Farmers & Merchants Investments Boosted Enbridge (ENB) Position By $341,952; Shorts at Bear State Financial (BSF) Lowered By 9.53%

December 12, 2017 - By Linda Rogers

Farmers & Merchants Investments Inc increased Enbridge Inc (ENB) stake by 2.94% reported in 2017Q2 SEC filing. Farmers & Merchants Investments Inc acquired 8,768 shares as Enbridge Inc (ENB)’s stock declined 5.78%. The Farmers & Merchants Investments Inc holds 307,457 shares with $12.24M value, up from 298,689 last quarter. Enbridge Inc now has $64.56B valuation. The stock increased 0.55% or $0.21 during the last trading session, reaching $38.55. About 2.36 million shares traded. Enbridge Inc. (NYSE:ENB) has declined 0.40% since December 12, 2016 and is downtrending. It has underperformed by 17.10% the S&P500.

Bear State Financial Incorporated (NASDAQ:BSF) had a decrease of 9.53% in short interest. BSF’s SI was 148,100 shares in December as released by FINRA. Its down 9.53% from 163,700 shares previously. With 27,400 avg volume, 5 days are for Bear State Financial Incorporated (NASDAQ:BSF)’s short sellers to cover BSF’s short positions. The SI to Bear State Financial Incorporated’s float is 0.75%. It closed at $10.23 lastly. It is down 2.13% since December 12, 2016 and is downtrending. It has underperformed by 18.83% the S&P500.

Bear State Financial, Inc. operates as the bank holding firm for Bear State Bank, N.A. that provides various financial products to individuals and business customers. The company has market cap of $385.98 million. The firm offers a range of retail and business deposit accounts, including noninterest and interest bearing checking, savings and money market, and individual retirement accounts, as well as certificates of deposit. It has a 17.95 P/E ratio. It also provides loans comprising one-to four-family residential real estate, multifamily residential real estate, nonfarm nonresidential, farmland, construction and land development, and commercial real estate and commercial business loans; and consumer loans, such as automobile, deposit account secured, and unsecured loans, as well as lines of credit.

Farmers & Merchants Investments Inc decreased Chevron Corp (NYSE:CVX) stake by 4,688 shares to 74,286 valued at $7.75M in 2017Q2. It also reduced Mcdonald’s Corp (NYSE:MCD) stake by 4,177 shares and now owns 71,800 shares. Abbvie Inc (NYSE:ABBV) was reduced too.

Among 15 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Enbridge Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. Canaccord Genuity initiated Enbridge Inc. (NYSE:ENB) on Monday, March 7 with “Buy” rating. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 23. Credit Suisse maintained the shares of ENB in report on Tuesday, March 14 with “Outperform” rating. The firm earned “Market Perform” rating on Monday, May 15 by Wolfe Research. The stock of Enbridge Inc. (NYSE:ENB) earned “Neutral” rating by Goldman Sachs on Wednesday, July 20. The stock has “Neutral” rating by Credit Suisse on Thursday, February 4. The rating was downgraded by National Bank Canada to “Sector Perform” on Monday, July 18. The firm has “Neutral” rating by Credit Suisse given on Tuesday, March 8. On Wednesday, January 18 the stock rating was reinitiated by Citigroup with “Neutral”. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, July 14.

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