First Bancorp (NYSE:FBP) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its holdings in shares of First Bancorp (NYSE:FBP) by 35.4% during the 4th quarter, according to its most recent …

First Bancorp logoMillennium Management LLC grew its holdings in shares of First Bancorp (NYSE:FBP) by 35.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,998,527 shares of the bank’s stock after buying an additional 522,774 shares during the period. Millennium Management LLC owned 0.92% of First Bancorp worth $17,187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in First Bancorp in the fourth quarter worth about $65,000. First Citizens Bank & Trust Co. acquired a new stake in shares of First Bancorp in the 4th quarter worth $101,000. WINTON GROUP Ltd acquired a new stake in shares of First Bancorp in the 4th quarter worth $112,000. Cigna Investments Inc. New acquired a new stake in shares of First Bancorp in the 4th quarter worth $115,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of First Bancorp in the 4th quarter worth $127,000. 91.50% of the stock is currently owned by hedge funds and other institutional investors.

FBP opened at $11.47 on Thursday. First Bancorp has a fifty-two week low of $6.32 and a fifty-two week high of $11.94. The stock has a market cap of $2.49 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.46.

First Bancorp (NYSE:FBP) last announced its quarterly earnings results on Tuesday, January 29th. The bank reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $158.23 million for the quarter, compared to analyst estimates of $158.30 million. First Bancorp had a net margin of 28.13% and a return on equity of 7.36%. During the same quarter last year, the business earned $0.11 earnings per share. Sell-side analysts predict that First Bancorp will post 0.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, February 27th. First Bancorp’s dividend payout ratio (DPR) is presently 19.35%.

A number of research firms have recently weighed in on FBP. Zacks Investment Research cut First Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded First Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, December 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. First Bancorp presently has an average rating of “Buy” and a consensus price target of $10.50.

TRADEMARK VIOLATION NOTICE: “First Bancorp (NYSE:FBP) Shares Bought by Millennium Management LLC” was originally published by Modern Readers and is owned by of Modern Readers. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.modernreaders.com/news/2019/04/11/millennium-management-llc-increases-position-in-first-bancorp-fbp.html.

First Bancorp Profile

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

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Institutional Ownership by Quarter for First Bancorp (NYSE:FBP)

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BlackRock Inc. Has $262.80 Million Stake in Great Western Bancorp Inc (NYSE:GWB)

BlackRock Inc. cut its stake in Great Western Bancorp Inc (NYSE:GWB) by 0.1% in the fourth quarter, according to the company in its most recent …

Great Western Bancorp logoBlackRock Inc. cut its stake in Great Western Bancorp Inc (NYSE:GWB) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,409,749 shares of the bank’s stock after selling 5,615 shares during the period. BlackRock Inc. owned about 14.77% of Great Western Bancorp worth $262,804,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in shares of Great Western Bancorp by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 15,099 shares of the bank’s stock valued at $472,000 after buying an additional 588 shares during the period. Congress Asset Management Co. MA increased its stake in Great Western Bancorp by 3.7% in the 4th quarter. Congress Asset Management Co. MA now owns 21,294 shares of the bank’s stock worth $665,000 after acquiring an additional 760 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Great Western Bancorp by 1.8% in the 4th quarter. Jennison Associates LLC now owns 51,571 shares of the bank’s stock valued at $1,612,000 after acquiring an additional 894 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Great Western Bancorp during the 4th quarter valued at about $32,000. Finally, Federated Investors Inc. PA boosted its position in shares of Great Western Bancorp by 7,405.9% during the 3rd quarter. Federated Investors Inc. PA now owns 1,276 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,259 shares during the last quarter.

Several analysts have recently weighed in on GWB shares. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, February 15th. Piper Jaffray Companies set a $38.00 target price on shares of Great Western Bancorp and gave the stock a “hold” rating in a research report on Friday, January 25th.

Shares of Great Western Bancorp stock traded up $0.08 on Friday, hitting $33.13. 306,266 shares of the company’s stock were exchanged, compared to its average volume of 460,042. Great Western Bancorp Inc has a 1 year low of $29.52 and a 1 year high of $46.03. The stock has a market capitalization of $1.89 billion, a PE ratio of 11.42, a P/E/G ratio of 1.36 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.98.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, January 24th. The bank reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. Great Western Bancorp had a net margin of 30.47% and a return on equity of 9.62%. The company had revenue of $121.61 million for the quarter, compared to analyst estimates of $124.10 million. During the same period in the prior year, the company posted $0.72 EPS. As a group, research analysts anticipate that Great Western Bancorp Inc will post 3.21 EPS for the current year.

WARNING: “BlackRock Inc. Has $262.80 Million Stake in Great Western Bancorp Inc (NYSE:GWB)” was first reported by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2019/04/07/great-western-bancorp-inc-gwb-shares-sold-by-blackrock-inc.html.

Great Western Bancorp Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.

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Institutional Ownership by Quarter for Great Western Bancorp (NYSE:GWB)

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Hamilton Bancorp (HBK) versus Columbia Financial (CLBK) Head-To-Head Survey

Columbia Financial (NASDAQ:CLBK) and Hamilton Bancorp (NASDAQ:HBK) are both small-cap finance companies, but which is the better stock?

Columbia Financial (NASDAQ:CLBK) and Hamilton Bancorp (NASDAQ:HBK) are both small-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, profitability, earnings, dividends, valuation, risk and analyst recommendations.

Analyst Ratings

This is a summary of recent ratings and price targets for Columbia Financial and Hamilton Bancorp, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Columbia Financial 0 1 1 0 2.50
Hamilton Bancorp 0 0 0 0 N/A

Columbia Financial presently has a consensus target price of $17.00, suggesting a potential upside of 7.94%. Given Columbia Financial’s higher possible upside, equities research analysts clearly believe Columbia Financial is more favorable than Hamilton Bancorp.

Insider and Institutional Ownership

12.7% of Columbia Financial shares are held by institutional investors. Comparatively, 37.2% of Hamilton Bancorp shares are held by institutional investors. 7.6% of Hamilton Bancorp shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares Columbia Financial and Hamilton Bancorp’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Columbia Financial 9.17% 7.08% 0.78%
Hamilton Bancorp -16.51% -6.34% -0.68%

Valuation and Earnings

This table compares Columbia Financial and Hamilton Bancorp’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Columbia Financial $247.98 million 7.36 $22.74 million N/A N/A
Hamilton Bancorp $20.07 million 2.41 -$6.04 million N/A N/A

Columbia Financial has higher revenue and earnings than Hamilton Bancorp.

Summary

Columbia Financial beats Hamilton Bancorp on 8 of the 10 factors compared between the two stocks.

About Columbia Financial

Columbia Financial logoColumbia Financial, Inc. operates as a bank holding company for Columbia Bank that provides banking products and services in the United States. The company offers non-interest bearing demand deposits, such as individual checking and commercial checking accounts; interest-bearing demand accounts comprising interest checking accounts and municipal accounts; and savings accounts, money market accounts, and certificates of deposit. It also provides loans, including commercial real estate and multifamily loans, one- to four-family residential loans, commercial business loans, construction loans, home equity loans and advances, and other consumer loans. In addition, the company offers title insurance products; and insurance and investment advisory services. It operates 47 full-service banking offices in 10 of New Jersey’s 21 counties. The company was founded in 1927 and is headquartered in Fair Lawn, New Jersey. Columbia Financial, Inc. is a subsidiary of Columbia Bank MHC.

About Hamilton Bancorp

Hamilton Bancorp logoHamilton Bancorp, Inc. operates as the holding company for Hamilton Bank, a federally chartered savings bank that provides a range of banking services primarily to small and middle-market businesses, and middle-income individuals. Its deposit products include certificate of deposit accounts, money market accounts, savings accounts, NOW accounts, and individual retirement accounts, as well as noninterest-bearing demand and health savings accounts. The company’s loan products comprise one-to four-family residential mortgage loans, commercial real estate loans, commercial business loans, home equity loans and lines of credit, and construction loans; and consumer loans consisting of automobile loans and loans secured by deposits. In addition, it invests in securities, which consist primarily of the U.S. government agency, municipal and corporate bond obligations, mortgage-backed securities, and collateralized mortgage obligations issued or guaranteed by the U.S. government-sponsored enterprises, as well as equity securities of government-sponsored enterprises. Further, the company provides ATM, online banking, and remote deposit capture services. It serves employment sectors, including services, manufacturing, wholesale/retail trade, federal and local government, health care facilities, and finance related employment. The company serves customers through seven full-service banking offices located in Cockeysville, Pasadena, Towson, Rosedale, Ellicott City, and Baltimore City in Maryland. Hamilton Bancorp, Inc. was founded in 1915 and is headquartered in Towson, Maryland.

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Acadian Asset Management LLC Buys Shares of 3301 Lakeland Bancorp, Inc. (NASDAQ:LBAI)

Acadian Asset Management LLC bought a new stake in Lakeland Bancorp, Inc. (NASDAQ:LBAI) in the fourth quarter, according to its most recent filing …

Lakeland Bancorp logoAcadian Asset Management LLC bought a new stake in Lakeland Bancorp, Inc. (NASDAQ:LBAI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,301 shares of the financial services provider’s stock, valued at approximately $49,000.

Several other large investors have also bought and sold shares of the company. Prudential Financial Inc. raised its holdings in Lakeland Bancorp by 1.6% in the fourth quarter. Prudential Financial Inc. now owns 98,286 shares of the financial services provider’s stock valued at $1,456,000 after acquiring an additional 1,530 shares in the last quarter. LSV Asset Management grew its stake in Lakeland Bancorp by 23.9% in the fourth quarter. LSV Asset Management now owns 391,483 shares of the financial services provider’s stock worth $5,797,000 after purchasing an additional 75,400 shares in the last quarter. Algert Global LLC acquired a new position in Lakeland Bancorp in the fourth quarter worth about $153,000. Rhumbline Advisers increased its holdings in Lakeland Bancorp by 47.3% in the fourth quarter. Rhumbline Advisers now owns 65,381 shares of the financial services provider’s stock valued at $968,000 after buying an additional 20,995 shares during the last quarter. Finally, Lucas Capital Management raised its stake in Lakeland Bancorp by 110.0% during the fourth quarter. Lucas Capital Management now owns 54,838 shares of the financial services provider’s stock valued at $812,000 after buying an additional 28,719 shares in the last quarter. 53.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on LBAI. Zacks Investment Research cut shares of Lakeland Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine cut Lakeland Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 21st. Finally, BidaskClub lowered shares of Lakeland Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Lakeland Bancorp has a consensus rating of “Hold” and an average price target of $19.88.

In other news, Director James E. Hanson II purchased 1,585 shares of Lakeland Bancorp stock in a transaction that occurred on Friday, February 1st. The stock was acquired at an average price of $15.78 per share, for a total transaction of $25,011.30. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.07% of the company’s stock.

Lakeland Bancorp stock traded up $0.14 during mid-day trading on Friday, hitting $15.69. 55,700 shares of the company’s stock traded hands, compared to its average volume of 109,752. Lakeland Bancorp, Inc. has a one year low of $13.77 and a one year high of $21.15. The company has a market capitalization of $782.74 million, a P/E ratio of 11.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.96.

Lakeland Bancorp (NASDAQ:LBAI) last released its earnings results on Monday, January 28th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $49.83 million for the quarter, compared to the consensus estimate of $49.63 million. Lakeland Bancorp had a net margin of 26.93% and a return on equity of 10.67%. On average, research analysts expect that Lakeland Bancorp, Inc. will post 1.37 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Acadian Asset Management LLC Buys Shares of 3,301 Lakeland Bancorp, Inc. (NASDAQ:LBAI)” was originally reported by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.fairfieldcurrent.com/news/2019/04/06/acadian-asset-management-llc-takes-position-in-lakeland-bancorp-inc-lbai.html.

Lakeland Bancorp Company Profile

Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides various banking products and services for individuals and small to medium sized businesses. It offers commercial banking services, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing, as well as merchant credit card services; and Internet banking, mobile banking, wire transfer, night depository, and cash management services.

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Institutional Ownership by Quarter for Lakeland Bancorp (NASDAQ:LBAI)

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California Public Employees Retirement System Has $900000 Holdings in Customers Bancorp Inc …

Acadian Asset Management LLC bought a new position in shares of Customers Bancorp during the fourth quarter valued at $75,000. Prudential …

Customers Bancorp logoCalifornia Public Employees Retirement System raised its position in shares of Customers Bancorp Inc (NYSE:CUBI) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,455 shares of the bank’s stock after buying an additional 4,553 shares during the quarter. California Public Employees Retirement System owned 0.16% of Customers Bancorp worth $900,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CUBI. Acadian Asset Management LLC bought a new position in shares of Customers Bancorp during the fourth quarter valued at $75,000. Prudential Financial Inc. lifted its holdings in shares of Customers Bancorp by 10.6% during the fourth quarter. Prudential Financial Inc. now owns 661,610 shares of the bank’s stock valued at $12,041,000 after acquiring an additional 63,435 shares during the period. Oregon Public Employees Retirement Fund bought a new position in shares of Customers Bancorp during the fourth quarter valued at $202,000. ClariVest Asset Management LLC lifted its holdings in shares of Customers Bancorp by 0.9% during the fourth quarter. ClariVest Asset Management LLC now owns 106,300 shares of the bank’s stock valued at $1,934,000 after acquiring an additional 900 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in shares of Customers Bancorp during the fourth quarter valued at $127,000. 77.55% of the stock is owned by institutional investors.

In other news, VP Steven Issa sold 6,926 shares of Customers Bancorp stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $20.48, for a total transaction of $141,844.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Glenn Hedde sold 1,276 shares of Customers Bancorp stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $21.65, for a total value of $27,625.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,004 shares of company stock worth $337,759. Company insiders own 7.71% of the company’s stock.

Shares of CUBI opened at $19.21 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.84. Customers Bancorp Inc has a 1 year low of $16.72 and a 1 year high of $32.34. The stock has a market cap of $594.34 million, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.89 and a beta of 0.84.

Customers Bancorp (NYSE:CUBI) last issued its earnings results on Thursday, January 24th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Customers Bancorp had a return on equity of 12.82% and a net margin of 15.03%. The firm had revenue of $61.50 million for the quarter, compared to analysts’ expectations of $64.38 million. During the same quarter last year, the business earned $0.55 earnings per share. The company’s revenue was down 10.0% compared to the same quarter last year. As a group, equities analysts predict that Customers Bancorp Inc will post 2.15 earnings per share for the current year.

A number of analysts have recently weighed in on CUBI shares. Maxim Group set a $38.00 target price on Customers Bancorp and gave the company a “buy” rating in a research note on Friday, December 21st. ValuEngine lowered Customers Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 10th. Zacks Investment Research lowered Customers Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Finally, Boenning Scattergood restated a “buy” rating and issued a $22.75 target price on shares of Customers Bancorp in a research note on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.55.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Highlight Press and is owned by of Highlight Press. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://highlightpress.com/2019/04/06/california-public-employees-retirement-system-has-900000-holdings-in-customers-bancorp-inc-cubi.html.

About Customers Bancorp

Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to small and middle market businesses, not-for-profits, and consumers. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Customers Bancorp (NYSE:CUBI)

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