Susquehanna Bancshares, Inc. (SUSQ) Plans To Raise $300 Million

Analysts Collyn Bement Gilbert and Travis Lan at Stifel Nicolaus have released an update on Susquehanna Bancshares, Inc. (NASDAQ: SUSQ).

The bank announced on Monday that it plans to raise $300 million in common stock, and an additional $50 million of cumulative TRUPS via Susquehanna Capital Trust II. Analysts expect the proceeds from the offering to boost capital levels, and provide funding for acquisitions. The bank can also pay the $300 million in TRAP funds, which is outstanding.

Analysts at Stifel Nicolaus continue to rate Susquehanna Bancshares, Inc. as a Sell.