Professional Holding Corp. Prices Initial Public Offering. Stephens Inc. is acting as a Lead Left Bookrunning Manager on the offering. | $57.4 Million | 02/06/2020

Professional Holding Corp. and Marquis Bancorp, Inc. Have Agreed to Merge. Stephens Inc. Served As Exclusive Financial Advisor To And Rendered A Fairness Opinion For Professional Holding Corp.

Heartland Financial USA, Inc. Agrees To Acquire AIM Bancshares, Inc. Stephens Inc. rendered a fairness opinion to Heartland Financial USA, Inc. | $280 Million | 02/11/2020

Repligen Corporation Prices Convertible Notes Offering. Stephens Inc. served as Co-Manager on the Notes Offering. | $250 Million | 07/17/2019

Repligen Corporation Prices Follow-on Offering. Stephens Inc. served as Joint Bookrunner on the Offering. | $120 Million | 07/17/2019

Kimbell Royalty Partners, LP prices Its follow-on offering. Stephens served as co-manager on the offering. | $57 Million | 09/27/2018

Kimbell Royalty Partners, LP prices Its Initial Public Offering Stephens served as co-manager on the offering. | $90.0 Million | 02/03/2017

The Labor Department reported that <strong>initial jobless claims </strong>dropped to its lowest level since 1969. The incentive to go back to work is high as the cost of living soars, savings rates fall and stimulus payments dry up. The aggregate demand continues to be significantly above aggregate supply which reflects the difficulty for employers to attract skilled workers. Claims in regular state programs decreased 28,000 to 187,000 for the week ending March 19th, after reporting 215,000 initial claims the prior week. The four-week moving average fell to 211,750 from 223,250 the prior week. The total number of people continuing to receive regular ongoing state benefits, a report which is lagged one week, declined 67,000 to 1.350 million for the week ending March 12th, the lowest level since February of 1970.

The Labor Department reported that <strong>initial jobless claims </strong>declined last week to a level that is consistent with a very strong labor market. These levels are lower than the pre-COVID lows and suggest there has been no relief for employers trying to find help in this tight labor market. Workers continue to hold all the leverage. Claims in regular state programs decreased 5,000 to 180,000 for the week ending April 23rd, after reporting 185,000 initial claims the prior week. The four-week moving average rose to 179,750 from 177,500 the prior week. The total number of people continuing to receive regular ongoing state benefits, a report which is lagged one week, decreased 1,000 to 1.408 million for the week ending April 16th.