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Oppenheimer & Company Decreased Stake in Universal Display (OLED) by $400,640 as Stock Price Rose; Evans Bancorp (EVBN) Stock Value Rose While Castine Capital Management Has Decreased Holding

Oppenheimer & Company Inc decreased its stake in Universal Display Corp (OLED) by 6.16% based on its latest 2017Q3 regulatory filing with the SEC. Oppenheimer & Company Inc sold 3,130 shares as the company’s stock rose 58.84% with the market. The institutional investor held 47,643 shares of the electrical products company at the end of 2017Q3, valued at $6.14M, down from 50,773 at the end of the previous reported quarter. Oppenheimer & Company Inc who had been investing in Universal Display Corp for a number of months, seems to be less bullish one the $9.25 billion market cap company. The stock decreased 0.61% or $1.2 during the last trading session, reaching $196.6. About 919,472 shares traded or 2.09% up from the average. Universal Display Corporation (NASDAQ:OLED) has risen 114.77% since January 14, 2017 and is uptrending. It has outperformed by 98.07% the S&P500.

Castine Capital Management Llc decreased its stake in Evans Bancorp Inc (EVBN) by 10.58% based on its latest 2017Q3 regulatory filing with the SEC. Castine Capital Management Llc sold 12,598 shares as the company’s stock rose 0.50% with the market. The institutional investor held 106,425 shares of the finance company at the end of 2017Q3, valued at $4.60M, down from 119,023 at the end of the previous reported quarter. Castine Capital Management Llc who had been investing in Evans Bancorp Inc for a number of months, seems to be less bullish one the $204.07M market cap company. The stock increased 0.47% or $0.2 during the last trading session, reaching $42.7. About 11,120 shares traded or 31.22% up from the average. Evans Bancorp, Inc. (NYSEMKT:EVBN) has risen 66.46% since January 14, 2017 and is uptrending. It has outperformed by 49.76% the S&P500.

Investors sentiment decreased to 2 in Q3 2017. Its down 0.46, from 2.46 in 2017Q2. It fall, as 6 investors sold EVBN shares while 8 reduced holdings. 10 funds opened positions while 18 raised stakes. 2.59 million shares or 0.12% more from 2.58 million shares in 2017Q2 were reported. Federated Invsts Pa accumulated 76 shares or 0% of the stock. Hbk Sorce Advisory Limited Liability Corp has invested 0.11% in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). 4,823 were accumulated by Weatherly Asset Limited Partnership. Nationwide Fund has invested 0% in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). Rhumbline Advisers, Massachusetts-based fund reported 4,800 shares. 55,189 are held by State Street. Ameritas Partners has invested 0% in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). California Employees Retirement System has invested 0% of its portfolio in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). Schwab Charles Investment Mgmt Incorporated reported 0% stake. Deutsche Bancshares Ag invested 0% of its portfolio in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). New York State Common Retirement Fund stated it has 5,000 shares. 106,425 were accumulated by Castine Capital Mngmt Lc. Penn Cap Inc invested in 68,206 shares. Bessemer Group owns 1,900 shares. Amer Interest Group stated it has 3,097 shares.

Castine Capital Management Llc, which manages about $395.38 million and $270.95 million US Long portfolio, upped its stake in Farmers Cap Bk Corp (NASDAQ:FFKT) by 12,262 shares to 138,029 shares, valued at $5.80 million in 2017Q3, according to the filing. It also increased its holding in First Bancshares Inc Ms (NASDAQ:FBMS) by 23,764 shares in the quarter, for a total of 322,714 shares, and has risen its stake in Qcr Holdings Inc (NASDAQ:QCRH).

Oppenheimer & Company Inc, which manages about $8.66 billion and $3.74 billion US Long portfolio, upped its stake in Amerisourcebergen Corp (NYSE:ABC) by 4,975 shares to 25,029 shares, valued at $2.07 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (TLT) by 3,081 shares in the quarter, for a total of 13,735 shares, and has risen its stake in Vaneck Vectors Etf Tr.

Analysts await Universal Display Corporation (NASDAQ:OLED) to report earnings on February, 22. They expect $0.82 EPS, up 49.09% or $0.27 from last year’s $0.55 per share. OLED’s profit will be $38.57M for 59.94 P/E if the $0.82 EPS becomes a reality. After $0.28 actual EPS reported by Universal Display Corporation for the previous quarter, Wall Street now forecasts 192.86% EPS growth.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.07, from 1.2 in 2017Q2. It is positive, as 31 investors sold OLED shares while 84 reduced holdings. 67 funds opened positions while 79 raised stakes. 29.47 million shares or 1.93% more from 28.92 million shares in 2017Q2 were reported. Assetmark invested 0% in Universal Display Corporation (NASDAQ:OLED). Pier Capital Limited Liability Corp, Connecticut-based fund reported 23,362 shares. Raymond James Financial Serv, Florida-based fund reported 25,846 shares. Financial Architects accumulated 0.02% or 100 shares. Cetera Advsr Limited Liability Corp owns 1,771 shares. Jane Street Grp Limited Liability Company owns 22,468 shares. The California-based Aperio Llc has invested 0.01% in Universal Display Corporation (NASDAQ:OLED). Moreover, Northwest Investment Counselors Ltd Limited Liability Company has 0.03% invested in Universal Display Corporation (NASDAQ:OLED) for 500 shares. Moreover, Lpl Limited Company has 0.01% invested in Universal Display Corporation (NASDAQ:OLED) for 17,804 shares. Primecap Management Comm Ca reported 789,450 shares. 8,359 were accumulated by Usa Fin Portformulas. Sei Investments holds 88,859 shares. Washington Trust has invested 0.65% in Universal Display Corporation (NASDAQ:OLED). 9,000 are held by Brown Advisory Secs Llc. Systematic Mgmt LP reported 0.43% stake.

Among 11 analysts covering Universal Display (NASDAQ:OLED), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Universal Display had 26 analyst reports since August 11, 2015 according to SRatingsIntel. As per Friday, May 6, the company rating was downgraded by Gabelli. The firm has “Buy” rating by Susquehanna given on Friday, January 5. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Hold” rating by Summit Redstone Partners on Monday, July 31. The firm has “Hold” rating given on Friday, November 3 by Gabelli. The stock has “Hold” rating by Zacks on Tuesday, August 11. The firm earned “Buy” rating on Thursday, September 7 by Cowen & Co. On Wednesday, October 11 the stock rating was maintained by Cowen & Co with “Buy”. Oppenheimer maintained Universal Display Corporation (NASDAQ:OLED) on Friday, August 4 with “Hold” rating. The rating was maintained by Canaccord Genuity with “Hold” on Friday, November 4. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, October 16.

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