First Internet Bancorp (INBK) Shareholder Stieven Capital Advisors LP Upped Its Holding by $6.33 Million; Evercore Trust Company Has Lowered Stake in Air Prods & Chems (APD) by $10.83 Million as Share Value Rose

February 15, 2018 - By Richard Conner

Stieven Capital Advisors Lp increased its stake in First Internet Bancorp (INBK) by 39.51% based on its latest 2017Q3 regulatory filing with the SEC. Stieven Capital Advisors Lp bought 197,800 shares as the company’s stock declined 16.32% while stock markets rallied. The hedge fund held 698,400 shares of the major banks company at the end of 2017Q3, valued at $22.56M, up from 500,600 at the end of the previous reported quarter. Stieven Capital Advisors Lp who had been investing in First Internet Bancorp for a number of months, seems to be bullish on the $323.41M market cap company. The stock increased 2.95% or $1.1 during the last trading session, reaching $38.45. About 746 shares traded. First Internet Bancorp (NASDAQ:INBK) has risen 9.91% since February 15, 2017 and is uptrending. It has underperformed by 6.79% the S&P500.

Evercore Trust Company decreased its stake in Air Prods & Chems Inc (APD) by 36.77% based on its latest 2017Q3 regulatory filing with the SEC. Evercore Trust Company sold 71,696 shares as the company’s stock rose 1.13% with the market. The institutional investor held 123,265 shares of the basic industries company at the end of 2017Q3, valued at $18.64M, down from 194,961 at the end of the previous reported quarter. Evercore Trust Company who had been investing in Air Prods & Chems Inc for a number of months, seems to be less bullish one the $35.66B market cap company. The stock increased 1.00% or $1.62 during the last trading session, reaching $162.89. About 110,709 shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 9.23% since February 15, 2017 and is uptrending. It has underperformed by 7.47% the S&P500.

Investors sentiment increased to 1.31 in 2017 Q3. Its up 0.14, from 1.17 in 2017Q2. It improved, as 36 investors sold APD shares while 232 reduced holdings. 90 funds opened positions while 262 raised stakes. 186.79 million shares or 0.55% more from 185.76 million shares in 2017Q2 were reported. Green Square reported 0.86% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Gemmer Asset Management Ltd Llc reported 168 shares. Employees Retirement Association Of Colorado holds 37,316 shares or 0.04% of its portfolio. Guardian Life Insurance Of America holds 488 shares or 0.01% of its portfolio. Paloma Mgmt holds 0.02% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD) for 9,247 shares. 1832 Asset Management Ltd Partnership reported 0.02% stake. Valley Advisers Incorporated stated it has 4,223 shares or 0.22% of all its holdings. Richard Bernstein Advsrs Ltd Liability Corporation reported 17,878 shares. Nelson Van Denburg And Campbell Wealth Management Group Incorporated Limited Company owns 15 shares for 0% of their portfolio. American Century reported 2.40 million shares stake. Town Country National Bank & Trust Company Dba First Bankers Company stated it has 3,255 shares. Dimensional Fund LP holds 536,506 shares. Amf Pensionsforsakring Ab holds 0.08% or 50,620 shares in its portfolio. Regents Of The University Of California reported 10,200 shares. Meyer Handelman owns 38,700 shares for 0.27% of their portfolio.

Among 20 analysts covering Air Products & Chemicals (NYSE:APD), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Air Products & Chemicals had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, October 27 by Citigroup. J.P. Morgan downgraded Air Products and Chemicals, Inc. (NYSE:APD) rating on Monday, January 29. J.P. Morgan has “Hold” rating and $170.0 target. The rating was downgraded by Deutsche Bank to “Hold” on Monday, April 4. As per Friday, January 26, the company rating was maintained by SunTrust. Citigroup maintained Air Products and Chemicals, Inc. (NYSE:APD) rating on Friday, July 15. Citigroup has “Neutral” rating and $157 target. The firm earned “Neutral” rating on Monday, April 18 by Citigroup. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, January 30 report. The rating was maintained by Jefferies with “Hold” on Thursday, September 28. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Buy” rating given on Friday, February 9 by J.P. Morgan. The rating was upgraded by JP Morgan to “Outperform” on Friday, February 9.

Among 4 analysts covering First Internet Bancorp (NASDAQ:INBK), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. First Internet Bancorp had 14 analyst reports since July 27, 2015 according to SRatingsIntel. On Tuesday, January 10 the stock rating was initiated by Keefe Bruyette & Woods with “Outperform”. Maxim Group maintained First Internet Bancorp (NASDAQ:INBK) rating on Friday, January 19. Maxim Group has “Buy” rating and $46.0 target. FIG Partners downgraded First Internet Bancorp (NASDAQ:INBK) on Monday, January 22 to “Market Perform” rating. The rating was maintained by Maxim Group with “Buy” on Friday, October 20. The firm has “Buy” rating given on Monday, January 22 by Hovde Group. Keefe Bruyette & Woods maintained the shares of INBK in report on Thursday, October 19 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of INBK in report on Monday, June 26 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, July 27 with “Buy”. Keefe Bruyette & Woods maintained it with “Buy” rating and $39.0 target in Monday, September 18 report. The rating was maintained by Maxim Group with “Buy” on Monday, October 23.

Stieven Capital Advisors Lp, which manages about $284.20 million and $527.25 million US Long portfolio, decreased its stake in Midland Sts Bancorp Inc Ill by 295,728 shares to 14,349 shares, valued at $455,000 in 2017Q3, according to the filing. It also reduced its holding in Carolina Finl Corp New (NASDAQ:CARO) by 9,421 shares in the quarter, leaving it with 204,009 shares, and cut its stake in Bofi Hldg Inc (NASDAQ:BOFI).

Investors sentiment increased to 4.27 in Q3 2017. Its up 2.66, from 1.61 in 2017Q2. It is positive, as 3 investors sold INBK shares while 12 reduced holdings. 26 funds opened positions while 38 raised stakes. 10.66 million shares or 181.88% more from 3.78 million shares in 2017Q2 were reported. Price T Rowe Md holds 7,184 shares or 0% of its portfolio. Howe Rusling invested in 80 shares. Argent Limited Liability invested in 0.16% or 124,755 shares. Franklin Resource Incorporated owns 206,800 shares. Citigroup Inc invested 0% in First Internet Bancorp (NASDAQ:INBK). First Wilshire Mgmt Incorporated owns 20,954 shares or 0.19% of their US portfolio. Ny State Common Retirement Fund reported 6,200 shares stake. Teton Advsrs stated it has 0.1% in First Internet Bancorp (NASDAQ:INBK). Panagora Asset Mngmt reported 14,673 shares. Trexquant Invest LP accumulated 15,407 shares. Meeder Asset Management Inc reported 0% in First Internet Bancorp (NASDAQ:INBK). Royal Comml Bank Of Canada accumulated 508 shares. Cornercap Inv Counsel holds 0.11% in First Internet Bancorp (NASDAQ:INBK) or 25,135 shares. Stifel Corp reported 149,996 shares or 0.02% of all its holdings. Federated Investors Incorporated Pa stated it has 0% in First Internet Bancorp (NASDAQ:INBK).

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By1 Richard Conner

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