Moors & Cabot Inc. Has $137000 Position in Valley National Bancorp (NYSE:VLY)

Two Sigma Investments LP acquired a new position in Valley National Bancorp during the fourth quarter worth $1,109,000. Two Sigma Advisers LP …

Valley National Bancorp logoMoors & Cabot Inc. cut its position in shares of Valley National Bancorp (NYSE:VLY) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,741 shares of the financial services provider’s stock after selling 1,000 shares during the period. Moors & Cabot Inc.’s holdings in Valley National Bancorp were worth $137,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Valley National Bancorp by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,333,186 shares of the financial services provider’s stock valued at $127,279,000 after purchasing an additional 1,515,954 shares in the last quarter. Two Sigma Investments LP acquired a new position in Valley National Bancorp during the fourth quarter worth $1,109,000. Two Sigma Advisers LP acquired a new position in Valley National Bancorp during the fourth quarter worth $232,000. Bank of America Corp DE increased its position in Valley National Bancorp by 0.7% during the fourth quarter. Bank of America Corp DE now owns 1,341,251 shares of the financial services provider’s stock worth $11,910,000 after buying an additional 8,775 shares during the last quarter. Finally, Suntrust Banks Inc. grew its position in shares of Valley National Bancorp by 29.2% in the fourth quarter. Suntrust Banks Inc. now owns 26,471 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 5,982 shares during the last quarter. Institutional investors own 55.94% of the company’s stock.

Shares of NYSE:VLY opened at $10.32 on Friday. The stock’s 50-day moving average is $10.73 and its 200-day moving average is $10.37. Valley National Bancorp has a 52-week low of $8.42 and a 52-week high of $12.25.

Valley National Bancorp (NYSE:VLY) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $247.84 million during the quarter, compared to the consensus estimate of $256.70 million. During the same quarter in the previous year, the business posted $0.18 EPS.

Separately, Zacks Investment Research raised Valley National Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

About Valley National Bancorp

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

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Institutional Ownership by Quarter for Valley National Bancorp (NYSE:VLY)

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Midland States Bancorp (NASDAQ:MSBI) Stock Rating Lowered by Zacks Investment Research

Quantum Capital Management raised its stake in Midland States Bancorp by 69.9% during the first quarter. Quantum Capital Management now owns …

Midland States Bancorp Inc logoZacks Investment Research cut shares of Midland States Bancorp (NASDAQ:MSBI) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “Midland States Bancorp, Inc. is a financial and bank holding company. It provides commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. The company also offers commercial equipment leasing services which provided through Heartland Business Credit and multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiaries. Midland States Bancorp, Inc. is headquartered in Effingham, Illinois. “

MSBI has been the subject of several other reports. TheStreet upgraded Midland States Bancorp from a c+ rating to a b rating in a research report on Friday, May 24th. ValuEngine raised shares of Midland States Bancorp from a strong sell rating to a sell rating in a research note on Thursday, April 18th. Finally, BidaskClub raised shares of Midland States Bancorp from a sell rating to a hold rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $27.00.

Shares of Midland States Bancorp stock opened at $26.19 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. Midland States Bancorp has a 1 year low of $19.56 and a 1 year high of $35.28. The firm has a market cap of $630.21 million, a P/E ratio of 12.84, a P/E/G ratio of 1.47 and a beta of 1.35. The stock’s 50 day moving average is $26.15.

In other Midland States Bancorp news, SVP Jeffrey A. Brunoehler sold 22,178 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.00, for a total value of $598,806.00. Following the transaction, the senior vice president now owns 57,861 shares in the company, valued at approximately $1,562,247. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon J. Holschbach sold 9,500 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $26.67, for a total transaction of $253,365.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,678 shares of company stock valued at $1,345,601. 12.70% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of MSBI. Kennedy Capital Management Inc. acquired a new stake in shares of Midland States Bancorp in the 1st quarter valued at about $3,609,000. Dimensional Fund Advisors LP raised its stake in Midland States Bancorp by 25.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,834 shares of the financial services provider’s stock worth $12,507,000 after acquiring an additional 114,165 shares during the period. Hennessy Advisors Inc. raised its stake in Midland States Bancorp by 115.4% during the first quarter. Hennessy Advisors Inc. now owns 140,000 shares of the financial services provider’s stock worth $3,368,000 after acquiring an additional 75,000 shares during the period. Quantum Capital Management raised its stake in Midland States Bancorp by 69.9% during the first quarter. Quantum Capital Management now owns 177,177 shares of the financial services provider’s stock worth $4,263,000 after acquiring an additional 72,875 shares during the period. Finally, BlackRock Inc. raised its stake in Midland States Bancorp by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,392,525 shares of the financial services provider’s stock worth $31,109,000 after acquiring an additional 37,847 shares during the period. Institutional investors and hedge funds own 47.51% of the company’s stock.

About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

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HMS Capital Management LLC Purchases Shares of 1127 Community Trust Bancorp, Inc …

Acadian Asset Management LLC grew its stake in shares of Community Trust Bancorp by 325.1% in the first quarter. Acadian Asset Management LLC …

Community Trust Bancorp logoHMS Capital Management LLC purchased a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,127 shares of the financial services provider’s stock, valued at approximately $48,000.

Other large investors have also recently bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in Community Trust Bancorp in the 2nd quarter worth approximately $293,000. FMR LLC grew its stake in Community Trust Bancorp by 68.9% in the first quarter. FMR LLC now owns 192,176 shares of the financial services provider’s stock worth $7,891,000 after purchasing an additional 78,400 shares during the period. Globeflex Capital L P grew its stake in Community Trust Bancorp by 18.3% in the first quarter. Globeflex Capital L P now owns 9,344 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 1,444 shares during the period. Acadian Asset Management LLC grew its stake in shares of Community Trust Bancorp by 325.1% in the first quarter. Acadian Asset Management LLC now owns 9,454 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 7,230 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Community Trust Bancorp by 22.3% in the first quarter. Martingale Asset Management L P now owns 89,435 shares of the financial services provider’s stock worth $3,673,000 after acquiring an additional 16,300 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Shares of Community Trust Bancorp stock traded down $0.37 on Friday, reaching $40.87. The company had a trading volume of 858 shares, compared to its average volume of 23,441. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $41.44. The firm has a market capitalization of $756.94 million, a price-to-earnings ratio of 12.18 and a beta of 0.64. Community Trust Bancorp, Inc. has a 1 year low of $35.70 and a 1 year high of $51.20.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.18. The business had revenue of $48.28 million during the quarter, compared to analyst estimates of $48.98 million. Community Trust Bancorp had a return on equity of 11.54% and a net margin of 28.19%. Equities analysts expect that Community Trust Bancorp, Inc. will post 3.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 3.72%. Community Trust Bancorp’s payout ratio is 42.99%.

A number of research analysts have recently issued reports on the company. BidaskClub raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Zacks Investment Research downgraded Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.

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Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

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First Trust Advisors LP Boosts Position in S & T Bancorp Inc (NASDAQ:STBA)

Millennium Management LLC lifted its position in shares of S & T Bancorp by 47.0% during the 4th quarter. Millennium Management LLC now owns …

S & T Bancorp logoFirst Trust Advisors LP increased its stake in shares of S & T Bancorp Inc (NASDAQ:STBA) by 12.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,468 shares of the financial services provider’s stock after buying an additional 9,587 shares during the quarter. First Trust Advisors LP owned about 0.25% of S & T Bancorp worth $3,418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of S & T Bancorp by 47.0% during the 4th quarter. Millennium Management LLC now owns 6,931 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 2,216 shares during the period. Sageworth Trust Co grew its stake in shares of S & T Bancorp by 4.5% during the 1st quarter. Sageworth Trust Co now owns 42,569 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 1,821 shares during the period. Bahl & Gaynor Inc. grew its stake in shares of S & T Bancorp by 21.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 90,612 shares of the financial services provider’s stock valued at $3,429,000 after buying an additional 16,182 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of S & T Bancorp by 25.8% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,603 shares of the financial services provider’s stock valued at $855,000 after buying an additional 4,640 shares during the period. Finally, First Commonwealth Financial Corp PA grew its stake in shares of S & T Bancorp by 43.3% during the 4th quarter. First Commonwealth Financial Corp PA now owns 208,164 shares of the financial services provider’s stock valued at $7,877,000 after buying an additional 62,859 shares during the period. 60.23% of the stock is currently owned by hedge funds and other institutional investors.

STBA has been the subject of a number of research reports. Zacks Investment Research raised shares of S & T Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Boenning Scattergood reaffirmed a “hold” rating on shares of S & T Bancorp in a research report on Monday, April 22nd. Finally, ValuEngine cut shares of S & T Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.00.

In related news, CEO Todd D. Brice purchased 2,036 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $37.31 per share, for a total transaction of $75,963.16. Following the transaction, the chief executive officer now directly owns 91,520 shares of the company’s stock, valued at approximately $3,414,611.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Shares of S & T Bancorp stock traded down $0.19 during trading on Monday, reaching $37.81. The company had a trading volume of 86,359 shares, compared to its average volume of 132,620. S & T Bancorp Inc has a fifty-two week low of $35.16 and a fifty-two week high of $47.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.28 and a beta of 0.65. The firm’s fifty day simple moving average is $37.80.

S & T Bancorp (NASDAQ:STBA) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). The firm had revenue of $71.72 million during the quarter, compared to analyst estimates of $72.39 million. S & T Bancorp had a net margin of 29.41% and a return on equity of 11.02%. On average, equities analysts forecast that S & T Bancorp Inc will post 2.97 EPS for the current fiscal year.

About S & T Bancorp

S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits.

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Institutional Ownership by Quarter for S & T Bancorp (NASDAQ:STBA)

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BidaskClub Downgrades Midland States Bancorp (NASDAQ:MSBI) to Hold

One investment analyst has rated the stock with a sell rating, two have … Quantum Capital Management boosted its position in shares of Midland …

Midland States Bancorp Inc logoBidaskClub downgraded shares of Midland States Bancorp (NASDAQ:MSBI) from a buy rating to a hold rating in a research report released on Tuesday, June 11th, BidAskClub reports.

Other research analysts have also recently issued research reports about the company. TheStreet upgraded Midland States Bancorp from a c+ rating to a b rating in a report on Friday, May 24th. Zacks Investment Research upgraded Midland States Bancorp from a hold rating to a buy rating and set a $27.00 target price on the stock in a report on Wednesday, April 3rd. Finally, ValuEngine upgraded Midland States Bancorp from a strong sell rating to a sell rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $27.00.

Shares of MSBI stock traded up $0.17 during mid-day trading on Tuesday, hitting $26.40. 37,671 shares of the company’s stock were exchanged, compared to its average volume of 81,253. Midland States Bancorp has a fifty-two week low of $19.56 and a fifty-two week high of $36.06. The company has a 50-day simple moving average of $25.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $631.18 million, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.46 and a beta of 1.35.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Midland States Bancorp had a return on equity of 10.06% and a net margin of 16.69%. The business had revenue of $62.68 million for the quarter, compared to analysts’ expectations of $64.70 million. As a group, sell-side analysts anticipate that Midland States Bancorp will post 2.58 EPS for the current year.

In other news, Director Jerry L. Mcdaniel sold 12,663 shares of Midland States Bancorp stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $27.01, for a total transaction of $342,027.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leon J. Holschbach sold 9,500 shares of Midland States Bancorp stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $25.20, for a total value of $239,400.00. The disclosure for this sale can be found here. Insiders sold 38,721 shares of company stock worth $1,023,029 over the last three months. 12.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Midland States Bancorp by 2.8% in the fourth quarter. BlackRock Inc. now owns 1,392,525 shares of the financial services provider’s stock valued at $31,109,000 after acquiring an additional 37,847 shares during the period. Hennessy Advisors Inc. boosted its position in shares of Midland States Bancorp by 115.4% during the first quarter. Hennessy Advisors Inc. now owns 140,000 shares of the financial services provider’s stock worth $3,368,000 after buying an additional 75,000 shares during the period. Quantum Capital Management boosted its position in shares of Midland States Bancorp by 113.2% during the fourth quarter. Quantum Capital Management now owns 104,302 shares of the financial services provider’s stock worth $2,330,000 after buying an additional 55,388 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Midland States Bancorp during the fourth quarter worth approximately $36,000. Finally, Citigroup Inc. raised its holdings in Midland States Bancorp by 22.6% during the fourth quarter. Citigroup Inc. now owns 9,258 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 1,709 shares in the last quarter. Institutional investors and hedge funds own 47.56% of the company’s stock.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

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