Iberiabank (IBKC) Shareholder Rmb Capital Management Trimmed Position by $9.04 Million; Steinberg Asset Management Lowered Par Pacific Holdings (PARR) Position by $1.05 Million as Stock Rose

November 15, 2017 - By Darrin Black

Steinberg Asset Management Llc decreased its stake in Par Pacific Holdings Inc (PARR) by 19.87% based on its latest 2017Q2 regulatory filing with the SEC. Steinberg Asset Management Llc sold 58,561 shares as the company’s stock rose 14.47% with the market. The hedge fund held 236,195 shares of the oil & gas production company at the end of 2017Q2, valued at $4.26 million, down from 294,756 at the end of the previous reported quarter. Steinberg Asset Management Llc who had been investing in Par Pacific Holdings Inc for a number of months, seems to be less bullish one the $869.34 million market cap company. The stock declined 1.16% or $0.22 reaching $18.76 per share. About 24,354 shares traded. Par Pacific Holdings, Inc. (NYSEMKT:PARR) has risen 13.72% since November 15, 2016 and is uptrending. It has underperformed by 2.98% the S&P500.

Rmb Capital Management Llc decreased its stake in Iberiabank Corp (IBKC) by 78.8% based on its latest 2017Q2 regulatory filing with the SEC. Rmb Capital Management Llc sold 111,655 shares as the company’s stock declined 7.92% while stock markets rallied. The hedge fund held 30,045 shares of the major banks company at the end of 2017Q2, valued at $2.45 million, down from 141,700 at the end of the previous reported quarter. Rmb Capital Management Llc who had been investing in Iberiabank Corp for a number of months, seems to be less bullish one the $3.87 billion market cap company. The stock declined 0.07% or $0.05 reaching $71.75 per share. About 16,328 shares traded. IBERIABANK Corp (NASDAQ:IBKC) has risen 31.12% since November 15, 2016 and is uptrending. It has outperformed by 14.42% the S&P500.

More notable recent IBERIABANK Corp (NASDAQ:IBKC) news were published by: Theadvocate.com which released: “IberiaBank posts quarterly profit of $26 million” on October 19, 2017, also Bizjournals.com with their article: “Why Iberiabank chose the Triad as its first North Carolina market” published on October 19, 2017, Bizjournals.com published: “IberiaBank Corp. could consolidate all Miami offices of Gibraltar Private Bank …” on October 30, 2017. More interesting news about IBERIABANK Corp (NASDAQ:IBKC) were released by: Bizjournals.com and their article: “Exclusive: IberiaBank Corp. CEO Daryl Byrd talks about Sabadell United acquisition” published on October 24, 2017 as well as Bizjournals.com‘s news article titled: “Exclusive: IberiaBank Corp. CEO Daryl Byrd on Gibraltar Private acquisition” with publication date: October 24, 2017.

Rmb Capital Management Llc, which manages about $3.98 billion and $3.49 billion US Long portfolio, upped its stake in Ishares Tr (Put) (EEM) by 64,000 shares to 448,000 shares, valued at $18.54 million in 2017Q2, according to the filing. It also increased its holding in Amerco (NASDAQ:UHAL) by 2,792 shares in the quarter, for a total of 9,870 shares, and has risen its stake in Ishares Tr (HYG).

Investors sentiment decreased to 1.22 in Q2 2017. Its down 0.04, from 1.26 in 2017Q1. It is negative, as 26 investors sold IBKC shares while 70 reduced holdings. 39 funds opened positions while 78 raised stakes. 41.80 million shares or 0.69% more from 41.51 million shares in 2017Q1 were reported. Ohio-based Johnson Inv Counsel Incorporated has invested 1.09% in IBERIABANK Corp (NASDAQ:IBKC). Citigroup has 0% invested in IBERIABANK Corp (NASDAQ:IBKC). Walleye Trading Lc, a Minnesota-based fund reported 10,663 shares. Carroll Assoc holds 0% or 230 shares. 30,819 were accumulated by Martingale Asset L P. Whittier Tru Of Nevada stated it has 0% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Nuveen Asset Ltd Co has invested 0.15% in IBERIABANK Corp (NASDAQ:IBKC). Cobblestone Cap Advisors Ltd Co New York stated it has 0.06% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Texas-based Hbk Invests Limited Partnership has invested 0.01% in IBERIABANK Corp (NASDAQ:IBKC). Quantbot Techs Limited Partnership stated it has 6,207 shares or 0.05% of all its holdings. Sei Invests, a Pennsylvania-based fund reported 79,911 shares. Credit Suisse Ag reported 40,850 shares or 0% of all its holdings. Hennessy stated it has 110,000 shares or 0.28% of all its holdings. Goldman Sachs Gp Incorporated holds 179,709 shares or 0% of its portfolio. Greylin Mangement Inc invested 0.17% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC).

Analysts await IBERIABANK Corp (NASDAQ:IBKC) to report earnings on January, 25. They expect $1.27 earnings per share, up 9.48% or $0.11 from last year’s $1.16 per share. IBKC’s profit will be $68.50M for 14.12 P/E if the $1.27 EPS becomes a reality. After $1.00 actual earnings per share reported by IBERIABANK Corp for the previous quarter, Wall Street now forecasts 27.00% EPS growth.

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. IberiaBank had 40 analyst reports since August 25, 2015 according to SRatingsIntel. JMP Securities upgraded IBERIABANK Corp (NASDAQ:IBKC) on Friday, March 10 to “Market Outperform” rating. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Hold” rating given on Monday, October 23 by Robert W. Baird. The company was upgraded on Monday, October 9 by Jefferies. The stock of IBERIABANK Corp (NASDAQ:IBKC) earned “Market Perform” rating by FIG Partners on Tuesday, December 6. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Overweight” rating given on Thursday, October 5 by PiperJaffray. SunTrust maintained IBERIABANK Corp (NASDAQ:IBKC) rating on Tuesday, October 24. SunTrust has “Hold” rating and $80.0 target. The company was upgraded on Tuesday, January 19 by Hovde Group. The company was upgraded on Friday, May 19 by Raymond James. The rating was maintained by Jefferies with “Hold” on Friday, June 9. The company was maintained on Friday, July 21 by Stephens.

Steinberg Asset Management Llc, which manages about $2.04 billion and $272.99M US Long portfolio, upped its stake in Xpo Logistics Inc (NYSE:XPO) by 9,109 shares to 70,364 shares, valued at $4.55M in 2017Q2, according to the filing. It also increased its holding in Liberty Global Plc (NASDAQ:LBTYK) by 52,630 shares in the quarter, for a total of 235,606 shares, and has risen its stake in Navigator Holdings Ltd (NYSE:NVGS).

More notable recent Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) news were published by: Nasdaq.com which released: “Zacks Industry Outlook Highlights: Par Pacific, HollyFrontier, Diamondback …” on November 08, 2017, also Bizjournals.com with their article: “Owner of Hawaii refinery reports net income of $18.8M for Q3” published on November 07, 2017, Nasdaq.com published: “Howard Marks Buys Altaba Inc, Vale SA, Crown Castle International Corp, Sells …” on November 15, 2017. More interesting news about Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) were released by: Prnewswire.com and their article: “Par Pacific Holdings to Participate in Seaport Global’s 6th Annual Energy Day” published on October 24, 2017 as well as Prnewswire.com‘s news article titled: “Par Pacific Holdings Reports Third Quarter 2017 Results” with publication date: November 06, 2017.

Analysts await Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) to report earnings on February, 27. They expect $0.30 EPS, up 30.43% or $0.07 from last year’s $0.23 per share. PARR’s profit will be $13.90 million for 15.63 P/E if the $0.30 EPS becomes a reality. After $0.55 actual EPS reported by Par Pacific Holdings, Inc. for the previous quarter, Wall Street now forecasts -45.45% negative EPS growth.

Among 6 analysts covering Par Pacific (NYSEMKT:PARR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Par Pacific had 7 analyst reports since November 23, 2015 according to SRatingsIntel. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, May 18. Miller Tabak downgraded it to “Hold” rating and $29.10 target in Monday, November 23 report. On Friday, June 10 the stock rating was initiated by Cowen & Co with “Market Perform”. The rating was initiated by Imperial Capital on Thursday, January 28 with “Outperform”. The firm has “Buy” rating by Sterne Agee CRT given on Friday, May 20. Seaport Global Securities initiated the stock with “Buy” rating in Thursday, September 8 report. The rating was initiated by Mizuho with “Buy” on Thursday, October 6.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Twitter Auto Publish Powered By : XYZScripts.com