Investment House Lifted International Business Machs (IBM) Position By $1.49 Million; Midsouth Bancorp Has 2.18 Sentiment

February 15, 2018 - By Adrian Erickson

MidSouth Bancorp, Inc., a financial holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking services and products to commercial and retail clients in the United States. The company has market cap of $209.34 million. The firm offers various deposit products, including interest-bearing money market and savings deposits accounts, interest-bearing and noninterest-bearing checking accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate. It currently has negative earnings. It also provides cash management services; and electronic banking services comprising remote deposit capturing services, Internet banking, and debit and credit cards.

Investment House Llc increased International Business Machs (IBM) stake by 36.17% reported in 2017Q3 SEC filing. Investment House Llc acquired 10,295 shares as International Business Machs (IBM)’s stock declined 15.88%. The Investment House Llc holds 38,760 shares with $5.62M value, up from 28,465 last quarter. International Business Machs now has $143.28B valuation. The stock increased 2.66% or $4.01 during the last trading session, reaching $154.76. About 5.48M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 15, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Investment House Llc decreased Cvs Health Corp (NYSE:CVS) stake by 9,325 shares to 42,540 valued at $3.46 million in 2017Q3. It also reduced First Tr Exchange Traded Fd (EMLP) stake by 22,960 shares and now owns 18,665 shares. Plains All Amern Pipeline L (NYSE:PAA) was reduced too.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Outperform” rating given on Tuesday, July 19 by JMP Securities. The firm earned “Hold” rating on Sunday, November 26 by BMO Capital Markets. The stock has “Neutral” rating by Citigroup on Tuesday, October 18. The company was maintained on Tuesday, April 19 by Cantor Fitzgerald. The firm earned “Buy” rating on Friday, October 9 by Drexel Hamilton. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Thursday, January 12 by Stifel Nicolaus. The firm earned “Hold” rating on Wednesday, July 19 by KeyBanc Capital Markets. The firm earned “Underweight” rating on Tuesday, July 19 by Barclays Capital. The firm earned “Neutral” rating on Wednesday, January 4 by Guggenheim. RBC Capital Markets maintained the shares of IBM in report on Monday, November 13 with “Hold” rating.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Mercer Capital Advisers holds 8,481 shares. Eads & Heald Counsel accumulated 1.11% or 12,363 shares. Ibm Retirement Fund has invested 0.62% of its portfolio in International Business Machines Corporation (NYSE:IBM). 3,293 are held by Peak Asset Management Ltd Liability Corporation. Numeric Investors holds 13,400 shares or 0.01% of its portfolio. Norinchukin Natl Bank The has invested 0.48% in International Business Machines Corporation (NYSE:IBM). Letko Brosseau reported 1.28% in International Business Machines Corporation (NYSE:IBM). Pax Llc has 0.06% invested in International Business Machines Corporation (NYSE:IBM) for 7,542 shares. Pnc Fin Svcs Group holds 2.30M shares. Hgk Asset holds 1.88% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 91,208 shares. Fdx Advsrs accumulated 14,219 shares or 0.06% of the stock. Armstrong Henry H Associate reported 8,630 shares or 0.23% of all its holdings. Utah Retirement owns 157,661 shares. Aureus Asset Mngmt Ltd owns 0.09% invested in International Business Machines Corporation (NYSE:IBM) for 3,912 shares. Pillar Pacific Capital Management Limited Company has 38,167 shares.

Since January 31, 2018, it had 1 insider purchase, and 0 sales for $99,659 activity. The insider WADDELL FREDERICK H bought 610 shares worth $99,659.

It closed at $12.65 lastly. It is down 37.43% since February 15, 2017 and is uptrending. It has outperformed by 20.73% the S&P500.

Jacobs Asset Management Llc holds 2.13% of its portfolio in MidSouth Bancorp, Inc. for 927,469 shares. Fj Capital Management Llc owns 816,000 shares or 1.19% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 0.8% invested in the company for 233,513 shares. The New York-based Salzhauer Michael has invested 0.74% in the stock. Mendon Capital Advisors Corp, a New York-based fund reported 669,839 shares.

Since January 1, 0001, it had 1 insider purchase, and 8 sales for $659,847 activity.

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