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Sterling Bancorp initiated with a Buy at Sandler O'Neill. Sandler O'Neill analyst Aaron James Deer initiated Sterling Bancorp with a Buy and $14 price target.
Sterling Bancorp of…
Sterling Bancorp of Michigan opens at $12.35, IPO priced at $12.00 per share
The deal size was…
The deal size was increased to 15M shares from 10M shares and priced at the low-end of the $12.00-$14.00 range. Sandler O'Neill acted as sole book running manager for the offering.