerings to hit the tape with a ‘BUY’, ‘NEUTRAL’ or ‘AVOID’ rating. Senior Managing Partner Scott Sweet maintains a track record for all secondary’s he’s issued with a ‘BUY’ rating.

Company: ConnectOne Bancorp, Inc.
Symbol: CNOB
Price: Last trade $25.85
Description: Re-offer $23.50-$24.50
Trade Date: 12/14
Shares: 1.35 million
Underwriter(s)Keefe Bruyette & Woods, Raymond James
Rating=Subscription Needed

Company: Renasant Corporation
Symbol: RNST
Price: Last trade $43.06
Description: Re-offer $41.00-$42.00
Trade Date: 12/14
Shares: 1.5 million
Underwriter(s)Keefe, Bruyette & Woods, Sandler O’Neill
CoManager(s)Raymond James, Stephens
Rating=Subscription Needed

Company: PBF Energy
Symbol: PBF
Price: Last trade $28.63
Description: Re-offer $27.75-$28.25
Trade Date: 12/14
Shares: 10 million
Underwriter(s)Wells Fargo
Rating=Subscription Needed

Company: Callon Petroleum
Symbol: CPE
Price: Last trade $17.40
Description: Re-Offer Range $16.00-$16.75
Trade Date: 12/14
Shares: 34 million
Underwriter(s)Barclays, J.P. Morgan
Rating=Subscription Needed