Fort LP Has Trimmed Its Chemed New (CHE) Holding; Sterling Bancorp (STL) Sentiment Is 1.64

December 7, 2017 - By Michael Collier

Fort Lp decreased Chemed Corp New (CHE) stake by 35.57% reported in 2017Q2 SEC filing. Fort Lp sold 6,912 shares as Chemed Corp New (CHE)’s stock rose 13.71%. The Fort Lp holds 12,520 shares with $2.56 million value, down from 19,432 last quarter. Chemed Corp New now has $3.80B valuation. The stock decreased 0.38% or $0.91 during the last trading session, reaching $237.92. About 115,467 shares traded or 21.16% up from the average. Chemed Corporation (NYSE:CHE) has risen 54.48% since December 7, 2016 and is uptrending. It has outperformed by 37.78% the S&P500.

Sterling Bancorp operates as the bank holding firm for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company has market cap of $5.73 billion. The firm accepts deposit products, including checking, money market, savings, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds. It has a 21.27 P/E ratio. It originates various loans that comprise residential and commercial mortgage loans; commercial and industrial, asset-based, payroll finance, warehouse, factored receivables, equipment finance, public sector, and commercial real estate and multi-family loans; consumer loans, such as homeowner loans, home equity lines of credit, new and used automobile loans, and personal unsecured loans; and acquisition, development, and construction loans.

Patriot Financial Partners Gp Lp holds 11.37% of its portfolio in Sterling Bancorp for 1.05 million shares. Castine Capital Management Llc owns 485,541 shares or 5.08% of their US portfolio. Moreover, Hillcrest Asset Management Llc has 2.55% invested in the company for 594,154 shares. The New York-based Hudson Valley Investment Advisors Inc Adv has invested 2.46% in the stock. Monarch Partners Asset Management Llc, a Massachusetts-based fund reported 866,342 shares.

The stock decreased 0.58% or $0.15 during the last trading session, reaching $25.5. About 1.88 million shares traded. Sterling Bancorp (STL) has risen 38.62% since December 7, 2016 and is uptrending. It has outperformed by 21.92% the S&P500.

Analysts await Sterling Bancorp (NYSE:STL) to report earnings on January, 23. They expect $0.43 earnings per share, up 43.33% or $0.13 from last year’s $0.3 per share. STL’s profit will be $96.62M for 14.83 P/E if the $0.43 EPS becomes a reality. After $0.35 actual earnings per share reported by Sterling Bancorp for the previous quarter, Wall Street now forecasts 22.86% EPS growth.

Investors sentiment increased to 1.18 in Q2 2017. Its up 0.15, from 1.03 in 2017Q1. It improved, as 10 investors sold CHE shares while 87 reduced holdings. 35 funds opened positions while 79 raised stakes. 15.27 million shares or 1.39% less from 15.49 million shares in 2017Q1 were reported. 20,538 are held by Century Companies. California-based Gemmer Asset Limited has invested 0% in Chemed Corporation (NYSE:CHE). Cubist Systematic Strategies Ltd Llc invested 0.02% in Chemed Corporation (NYSE:CHE). Minnesota-based Ameriprise Financial has invested 0.01% in Chemed Corporation (NYSE:CHE). Parametric Portfolio Assocs Lc invested in 0.02% or 70,537 shares. Bahl And Gaynor owns 6,186 shares or 0.01% of their US portfolio. 1,900 were accumulated by Strs Ohio. Moreover, American has 0.01% invested in Chemed Corporation (NYSE:CHE) for 11,827 shares. Clark Cap Mgmt Group Incorporated stated it has 0.06% in Chemed Corporation (NYSE:CHE). Moreover, Alphamark Advsrs Limited Liability has 0% invested in Chemed Corporation (NYSE:CHE). Nordea Inv Mngmt reported 0% of its portfolio in Chemed Corporation (NYSE:CHE). Texas Yale Corp invested 0.17% of its portfolio in Chemed Corporation (NYSE:CHE). Barclays Plc holds 0% in Chemed Corporation (NYSE:CHE) or 2,936 shares. 2,690 are held by Ronald Blue Ltd Liability Corp. Winfield Assocs reported 0% in Chemed Corporation (NYSE:CHE).

Among 3 analysts covering Chemed (NYSE:CHE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Chemed had 16 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Sunday, July 30 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, October 26 report. The firm has “Hold” rating given on Tuesday, May 30 by RBC Capital Markets. Oppenheimer maintained it with “Outperform” rating and $225 target in Friday, October 27 report. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, September 22. The stock of Chemed Corporation (NYSE:CHE) has “Sector Perform” rating given on Tuesday, November 1 by RBC Capital Markets. On Monday, July 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Wednesday, July 5 by RBC Capital Markets. The stock of Chemed Corporation (NYSE:CHE) earned “Sector Perform” rating by RBC Capital Markets on Monday, May 2. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, October 26.

Analysts await Chemed Corporation (NYSE:CHE) to report earnings on February, 21. They expect $2.12 earnings per share, up 4.95% or $0.10 from last year’s $2.02 per share. CHE’s profit will be $33.85M for 28.06 P/E if the $2.12 EPS becomes a reality. After $2.13 actual earnings per share reported by Chemed Corporation for the previous quarter, Wall Street now forecasts -0.47% negative EPS growth.

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