Trending Stock News

Arete Wealth Advisors Upped Its Barrick Gold (ABX) Position by $2.06 Million; Market Value Declined; Independent Bank Mich (IBCP) Position Upped by Basswood Capital Management Llc

Independent Bank Corporation (NASDAQ:IBCP) Logo

Matthew Lindenbaum increased its stake in Independent Bank Corp Mich (IBCP) by 42.08% based on its latest 2017Q4 regulatory filing with the SEC. Basswood Capital Management Llc bought 135,754 shares as the company’s stock declined 0.22% with the market. The hedge fund run by Matthew Lindenbaum held 458,325 shares of the major banks company at the end of 2017Q4, valued at $10.24M, up from 322,571 at the end of the previous reported quarter. Basswood Capital Management Llc who had been investing in Independent Bank Corp Mich for a number of months, seems to be bullish on the $602.67M market cap company. The stock increased 0.60% or $0.15 during the last trading session, reaching $25. About 40,598 shares traded. Independent Bank Corporation (NASDAQ:IBCP) has risen 15.08% since May 18, 2017 and is uptrending. It has outperformed by 3.53% the S&P500.

Arete Wealth Advisors Llc increased its stake in Barrick Gold Corp (ABX) by 148.77% based on its latest 2017Q4 regulatory filing with the SEC. Arete Wealth Advisors Llc bought 146,980 shares as the company’s stock declined 13.20% with the market. The institutional investor held 245,779 shares of the precious metals company at the end of 2017Q4, valued at $3.55 million, up from 98,799 at the end of the previous reported quarter. Arete Wealth Advisors Llc who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $15.17B market cap company. The stock decreased 0.72% or $0.095 during the last trading session, reaching $13.095. About 2.91 million shares traded. Barrick Gold Corporation (NYSE:ABX) has declined 35.92% since May 18, 2017 and is downtrending. It has underperformed by 47.47% the S&P500.

Investors sentiment increased to 1.42 in 2017 Q4. Its up 0.05, from 1.37 in 2017Q3. It improved, as 9 investors sold IBCP shares while 36 reduced holdings. 21 funds opened positions while 43 raised stakes. 16.84 million shares or 0.76% less from 16.96 million shares in 2017Q3 were reported. Bailard accumulated 30,500 shares. Schwab Charles Inv Mgmt Inc, a California-based fund reported 40,935 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment reported 30,300 shares or 0.01% of all its holdings. Citadel Llc reported 44,117 shares. Pl Cap Advsr Limited Liability Co has invested 6.22% in Independent Bank Corporation (NASDAQ:IBCP). The New York-based Metropolitan Life Insurance Company Ny has invested 0% in Independent Bank Corporation (NASDAQ:IBCP). Tower Capital Ltd Liability Company (Trc) owns 987 shares for 0% of their portfolio. Manufacturers Life Insur The has 0.01% invested in Independent Bank Corporation (NASDAQ:IBCP). Qs Limited stated it has 0% in Independent Bank Corporation (NASDAQ:IBCP). Parametric Associates Limited Com owns 59,772 shares. Adams Diversified Equity Fund holds 0.04% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP) for 36,600 shares. Mufg Americas Hldgs has 130 shares. Vanguard Group reported 953,371 shares. Wells Fargo And Company Mn invested in 0% or 173,353 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,001 shares or 0% of the stock.

Since April 27, 2018, it had 0 insider buys, and 3 selling transactions for $124,591 activity. $44,788 worth of stock was sold by REGLIN DAVID C on Wednesday, May 9. 1,447 shares valued at $35,596 were sold by SHUSTER ROBERT N on Friday, April 27.

Another recent and important Independent Bank Corporation (NASDAQ:IBCP) news was published by Globenewswire.com which published an article titled: “Independent Bank Corporation Reports 2018 First Quarter Results” on April 23, 2018.

Basswood Capital Management Llc, which manages about $2.47B and $2.16 billion US Long portfolio, decreased its stake in Regions Finl Corp New (NYSE:RF) by 458,736 shares to 2.55M shares, valued at $44.14 million in 2017Q4, according to the filing. It also reduced its holding in Orrstown Finl Svcs Inc (NASDAQ:ORRF) by 137,791 shares in the quarter, leaving it with 526,900 shares, and cut its stake in Citigroup Inc (NYSE:C).

Among 8 analysts covering Independent Bank Corporation (NASDAQ:IBCP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Independent Bank Corporation had 15 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by FIG Partners on Tuesday, August 11. The firm earned “Hold” rating on Tuesday, October 3 by Keefe Bruyette & Woods. The rating was upgraded by TheStreet on Thursday, August 20 to “Hold”. Boenning & Scattergood initiated Independent Bank Corporation (NASDAQ:IBCP) on Wednesday, May 4 with “Neutral” rating. The rating was maintained by Keefe Bruyette & Woods on Wednesday, December 6 with “Hold”. The stock has “Hold” rating by Hovde Group on Tuesday, April 24. The firm earned “Outperform” rating on Tuesday, August 11 by Fig Partners. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Compass Point upgraded the shares of IBCP in report on Monday, December 18 to “Buy” rating. As per Friday, September 23, the company rating was initiated by Hovde Group.

Arete Wealth Advisors Llc, which manages about $501.94 million and $307.10 million US Long portfolio, decreased its stake in Edgewell Pers Care Co by 10,581 shares to 4,684 shares, valued at $278,000 in 2017Q4, according to the filing. It also reduced its holding in Amazon Com Inc (NASDAQ:AMZN) by 1,741 shares in the quarter, leaving it with 1,151 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 1 Sell and 15 Hold. Therefore 33% are positive. Barrick Gold Corp. had 90 analyst reports since August 6, 2015 according to SRatingsIntel. On Monday, December 18 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Buy” rating by Citigroup on Tuesday, August 2. TD Securities maintained Barrick Gold Corporation (NYSE:ABX) on Friday, June 23 with “Hold” rating. The firm has “Hold” rating given on Thursday, October 26 by Credit Suisse. Argus Research upgraded it to “Buy” rating and $18 target in Tuesday, March 15 report. Barclays Capital downgraded the shares of ABX in report on Friday, August 7 to “Equal Weight” rating. The firm has “Outperform” rating by RBC Capital Markets given on Monday, March 12. The company was upgraded on Friday, July 31 by Canaccord Genuity. The firm has “Hold” rating given on Sunday, December 3 by RBC Capital Markets. As per Wednesday, March 23, the company rating was downgraded by Deutsche Bank.

More recent Barrick Gold Corporation (NYSE:ABX) news were published by: Investingnews.com which released: “Glencore, Barrick Hopeful Nickel Not Nixed in Tanzania” on May 15, 2018. Also Seekingalpha.com published the news titled: “Barrick Gold Is An Emerging Cash Cow” on May 09, 2018. Seekingalpha.com‘s news article titled: “Gold drops to lowest settlement of the year” with publication date: May 15, 2018 was also an interesting one.

Independent Bank Corporation (NASDAQ:IBCP) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *