The Chegg, Inc. (CHGG) Releases Earnings Results, Report finds

Shares of Chegg (NYSE:CHGG) traded up 2.92% during trading on Monday, hitting $7.40. The company had a trading volume of 970,971 shares. Chegg has a 52-week low of $3.15 and a 52-week high of $8.57. The stock’s 50-day moving average is $7.29 and its 200 day moving average is $7.17. The firm’s market capitalization is $675.97 million.

Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings results on Monday. The company reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. Chegg had a negative return on equity of 12.67% and a negative net margin of 14.32%. The company earned $56.40 million during the quarter, compared to analysts’ expectations of $58.68 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s revenue was down 7.5% compared to the same quarter last year.

A number of brokerages have commented on CHGG. Craig Hallum reaffirmed a “hold” rating and set a $8.00 price target on shares of Chegg in a research report on Saturday, January 14th. Zacks Investment Research cut Chegg from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Chegg in a research report on Tuesday, December 6th. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $10.00 price target on shares of Chegg in a research report on Thursday, November 17th. Finally, Lake Street Capital lifted their price objective on Chegg from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.06.

About Chegg

Chegg, Inc is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. It matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States.

The Flowers Foods, Inc. (FLO) Releases Earnings Results, Misses Expectations By $0.00 EPS, Report finds

Shares of Flowers Foods (NYSE:FLO) traded up 0.63% during mid-day trading on Monday, reaching $20.84. 2,722,388 shares of the company’s stock traded hands. Flowers Foods has a 12 month low of $14.35 and a 12 month high of $21.00. The company has a 50 day moving average of $19.95 and a 200 day moving average of $16.95. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 23.98 and a beta of 0.87.

Flowers Foods, Inc. (NYSE:FLO) released its earnings results on Monday. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.00. Flowers Foods had a return on equity of 16.16% and a net margin of 4.67%. The business earned $868.70 million during the quarter, compared to the consensus estimate of $874.19 million.

A number of research firms have recently issued reports on FLO. Zacks Investment Research upgraded shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Monday. Wunderlich assumed coverage on shares of Flowers Foods in a research report on Friday, January 13th. They issued a “buy” rating and a $24.00 target price for the company. TheStreet raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. KeyCorp raised shares of Flowers Foods from a “sector weight” rating to an “overweight” rating and set a $23.00 target price for the company in a research report on Thursday, December 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $19.00 price objective (up from $17.00) on shares of Flowers Foods in a report on Tuesday, December 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.78.

In other news, CFO R Steve Kinsey sold 89,902 shares of the company’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $19.22, for a total value of $1,727,916.44. Following the completion of the transaction, the chief financial officer now owns 338,705 shares of the company’s stock, valued at $6,509,910.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tonja W. Taylor sold 4,425 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $15.91, for a total value of $70,401.75. Following the completion of the transaction, the senior vice president now directly owns 17,594 shares of the company’s stock, valued at approximately $279,920.54. The disclosure for this sale can be found here. Insiders sold 256,472 shares of company stock valued at $4,685,873 in the last 90 days. Company insiders own 16.87% of the company’s stock.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.

The Summit Equities Inc Lowers Stake in Williams Partners LP (WPZ), Report finds

A number of other institutional investors have also recently bought and sold shares of WPZ. Miller Howard Investments Inc. NY bought a new stake in Williams Partners during the third quarter worth about $83,760,000. Harvest Fund Advisors LLC raised its stake in Williams Partners by 29.3% in the second quarter. Harvest Fund Advisors LLC now owns 8,450,894 shares of the company’s stock worth $292,739,000 after buying an additional 1,913,034 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Williams Partners by 9.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 20,039,299 shares of the company’s stock worth $694,145,000 after buying an additional 1,756,599 shares in the last quarter. Aravt Global LLC bought a new stake in Williams Partners during the second quarter worth about $49,362,000. Finally, Advisory Research Inc. raised its stake in Williams Partners by 13.8% in the second quarter. Advisory Research Inc. now owns 5,290,123 shares of the company’s stock worth $183,250,000 after buying an additional 640,052 shares in the last quarter. 34.35% of the stock is currently owned by hedge funds and other institutional investors.

Summit Equities Inc lowered its stake in Williams Partners LP (NYSE:WPZ) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,484 shares of the company’s stock after selling 4,293 shares during the period. Williams Partners makes up about 0.3% of Summit Equities Inc’s holdings, making the stock its 11th largest position. Summit Equities Inc’s holdings in Williams Partners were worth $1,387,000 at the end of the most recent reporting period.

Williams Partners LP (NYSE:WPZ) traded up 0.64% during mid-day trading on Monday, hitting $41.00. The stock had a trading volume of 1,241,558 shares. The stock’s market cap is $24.43 billion. Williams Partners LP has a 12-month low of $13.73 and a 12-month high of $42.32. The company has a 50-day moving average of $39.91 and a 200-day moving average of $37.20.

The company also recently announced a quarterly dividend, which was paid on Friday, February 10th. Stockholders of record on Friday, February 3rd were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date was Wednesday, February 1st. Williams Partners’s dividend payout ratio (DPR) is currently -115.65%.

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Williams Partners from $36.00 to $37.00 and gave the company a “hold” rating in a report on Tuesday, November 1st. Zacks Investment Research downgraded Williams Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 1st. Citigroup Inc. reiterated a “neutral” rating on shares of Williams Partners in a report on Wednesday, November 2nd. Barclays PLC reiterated an “equal weight” rating and issued a $37.00 price objective on shares of Williams Partners in a report on Monday, December 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $40.00 price objective on shares of Williams Partners in a report on Thursday, December 22nd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.13.

About Williams Partners

Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.

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The John W. Rosenthal Capital Management Inc. Invests $1,815,000 in Guaranty Bancorp (GBNK), Report finds

Several other hedge funds and other institutional investors also recently modified their holdings of GBNK. BlackRock Group LTD bought a new position in shares of Guaranty Bancorp during the third quarter worth approximately $6,908,000. EJF Capital LLC boosted its position in shares of Guaranty Bancorp by 34.5% in the third quarter. EJF Capital LLC now owns 913,788 shares of the financial services provider’s stock worth $16,311,000 after buying an additional 234,547 shares in the last quarter. Penn Capital Management Co. Inc. bought a new position in shares of Guaranty Bancorp during the third quarter worth approximately $3,717,000. Russell Investments Group Ltd. bought a new position in shares of Guaranty Bancorp during the fourth quarter worth approximately $4,860,000. Finally, Castine Capital Management LLC bought a new position in shares of Guaranty Bancorp during the second quarter worth approximately $2,543,000. Institutional investors own 63.49% of the company’s stock.

John W. Rosenthal Capital Management Inc. acquired a new position in Guaranty Bancorp (NASDAQ:GBNK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 75,000 shares of the financial services provider’s stock, valued at approximately $1,815,000. John W. Rosenthal Capital Management Inc. owned about 0.27% of Guaranty Bancorp as of its most recent filing with the SEC.

Shares of Guaranty Bancorp (NASDAQ:GBNK) traded up 1.03% during mid-day trading on Monday, hitting $24.50. The stock had a trading volume of 84,052 shares. The firm’s 50 day moving average price is $24.30 and its 200-day moving average price is $20.23. Guaranty Bancorp has a one year low of $14.19 and a one year high of $25.20. The company has a market cap of $681.59 million, a PE ratio of 23.33 and a beta of 1.12.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 21st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.04%. This is a boost from Guaranty Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, February 16th. Guaranty Bancorp’s dividend payout ratio (DPR) is currently 44.23%.

A number of research analysts have commented on GBNK shares. Sandler O’Neill upgraded Guaranty Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Zacks Investment Research raised Guaranty Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, November 18th. Finally, FIG Partners lowered Guaranty Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Guaranty Bancorp currently has an average rating of “Hold” and a consensus price target of $19.00.

In related news, Director W Kirk Wycoff sold 95,043 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $20.41, for a total transaction of $1,939,827.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Eggemeyer III sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $20.75, for a total transaction of $20,750,000.00. Following the sale, the director now owns 4,224 shares in the company, valued at $87,648. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,139,946 shares of company stock worth $44,492,014. Insiders own 31.93% of the company’s stock.

About Guaranty Bancorp

Guaranty Bancorp is the bank holding for Guaranty Bank and Trust Company (the Bank). The Company’s segment is banking. The Company operates approximately 30 branches and over two investment management firms, including Private Capital Management LLC (PCM) and Cherry Hills Investment Advisors Inc (CHIA), in Colorado through the Bank.

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The John W. Rosenthal Capital Management Inc. Buys New Position in Pacific Continental Corporation (Ore) (PCBK), Report finds

Several other institutional investors have also modified their holdings of the company. ICM Asset Management Inc. WA acquired a new position in shares of Pacific Continental Corporation (Ore) during the third quarter worth about $260,000. Monarch Partners Asset Management LLC acquired a new position in shares of Pacific Continental Corporation (Ore) during the third quarter worth about $400,000. Chicago Equity Partners LLC increased its position in shares of Pacific Continental Corporation (Ore) by 22.7% in the second quarter. Chicago Equity Partners LLC now owns 39,200 shares of the financial services provider’s stock worth $616,000 after buying an additional 7,247 shares during the period. Bessemer Group Inc. acquired a new position in shares of Pacific Continental Corporation (Ore) during the fourth quarter worth about $629,000. Finally, Context BH Capital Management LP increased its position in shares of Pacific Continental Corporation (Ore) by 32.6% in the third quarter. Context BH Capital Management LP now owns 37,722 shares of the financial services provider’s stock worth $634,000 after buying an additional 9,282 shares during the period. 60.93% of the stock is owned by institutional investors and hedge funds.

John W. Rosenthal Capital Management Inc. bought a new position in Pacific Continental Corporation (Ore) (NASDAQ:PCBK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the financial services provider’s stock, valued at approximately $2,185,000. Pacific Continental Corporation (Ore) accounts for approximately 1.8% of John W. Rosenthal Capital Management Inc.’s investment portfolio, making the stock its 25th largest position. John W. Rosenthal Capital Management Inc. owned 0.44% of Pacific Continental Corporation (Ore) at the end of the most recent quarter.

Shares of Pacific Continental Corporation (NASDAQ:PCBK) traded up 1.63% during midday trading on Monday, reaching $24.95. The company’s stock had a trading volume of 151,689 shares. The stock has a market capitalization of $564.14 million, a PE ratio of 26.26 and a beta of 0.66. Pacific Continental Corporation has a 12 month low of $14.35 and a 12 month high of $26.85. The stock’s 50 day moving average is $24.25 and its 200 day moving average is $18.97.

Pacific Continental Corporation (Ore) (NASDAQ:PCBK) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Pacific Continental Corporation (Ore) had a net margin of 20.23% and a return on equity of 9.00%. On average, analysts forecast that Pacific Continental Corporation will post $1.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Investors of record on Thursday, February 9th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Tuesday, February 7th. Pacific Continental Corporation (Ore)’s dividend payout ratio is presently 46.81%.

A number of equities analysts have recently issued reports on PCBK shares. Zacks Investment Research raised Pacific Continental Corporation (Ore) from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, January 4th. FIG Partners cut Pacific Continental Corporation (Ore) from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Keefe, Bruyette & Woods cut Pacific Continental Corporation (Ore) from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $22.00 to $28.00 in a report on Wednesday, January 11th. DA Davidson cut Pacific Continental Corporation (Ore) from a “buy” rating to a “neutral” rating in a report on Wednesday, January 11th. Finally, Raymond James Financial, Inc. initiated coverage on Pacific Continental Corporation (Ore) in a report on Thursday, January 12th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.50.

About Pacific Continental Corporation (Ore)

Pacific Continental Corporation is a bank holding company. The Company’s principal business activities are conducted through its subsidiary, Pacific Continental Bank (the Bank), an Oregon state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (FDIC). The Bank operates in over three primary markets, including Eugene, Oregon, Portland; Oregon/Southwest Washington, and Seattle, Washington.

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The John W. Rosenthal Capital Management Inc. Acquires Shares of 70,000 Northrim BanCorp Inc (NRIM), Report finds

A number of other hedge funds have also modified their holdings of NRIM. Schwab Charles Investment Management Inc. acquired a new stake in shares of Northrim BanCorp during the second quarter valued at approximately $376,000. Strs Ohio raised its stake in shares of Northrim BanCorp by 8.3% in the third quarter. Strs Ohio now owns 14,940 shares of the financial services provider’s stock valued at $384,000 after buying an additional 1,140 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Northrim BanCorp by 63.0% in the second quarter. Bank of New York Mellon Corp now owns 33,339 shares of the financial services provider’s stock valued at $876,000 after buying an additional 12,883 shares during the last quarter. Algert Global LLC raised its stake in shares of Northrim BanCorp by 24.7% in the third quarter. Algert Global LLC now owns 10,838 shares of the financial services provider’s stock valued at $279,000 after buying an additional 2,147 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Northrim BanCorp by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 240,821 shares of the financial services provider’s stock valued at $6,202,000 after buying an additional 1,600 shares during the last quarter. 66.88% of the stock is currently owned by institutional investors.

John W. Rosenthal Capital Management Inc. acquired a new stake in shares of Northrim BanCorp Inc (NASDAQ:NRIM) during the fourth quarter, Holdings Channel reports. The firm acquired 70,000 shares of the financial services provider’s stock, valued at approximately $2,212,000. Northrim BanCorp comprises approximately 1.8% of John W. Rosenthal Capital Management Inc.’s investment portfolio, making the stock its 24th largest position. John W. Rosenthal Capital Management Inc. owned 1.01% of Northrim BanCorp at the end of the most recent quarter.

Shares of Northrim BanCorp Inc (NASDAQ:NRIM) traded up 1.37% during mid-day trading on Monday, reaching $29.65. The company’s stock had a trading volume of 26,902 shares. The company has a market capitalization of $204.50 million, a price-to-earnings ratio of 14.39 and a beta of 0.56. The company’s 50 day moving average price is $30.35 and its 200-day moving average price is $27.60. Northrim BanCorp Inc has a 1-year low of $21.60 and a 1-year high of $33.00.

Separately, Zacks Investment Research lowered Northrim BanCorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 8th.

About Northrim BanCorp

Northrim BanCorp, Inc is a bank holding company. The Company operates in two segments: Community Banking and Home Mortgage Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Community Banking segment operates approximately 10 branches throughout Alaska.

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The John W. Rosenthal Capital Management Inc. Invests $2,233,000 in 1st Source Corporation (SRCE), Report finds

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. increased its position in shares of 1st Source Corporation by 128.0% in the fourth quarter. Bessemer Group Inc. now owns 28,072 shares of the financial services provider’s stock worth $1,253,000 after buying an additional 15,762 shares during the period. Martingale Asset Management L P increased its position in shares of 1st Source Corporation by 70.2% in the fourth quarter. Martingale Asset Management L P now owns 96,972 shares of the financial services provider’s stock worth $4,331,000 after buying an additional 40,008 shares during the period. Finally, State Street Corp increased its position in shares of 1st Source Corporation by 10.1% in the fourth quarter. State Street Corp now owns 304,281 shares of the financial services provider’s stock worth $13,590,000 after buying an additional 27,935 shares during the period. Institutional investors own 64.38% of the company’s stock.

John W. Rosenthal Capital Management Inc. acquired a new position in shares of 1st Source Corporation (NASDAQ:SRCE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the financial services provider’s stock, valued at approximately $2,233,000. 1st Source Corporation comprises approximately 1.9% of John W. Rosenthal Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. John W. Rosenthal Capital Management Inc. owned approximately 0.19% of 1st Source Corporation at the end of the most recent quarter.

Shares of 1st Source Corporation (NASDAQ:SRCE) traded up 2.21% during mid-day trading on Monday, hitting $44.45. The stock had a trading volume of 108,444 shares. The stock has a market cap of $1.15 billion, a P/E ratio of 20.02 and a beta of 1.01. 1st Source Corporation has a one year low of $28.68 and a one year high of $49.11. The firm has a 50 day moving average of $44.52 and a 200-day moving average of $38.46.

1st Source Corporation (NASDAQ:SRCE) last posted its earnings results on Thursday, January 19th. The financial services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.02. 1st Source Corporation had a return on equity of 8.75% and a net margin of 20.59%. Equities research analysts expect that 1st Source Corporation will post $2.39 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Monday, February 6th will be given a $0.18 dividend. The ex-dividend date is Thursday, February 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. 1st Source Corporation’s dividend payout ratio is currently 32.43%.

A number of research analysts recently commented on SRCE shares. Zacks Investment Research cut 1st Source Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 8th. Piper Jaffray Companies started coverage on 1st Source Corporation in a report on Thursday, January 12th. They issued an “overweight” rating and a $47.00 price target on the stock.

In other 1st Source Corporation news, VP John B. Griffith sold 2,500 shares of 1st Source Corporation stock in a transaction on Monday, November 28th. The stock was sold at an average price of $39.08, for a total value of $97,700.00. Following the sale, the vice president now owns 39,363 shares in the company, valued at $1,538,306.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.52% of the stock is owned by insiders.

About 1st Source Corporation

1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. 1st Source Bank (the Bank), its banking subsidiary, offers commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through its approximately 80 banking center locations in over 20 counties in Indiana and Michigan.

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The John W. Rosenthal Capital Management Inc. Invests $2,828,000 in Mercantile Bank Corporation (MBWM), Report finds

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MBWM. Wesbanco Bank Inc. purchased a new position in Mercantile Bank Corporation during the fourth quarter worth about $202,000. Russell Investments Group Ltd. purchased a new position in Mercantile Bank Corporation during the fourth quarter worth about $687,000. Spark Investment Management LLC raised its position in Mercantile Bank Corporation by 56.3% in the third quarter. Spark Investment Management LLC now owns 13,600 shares of the financial services provider’s stock worth $365,000 after buying an additional 4,900 shares during the last quarter. FormulaFolio Investments LLC purchased a new position in Mercantile Bank Corporation during the third quarter worth about $205,000. Finally, LSV Asset Management raised its position in Mercantile Bank Corporation by 2.7% in the third quarter. LSV Asset Management now owns 268,017 shares of the financial services provider’s stock worth $7,196,000 after buying an additional 7,100 shares during the last quarter. 47.97% of the stock is owned by hedge funds and other institutional investors.

John W. Rosenthal Capital Management Inc. bought a new position in shares of Mercantile Bank Corporation (NASDAQ:MBWM) during the fourth quarter, Holdings Channel reports. The firm bought 75,000 shares of the financial services provider’s stock, valued at approximately $2,828,000. Mercantile Bank Corporation comprises 2.3% of John W. Rosenthal Capital Management Inc.’s portfolio, making the stock its 16th largest position. John W. Rosenthal Capital Management Inc. owned 0.46% of Mercantile Bank Corporation as of its most recent SEC filing.

Mercantile Bank Corporation (NASDAQ:MBWM) traded up 2.57% during mid-day trading on Monday, hitting $32.32. 50,337 shares of the company were exchanged. The stock has a market cap of $530.57 million, a P/E ratio of 16.50 and a beta of 0.88. Mercantile Bank Corporation has a 12-month low of $21.05 and a 12-month high of $38.68. The company has a 50 day moving average of $34.51 and a 200 day moving average of $30.22.

Mercantile Bank Corporation (NASDAQ:MBWM) last released its earnings results on Tuesday, January 17th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. Mercantile Bank Corporation had a return on equity of 9.27% and a net margin of 22.88%. On average, equities research analysts expect that Mercantile Bank Corporation will post $1.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Friday, March 10th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Wednesday, March 8th. This is a boost from Mercantile Bank Corporation’s previous quarterly dividend of $0.17. Mercantile Bank Corporation’s payout ratio is currently 34.87%.

A number of research firms have commented on MBWM. Raymond James Financial, Inc. downgraded shares of Mercantile Bank Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 18th. Keefe, Bruyette & Woods downgraded shares of Mercantile Bank Corporation from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $30.00 to $35.00 in a research report on Tuesday, November 29th. Hovde Group began coverage on shares of Mercantile Bank Corporation in a research report on Monday, November 21st. They set a “market perform” rating and a $32.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Mercantile Bank Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th.

In other news, Director Edward B. Grant sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $32.92, for a total transaction of $65,840.00. Following the sale, the director now directly owns 18,987 shares in the company, valued at $625,052.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Michael H. Price sold 9,551 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $35.18, for a total value of $336,004.18. Following the sale, the chairman now owns 56,261 shares in the company, valued at $1,979,261.98. The disclosure for this sale can be found here. Insiders own 3.44% of the company’s stock.

Mercantile Bank Corporation Company Profile

Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The bank, through its approximately 50 office locations, provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and around the West and Central portions of Michigan.

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The 106,963 Shares in Eagle Bancorp, Inc. (EGBN) Acquired by John W. Rosenthal Capital Management Inc., Report finds

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. increased its position in Eagle Bancorp by 55.4% in the fourth quarter. Baird Financial Group Inc. now owns 8,515 shares of the financial services provider’s stock valued at $519,000 after buying an additional 3,036 shares during the period. Dimensional Fund Advisors LP increased its position in Eagle Bancorp by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 761,062 shares of the financial services provider’s stock valued at $46,387,000 after buying an additional 18,260 shares during the period. State Street Corp increased its position in Eagle Bancorp by 8.6% in the fourth quarter. State Street Corp now owns 663,031 shares of the financial services provider’s stock valued at $40,408,000 after buying an additional 52,664 shares during the period. Century Capital Management LLC bought a new position in Eagle Bancorp during the fourth quarter valued at $2,483,000. Finally, Russell Investments Group Ltd. bought a new position in Eagle Bancorp during the fourth quarter valued at $1,358,000. Institutional investors and hedge funds own 66.21% of the company’s stock.

John W. Rosenthal Capital Management Inc. acquired a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 106,963 shares of the financial services provider’s stock, valued at approximately $6,519,000. Eagle Bancorp makes up approximately 5.4% of John W. Rosenthal Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. John W. Rosenthal Capital Management Inc. owned about 0.31% of Eagle Bancorp as of its most recent filing with the SEC.

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) traded up 0.08% during mid-day trading on Monday, reaching $61.90. 88,044 shares of the company traded hands. The company has a market capitalization of $2.11 billion, a P/E ratio of 21.64 and a beta of 0.71. The stock’s 50-day moving average is $60.54 and its 200-day moving average is $54.46. Eagle Bancorp, Inc. has a 52 week low of $43.95 and a 52 week high of $64.94.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, January 18th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. The company had revenue of $74 million for the quarter, compared to analysts’ expectations of $67.36 million. Eagle Bancorp had a net margin of 31.21% and a return on equity of 12.39%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. On average, equities analysts predict that Eagle Bancorp, Inc. will post $3.10 EPS for the current fiscal year.

Several research firms recently weighed in on EGBN. Stephens downgraded shares of Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 21st. Sandler O’Neill upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, October 24th.

In other news, CFO James H. Langmead sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $59.50, for a total transaction of $297,500.00. Following the completion of the transaction, the chief financial officer now owns 60,570 shares in the company, valued at $3,603,915. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Norman Robert Pozez sold 30,000 shares of the company’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $60.00, for a total transaction of $1,800,000.00. Following the transaction, the director now owns 8,482 shares of the company’s stock, valued at approximately $508,920. The disclosure for this sale can be found here. Insiders have sold 44,900 shares of company stock worth $2,702,586 over the last three months. 9.99% of the stock is owned by corporate insiders.

About Eagle Bancorp

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.

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The 151,880 Shares in Stock Yards Bancorp, Inc. (SYBT) Acquired by John W. Rosenthal Capital Management Inc., Report finds

Several other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Stock Yards Bancorp by 52.0% in the second quarter. Dimensional Fund Advisors LP now owns 706,283 shares of the company’s stock worth $19,938,000 after buying an additional 241,737 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Stock Yards Bancorp by 46.1% in the second quarter. Wedge Capital Management L L P NC now owns 419,724 shares of the company’s stock worth $11,849,000 after buying an additional 132,524 shares during the last quarter. Walthausen & Co. LLC raised its position in Stock Yards Bancorp by 49.5% in the second quarter. Walthausen & Co. LLC now owns 264,573 shares of the company’s stock worth $7,469,000 after buying an additional 87,561 shares during the last quarter. Davis Capital Partners LLC raised its position in Stock Yards Bancorp by 50.0% in the second quarter. Davis Capital Partners LLC now owns 225,180 shares of the company’s stock worth $6,356,000 after buying an additional 75,060 shares during the last quarter. Finally, State Street Corp raised its position in Stock Yards Bancorp by 13.5% in the fourth quarter. State Street Corp now owns 417,943 shares of the company’s stock worth $19,624,000 after buying an additional 49,644 shares during the last quarter. Institutional investors own 39.96% of the company’s stock.

John W. Rosenthal Capital Management Inc. acquired a new position in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 151,880 shares of the company’s stock, valued at approximately $7,131,000. Stock Yards Bancorp makes up about 5.9% of John W. Rosenthal Capital Management Inc.’s holdings, making the stock its largest position. John W. Rosenthal Capital Management Inc. owned 0.67% of Stock Yards Bancorp at the end of the most recent quarter.

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) traded up 0.56% on Monday, hitting $44.85. The company had a trading volume of 33,308 shares. Stock Yards Bancorp, Inc. has a one year low of $24.02 and a one year high of $48.05. The stock has a market capitalization of $1.01 billion, a PE ratio of 24.92 and a beta of 0.71. The stock has a 50 day moving average of $45.58 and a 200-day moving average of $37.65.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its quarterly earnings results on Thursday, January 26th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Stock Yards Bancorp had a return on equity of 13.48% and a net margin of 28.16%. Equities analysts anticipate that Stock Yards Bancorp, Inc. will post $1.90 EPS for the current year.

A number of research analysts recently weighed in on SYBT shares. Hilliard Lyons lowered Stock Yards Bancorp from a “neutral” rating to an “underperform” rating in a report on Thursday, October 27th. Zacks Investment Research raised Stock Yards Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, November 1st.

In related news, CEO David P. Heintzman sold 2,024 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $41.50, for a total transaction of $83,996.00. Following the completion of the transaction, the chief executive officer now directly owns 164,066 shares in the company, valued at $6,808,739. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David P. Heintzman sold 4,027 shares of the business’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $44.70, for a total value of $180,006.90. Following the transaction, the chief executive officer now owns 163,946 shares of the company’s stock, valued at $7,328,386.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 230 shares of company stock valued at $10,197 and have sold 11,701 shares valued at $509,410. 8.40% of the stock is owned by insiders.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc is the holding company for Stock Yards Bank & Trust Company (the Bank). The Company operates through two segments: commercial banking, and investment management and trust. Its commercial banking segment provides a range of loan and deposit products to individual consumers and businesses.

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