Renaissance Technologies Trimmed Evertec (EVTC) Stake; Bay Bancorp (BYBK) SI Increased By 250%

December 7, 2017 - By Adrian Mccoy

Renaissance Technologies Llc decreased Evertec Inc (EVTC) stake by 4.96% reported in 2017Q2 SEC filing. Renaissance Technologies Llc sold 144,300 shares as Evertec Inc (EVTC)’s stock declined 3.49%. The Renaissance Technologies Llc holds 2.76 million shares with $47.81 million value, down from 2.91M last quarter. Evertec Inc now has $970.03M valuation. The stock decreased 1.47% or $0.2 during the last trading session, reaching $13.4. About 499,912 shares traded. EVERTEC, Inc. (NYSE:EVTC) has risen 21.35% since December 7, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.

Bay Bancorp Incorporated (NASDAQ:BYBK) had an increase of 250% in short interest. BYBK’s SI was 3,500 shares in December as released by FINRA. Its up 250% from 1,000 shares previously. With 31,300 avg volume, 0 days are for Bay Bancorp Incorporated (NASDAQ:BYBK)’s short sellers to cover BYBK’s short positions. The SI to Bay Bancorp Incorporated’s float is 0.07%. The stock increased 0.17% or $0.0215 during the last trading session, reaching $12.3715. About 468 shares traded. Bay Bancorp, Inc. (NASDAQ:BYBK) has risen 38.61% since December 7, 2016 and is uptrending. It has outperformed by 21.91% the S&P500.

Bay Bancorp, Inc. operates as a bank holding firm for Bay Bank, FSB that provides banking services and products to small and medium-sized commercial and retail businesses, business professionals, and individual clients in the central Maryland region. The company has market cap of $132.60 million. The Company’s deposit products include demand, money market, and savings accounts, as well as time deposits; and certificate of deposit registry service and insured cash sweep deposits. It has a 25.67 P/E ratio. The companyÂ’s loan portfolio comprises commercial loans, such as lines of credit, revolving credit facilities, accounts receivable and inventory financing, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans; commercial and residential real estate loans; loans for land acquisition, land development, and/or construction of residential or commercial structures; home equity line of credit; and consumer and other loans, such as installment loans, personal lines of credit, and automobile loans.

Investors sentiment increased to 9 in 2017 Q2. Its up 6.50, from 2.5 in 2017Q1. It is positive, as 1 investors sold Bay Bancorp, Inc. shares while 0 reduced holdings. 1 funds opened positions while 8 raised stakes. 4.89 million shares or 114.00% more from 2.29 million shares in 2017Q1 were reported. Creative Planning has invested 0% in Bay Bancorp, Inc. (NASDAQ:BYBK). Morgan Stanley has invested 0% in Bay Bancorp, Inc. (NASDAQ:BYBK). Vanguard Group Incorporated has 261,278 shares for 0% of their portfolio. Arbiter Partners Mngmt Ltd Liability holds 0.01% or 12,700 shares in its portfolio. Ejf Cap Limited Company holds 1.00 million shares. Renaissance Tech Ltd stated it has 12,500 shares. Moab Limited Liability Corp reported 34,333 shares. Alpine Woods Capital Llc has invested 0.01% in Bay Bancorp, Inc. (NASDAQ:BYBK). Panagora Asset Management invested 0% in Bay Bancorp, Inc. (NASDAQ:BYBK). Wms Ptnrs Ltd Llc invested 0.04% in Bay Bancorp, Inc. (NASDAQ:BYBK). Pnc Financial holds 0% of its portfolio in Bay Bancorp, Inc. (NASDAQ:BYBK) for 14,168 shares. Wells Fargo & Mn has invested 0% in Bay Bancorp, Inc. (NASDAQ:BYBK). Alliancebernstein Limited Partnership owns 0% invested in Bay Bancorp, Inc. (NASDAQ:BYBK) for 239,177 shares. 22,217 are owned by Founders Secs Ltd. California Public Employees Retirement System has 0% invested in Bay Bancorp, Inc. (NASDAQ:BYBK).

Renaissance Technologies Llc increased Access Natl Corp (NASDAQ:ANCX) stake by 165,905 shares to 442,305 valued at $11.73 million in 2017Q2. It also upped Enernoc Inc (NASDAQ:ENOC) stake by 296,388 shares and now owns 1.56 million shares. Marchex Inc (NASDAQ:MCHX) was raised too.

Among 6 analysts covering Evertec (NYSE:EVTC), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Evertec had 19 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was initiated by Cowen & Co with “Outperform” on Wednesday, September 30. The rating was maintained by JP Morgan on Friday, August 14 with “Neutral”. The firm has “Buy” rating given on Friday, April 15 by Compass Point. Cowen & Co maintained it with “Hold” rating and $20.0 target in Wednesday, October 11 report. The firm has “Market Perform” rating by Cowen & Co given on Monday, December 5. Compass Point maintained the shares of EVTC in report on Friday, July 29 with “Buy” rating. The stock of EVERTEC, Inc. (NYSE:EVTC) earned “Hold” rating by Stifel Nicolaus on Wednesday, August 2. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, November 8 report. The firm has “Buy” rating by Compass Point given on Thursday, February 25. On Wednesday, November 8 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Analysts await EVERTEC, Inc. (NYSE:EVTC) to report earnings on February, 28. They expect $0.23 earnings per share, down 46.51% or $0.20 from last year’s $0.43 per share. EVTC’s profit will be $16.65M for 14.57 P/E if the $0.23 EPS becomes a reality. After $0.33 actual earnings per share reported by EVERTEC, Inc. for the previous quarter, Wall Street now forecasts -30.30% negative EPS growth.

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By1 Adrian Mccoy

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