Fj Capital Management Position in Park Sterling (PSTB) Decreased by $869,000 as Stock Declined; First Financial Boosted Its Abbvie (ABBV) Stake by $678,960 as Market Value Rose

December 8, 2017 - By Nellie Frank

First Financial Corp increased its stake in Abbvie Inc (ABBV) by 66.9% based on its latest 2017Q2 regulatory filing with the SEC. First Financial Corp bought 9,430 shares as the company’s stock rose 6.17% with the market. The institutional investor held 23,526 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $1.71M, up from 14,096 at the end of the previous reported quarter. First Financial Corp who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $150.45 billion market cap company. The stock decreased 0.17% or $0.16 during the last trading session, reaching $94.24. About 4.52 million shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since December 8, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

Fj Capital Management Llc decreased its stake in Park Sterling Corp (PSTB) by 23.19% based on its latest 2017Q2 regulatory filing with the SEC. Fj Capital Management Llc sold 79,000 shares as the company’s stock declined 4.16% while stock markets rallied. The hedge fund held 261,600 shares of the major banks company at the end of 2017Q2, valued at $3.11M, down from 340,600 at the end of the previous reported quarter. Fj Capital Management Llc who had been investing in Park Sterling Corp for a number of months, seems to be less bullish one the $682.11 million market cap company. The stock decreased 1.08% or $0.14 during the last trading session, reaching $12.87. About 631,772 shares traded or 258.26% up from the average. Park Sterling Corporation (NASDAQ:PSTB) has risen 58.90% since December 8, 2016 and is uptrending. It has outperformed by 42.20% the S&P500.

Fj Capital Management Llc, which manages about $217.40M and $791.86M US Long portfolio, upped its stake in Banner Corp (NASDAQ:BANR) by 27,900 shares to 93,900 shares, valued at $5.30M in 2017Q2, according to the filing. It also increased its holding in Equity Bancshares Inc by 41,800 shares in the quarter, for a total of 555,800 shares, and has risen its stake in Coastway Bancorp Inc (NASDAQ:CWAY).

Investors sentiment increased to 1.22 in Q2 2017. Its up 0.34, from 0.88 in 2017Q1. It increased, as 16 investors sold PSTB shares while 34 reduced holdings. 25 funds opened positions while 36 raised stakes. 43.13 million shares or 1.13% less from 43.62 million shares in 2017Q1 were reported. Wellington Mgmt Group Limited Liability Partnership reported 110,297 shares. Dimensional Fund Ltd Partnership reported 3.09M shares stake. Royal Commercial Bank Of Canada reported 5,493 shares or 0% of all its holdings. Credit Suisse Ag reported 0% of its portfolio in Park Sterling Corporation (NASDAQ:PSTB). Bluecrest Limited invested in 0.01% or 11,943 shares. Magnetar Fincl Limited Liability Com reported 401,353 shares. Captrust Financial Advsrs stated it has 0.01% in Park Sterling Corporation (NASDAQ:PSTB). Deprince Race & Zollo Inc holds 823,153 shares or 0.2% of its portfolio. California Public Employees Retirement Systems holds 166,570 shares or 0% of its portfolio. State Street, Massachusetts-based fund reported 977,850 shares. Cetera Advisor Limited invested 0.01% in Park Sterling Corporation (NASDAQ:PSTB). Carroll Assocs Inc, a North Carolina-based fund reported 636,464 shares. Td Asset accumulated 0% or 61,828 shares. Banc Funds stated it has 2.60 million shares. Advisory Rech holds 0.2% or 1.11 million shares in its portfolio.

Among 8 analysts covering Park Sterling (NASDAQ:PSTB), 0 have Buy rating, 0 Sell and 8 Hold. Therefore 0 are positive. Park Sterling has $13.5000 highest and $7.50 lowest target. $11.50’s average target is -10.64% below currents $12.87 stock price. Park Sterling had 19 analyst reports since December 2, 2015 according to SRatingsIntel. As per Tuesday, August 8, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating given on Monday, October 30 by Brean Capital. The company was downgraded on Thursday, October 6 by Raymond James. Sandler O’Neill downgraded the stock to “Hold” rating in Friday, November 4 report. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Tuesday, November 29. The stock has “Outperform” rating by Hovde Group on Wednesday, January 13. The stock has “Outperform” rating by Hovde Group on Monday, May 2. Brean Capital maintained the stock with “Hold” rating in Friday, July 28 report. The company was maintained on Tuesday, May 30 by Keefe Bruyette & Woods.

Analysts await Park Sterling Corporation (NASDAQ:PSTB) to report earnings on January, 25. They expect $0.16 EPS, up 14.29% or $0.02 from last year’s $0.14 per share. PSTB’s profit will be $8.48 million for 20.11 P/E if the $0.16 EPS becomes a reality. After $0.17 actual EPS reported by Park Sterling Corporation for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

More notable recent Park Sterling Corporation (NASDAQ:PSTB) news were published by: Bizjournals.com which released: “Acquisition of Charlotte’s Park Sterling Bank gets feds’ approval” on November 15, 2017, also Streetinsider.com with their article: “Form 4 Park Sterling Corp For: Nov 30 Filed by: Foster Nancy L.” published on December 04, 2017, Bizjournals.com published: “UPDATED: Charlotte’s Park Sterling Bank to merge with South State Bank” on April 27, 2017. More interesting news about Park Sterling Corporation (NASDAQ:PSTB) were released by: Charlotteobserver.com and their article: “Capital Bank, Park Sterling report 4Q profits affected by merger deals” published on January 26, 2017 as well as Businesswire.com‘s news article titled: “South State Corporation and Park Sterling Corporation Complete Merger” with publication date: December 01, 2017.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 69 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained the stock with “Buy” rating in Sunday, October 29 report. The firm has “Outperform” rating by Leerink Swann given on Monday, October 30. Piper Jaffray maintained AbbVie Inc. (NYSE:ABBV) rating on Friday, September 15. Piper Jaffray has “Buy” rating and $100.0 target. The stock of AbbVie Inc. (NYSE:ABBV) has “Buy” rating given on Monday, March 7 by Goldman Sachs. The rating was maintained by Piper Jaffray on Thursday, September 28 with “Buy”. The rating was downgraded by Credit Suisse on Monday, October 31 to “Neutral”. The rating was upgraded by Cowen & Co on Wednesday, October 11 to “Outperform”. On Thursday, September 28 the stock rating was upgraded by Deutsche Bank to “Hold”. The firm has “Hold” rating given on Friday, July 28 by Cowen & Co. The stock of AbbVie Inc. (NYSE:ABBV) has “Buy” rating given on Monday, October 16 by SunTrust.

More notable recent AbbVie Inc. (NYSE:ABBV) news were published by: Nasdaq.com which released: “AbbVie/J&J’s Imbruvica Succeeds in Combo Study with Rituxan” on December 06, 2017, also Seekingalpha.com with their article: “AbbVie Raises Dividend 11%… What Now?” published on December 04, 2017, Seekingalpha.com published: “AbbVie’s risankizumab successful in fourth late-stage psoriasis study” on December 04, 2017. More interesting news about AbbVie Inc. (NYSE:ABBV) were released by: Fool.com and their article: “The case for Johnson & Johnson” published on November 21, 2017 as well as Seekingalpha.com‘s news article titled: “Dividend Aristocrats In Focus Part 45: AbbVie” with publication date: November 22, 2017.

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