Severn Bancorp, Inc. (SVBI) Reaches $7.50 52-Week High; Manufacturers Life Insurance Company The Cut First Finl Bancorp Oh (FFBC) Position By $8.53 Million

January 14, 2018 - By Peter Erickson

The stock of Severn Bancorp, Inc. (NASDAQ:SVBI) hit a new 52-week high and has $7.80 target or 4.00% above today’s $7.50 share price. The 6 months bullish chart indicates low risk for the $91.84 million company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $7.80 price target is reached, the company will be worth $3.67M more. The stock decreased 2.60% or $0.2 during the last trading session, reaching $7.5. About 10,126 shares traded. Severn Bancorp, Inc. (NASDAQ:SVBI) has risen 26.33% since January 14, 2017 and is uptrending. It has outperformed by 9.63% the S&P500.

Manufacturers Life Insurance Company The decreased First Finl Bancorp Oh (FFBC) stake by 29.56% reported in 2017Q3 SEC filing. Manufacturers Life Insurance Company The sold 328,081 shares as First Finl Bancorp Oh (FFBC)’s stock declined 10.21%. The Manufacturers Life Insurance Company The holds 781,847 shares with $20.45M value, down from 1.11M last quarter. First Finl Bancorp Oh now has $1.75B valuation. The stock increased 0.36% or $0.1 during the last trading session, reaching $28.2. About 321,199 shares traded. First Financial Bancorp. (NASDAQ:FFBC) has risen 33.86% since January 14, 2017 and is uptrending. It has outperformed by 17.16% the S&P500.

Severn Bancorp, Inc. operates as the holding firm for Severn Savings Bank, FSB that provides a range of personal and commercial banking services and products in Maryland, Delaware, and Virginia. The company has market cap of $91.84 million. The Company’s deposit products include checking, savings, money market, time deposit, and individual retirement accounts. It has a 25.51 P/E ratio. The companyÂ’s loan portfolio comprises residential mortgage loans; commercial real estate loans; construction and land acquisition, and development loans for the construction of one-to-four family dwellings; land loans for the development of residential subdivisions and loans on unimproved lots; business and commercial loans; and home equity loans, home equity lines of credit, and other consumer loans.

Investors sentiment decreased to 2.25 in Q3 2017. Its down 4.75, from 7 in 2017Q2. It is negative, as 1 investors sold Severn Bancorp, Inc. shares while 3 reduced holdings. 2 funds opened positions while 7 raised stakes. 1.68 million shares or 45.12% less from 3.05 million shares in 2017Q2 were reported. Alpine Woods Capital Invsts Ltd holds 0.01% of its portfolio in Severn Bancorp, Inc. (NASDAQ:SVBI) for 16,000 shares. Creative Planning has 53,102 shares for 0% of their portfolio. Royal Comml Bank Of Canada invested in 2,850 shares. Ejf Capital Limited Company holds 0.86% of its portfolio in Severn Bancorp, Inc. (NASDAQ:SVBI) for 1.18M shares. Blackrock Incorporated owns 5,424 shares or 0% of their US portfolio. Zpr Investment Mgmt has 42,859 shares. Moreover, Morgan Stanley has 0% invested in Severn Bancorp, Inc. (NASDAQ:SVBI). Millennium Management Lc reported 20,310 shares. Wells Fargo & Com Mn holds 1,551 shares. California Pub Employees Retirement Sys accumulated 49,450 shares. Gendell Jeffrey L holds 101,109 shares or 0.06% of its portfolio. Goldman Sachs reported 13,298 shares. Vanguard holds 0% in Severn Bancorp, Inc. (NASDAQ:SVBI) or 77,311 shares. Salzhauer Michael has 55,000 shares for 0.17% of their portfolio. Kessler Invest Group Ltd Liability Corp invested 0.06% of its portfolio in Severn Bancorp, Inc. (NASDAQ:SVBI).

Analysts await First Financial Bancorp. (NASDAQ:FFBC) to report earnings on January, 18. They expect $0.41 EPS, up 7.89% or $0.03 from last year’s $0.38 per share. FFBC’s profit will be $25.44 million for 17.20 P/E if the $0.41 EPS becomes a reality. After $0.44 actual EPS reported by First Financial Bancorp. for the previous quarter, Wall Street now forecasts -6.82% negative EPS growth.

Investors sentiment increased to 1.36 in Q3 2017. Its up 0.29, from 1.07 in 2017Q2. It is positive, as 14 investors sold FFBC shares while 45 reduced holdings. 34 funds opened positions while 46 raised stakes. 47.49 million shares or 3.88% more from 45.71 million shares in 2017Q2 were reported. 3.14 million were accumulated by Dimensional Fund Advsr L P. Moreover, Invesco has 0% invested in First Financial Bancorp. (NASDAQ:FFBC). Park National Corporation Oh has 8,684 shares. Piedmont Inv Advsrs Limited has 13,539 shares. State Of Alaska Department Of Revenue owns 12,339 shares. Maltese Management Ltd Com has 0.16% invested in First Financial Bancorp. (NASDAQ:FFBC) for 70,000 shares. Barclays Public Limited holds 0% or 1,453 shares in its portfolio. Ameritas Partners holds 0.01% or 5,410 shares. Pinebridge Invs LP reported 126,427 shares. Vanguard Group Inc has 5.82M shares for 0.01% of their portfolio. 2.61M are held by Jpmorgan Chase. Vaughan Nelson Inv Mgmt Limited Partnership invested in 3.18 million shares or 0.99% of the stock. 4,971 are held by Bancorp Of Montreal Can. First Manhattan stated it has 4,668 shares. Eagle Boston Inv Mngmt Inc has invested 0.83% in First Financial Bancorp. (NASDAQ:FFBC).

Among 11 analysts covering First Financial Bancorp (NASDAQ:FFBC), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. First Financial Bancorp had 27 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, March 10 the stock rating was downgraded by Sandler O’Neill to “Hold”. The stock of First Financial Bancorp. (NASDAQ:FFBC) has “Underweight” rating given on Monday, October 23 by Barclays Capital. As per Friday, July 7, the company rating was maintained by RBC Capital Markets. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. RBC Capital Markets maintained First Financial Bancorp. (NASDAQ:FFBC) rating on Friday, October 20. RBC Capital Markets has “Hold” rating and $28.0 target. Piper Jaffray maintained the shares of FFBC in report on Monday, October 23 with “Hold” rating. The stock has “Underweight” rating by Barclays Capital on Thursday, July 27. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, September 7 report. Sandler O’Neill upgraded the stock to “Buy” rating in Tuesday, January 26 report. The stock of First Financial Bancorp. (NASDAQ:FFBC) has “Neutral” rating given on Thursday, October 6 by Piper Jaffray.

Manufacturers Life Insurance Company The increased Spdr Index Shs Fds (GWL) stake by 18,023 shares to 53,211 valued at $1.63 million in 2017Q3. It also upped Hasbro Inc (NASDAQ:HAS) stake by 18,116 shares and now owns 138,313 shares. Sanderson Farms Inc (NASDAQ:SAFM) was raised too.

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