Sandy Spring Bancorp (SASR) Holder Piermont Capital Management Lifted Holding by $962,540 as Stock Value Rose; As Schlumberger LTD (SLB) Valuation Rose, Holder Boston Family Office Has Cut Its Holding

June 14, 2018 - By Steve Bissell

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Logo

Piermont Capital Management Llc increased its stake in Sandy Spring Bancorp Inc. (SASR) by 78.52% based on its latest 2018Q1 regulatory filing with the SEC. Piermont Capital Management Llc bought 25,330 shares as the company’s stock rose 6.32% while stock markets declined. The institutional investor held 57,590 shares of the finance company at the end of 2018Q1, valued at $2.23 million, up from 32,260 at the end of the previous reported quarter. Piermont Capital Management Llc who had been investing in Sandy Spring Bancorp Inc. for a number of months, seems to be bullish on the $1.49B market cap company. The stock decreased 0.21% or $0.09 during the last trading session, reaching $42.04. About 48,805 shares traded. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 6.43% since June 14, 2017 and is uptrending. It has underperformed by 6.14% the S&P500. Some Historical SASR News: 19/04/2018 – Sandy Spring Bancorp 1Q EPS 61c; 11/05/2018 – Ejf Capital Buys New 1.6% Position in Sandy Spring; 26/04/2018 – Sandy Spring Bancorp Increases Qtrly Div; 19/04/2018 – SANDY SPRING 1Q NET INTEREST MARGIN 3.58%; 24/04/2018 – SANDY SPRING BANCORP INC SASR.O : KBW RAISES TO OUTPERFORM FROM MARKET PERFORM; 19/04/2018 – Sandy Spring Closes Above 200-Day Moving Average: Technicals; 18/04/2018 – Sandy Spring Closes Below 50-Day Moving Average: Technicals; 26/04/2018 – Sandy Spring Bancorp Raises Dividend to 28c Vs. 26c; 26/04/2018 – SANDY SPRING BANCORP INC SASR.O SETS QUARTERLY DIVIDEND OF $0.28/SHR; 22/04/2018 – DJ Sandy Spring Bancorp Inc, Inst Holders, 1Q 2018 (SASR)

Boston Family Office Llc decreased its stake in Schlumberger Ltd (SLB) by 8.12% based on its latest 2018Q1 regulatory filing with the SEC. Boston Family Office Llc sold 8,196 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 92,789 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $6.01 million, down from 100,985 at the end of the previous reported quarter. Boston Family Office Llc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $94.56 billion market cap company. The stock increased 0.44% or $0.3 during the last trading session, reaching $68.27. About 2.63 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 14, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Since January 22, 2018, it had 3 insider buys, and 3 sales for $6.93 million activity. $646,800 worth of Schlumberger Limited (NYSE:SLB) was bought by KIBSGAARD PAAL on Monday, March 26. $218,049 worth of stock was sold by Jaramillo Claudia on Wednesday, May 16. Al Mogharbel Khaled had bought 3,000 shares worth $192,900 on Wednesday, March 28. AYAT SIMON also sold $5.91M worth of Schlumberger Limited (NYSE:SLB) on Wednesday, January 24. Schorn Patrick also bought $323,950 worth of Schlumberger Limited (NYSE:SLB) shares.

Boston Family Office Llc, which manages about $1.02B and $876.80M US Long portfolio, upped its stake in Salesforce.Com Inc (NYSE:CRM) by 5,946 shares to 18,557 shares, valued at $2.16M in 2018Q1, according to the filing. It also increased its holding in Welltower by 11,700 shares in the quarter, for a total of 35,291 shares, and has risen its stake in Verizon Communications (NYSE:VZ).

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Finance.Yahoo.com which released: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” on June 02, 2018, also Bizjournals.com with their article: “Weatherford reportedly considering selling laboratory business” published on June 12, 2018, Streetinsider.com published: “UPDATE: Schlumberger (SLB) Sees 10%-15% Growth in Q2 EPS” on June 12, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Fool.com and their article: “3 Oil Market Myths Schlumberger’s Management Wants to Dispel” published on June 12, 2018 as well as Forbes.com‘s news article titled: “Why Schlumberger’s Stock Continues To Underperform” with publication date: May 29, 2018.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. As per Monday, December 14, the company rating was initiated by KLR Group. The firm has “Hold” rating by Standpoint Research given on Wednesday, April 20. The firm has “Buy” rating by Piper Jaffray given on Friday, October 20. SunTrust upgraded Schlumberger Limited (NYSE:SLB) rating on Friday, April 21. SunTrust has “Buy” rating and $92 target. Griffin Securities upgraded the stock to “Buy” rating in Monday, February 12 report. The rating was maintained by Evercore on Saturday, August 22 with “Buy”. The rating was maintained by Cowen & Co on Wednesday, April 26 with “Outperform”. The firm has “Outperform” rating given on Monday, October 23 by Credit Suisse. The firm earned “Buy” rating on Thursday, March 23 by Scotia Capital. The company was maintained on Wednesday, October 25 by Barclays Capital.

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It increased, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Bancshares Of Nova Scotia reported 0.06% in Schlumberger Limited (NYSE:SLB). First Interstate Retail Bank owns 78,581 shares for 1.15% of their portfolio. Private Wealth Advsrs Incorporated stated it has 24,055 shares. Public Sector Pension Investment Board owns 759,331 shares. Silvercrest Asset Mngmt Gp Limited Co reported 0.13% in Schlumberger Limited (NYSE:SLB). Flossbach Von Storch Ag accumulated 766,700 shares. Waldron Limited Partnership accumulated 0.07% or 5,034 shares. Thrivent Fincl For Lutherans owns 64,313 shares or 0.01% of their US portfolio. Lifeplan Finance stated it has 0% in Schlumberger Limited (NYSE:SLB). Lee Danner & Bass reported 0.77% stake. 14,023 are owned by Lombard Odier Asset (Europe) Limited. Oakworth Inc invested 0.1% of its portfolio in Schlumberger Limited (NYSE:SLB). Harvey Comm Lc holds 0.28% or 23,572 shares in its portfolio. Kempner Cap Mgmt reported 96,724 shares stake. Parsec Fincl Management holds 0.48% of its portfolio in Schlumberger Limited (NYSE:SLB) for 108,696 shares.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on July, 20 before the open. They expect $0.46 earnings per share, up 31.43% or $0.11 from last year’s $0.35 per share. SLB’s profit will be $637.16 million for 37.10 P/E if the $0.46 EPS becomes a reality. After $0.38 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 21.05% EPS growth.

Piermont Capital Management Llc, which manages about $208.82 million and $299.68 million US Long portfolio, decreased its stake in Spire Inc. by 38,775 shares to 6,140 shares, valued at $444,000 in 2018Q1, according to the filing.

Investors sentiment increased to 2.46 in 2018 Q1. Its up 0.92, from 1.54 in 2017Q4. It increased, as 18 investors sold SASR shares while 23 reduced holdings. 41 funds opened positions while 60 raised stakes. 22.60 million shares or 33.01% more from 16.99 million shares in 2017Q4 were reported. Strs Ohio invested in 0% or 300 shares. Endicott Management Com holds 15.41% or 608,195 shares in its portfolio. Thrivent Financial For Lutherans invested 0.04% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Grace And White Ny accumulated 72,006 shares. 156,893 were accumulated by Principal Inc. Guggenheim Capital Ltd Company holds 25,909 shares. Tower Limited Liability Company (Trc) reported 0% stake. Parametric Port Assocs Ltd Liability holds 0% or 85,076 shares in its portfolio. Deutsche Commercial Bank Ag has invested 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Glenmede Tru Na, a Pennsylvania-based fund reported 198 shares. Natl Bank Of Montreal Can owns 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 46,905 shares. Aperio Limited Com owns 5,205 shares. Sg Americas Limited Com reported 0% stake. Pennsylvania-based Susquehanna Intl Limited Liability Partnership has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Moreover, Aqr Ltd Company has 0.01% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 148,986 shares.

Among 7 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Sandy Spring Bancorp had 13 analyst reports since July 20, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Sell” rating in Tuesday, August 25 report. The company was maintained on Friday, January 19 by Keefe Bruyette & Woods. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Overweight” rating by Stephens given on Thursday, February 22. The firm has “Hold” rating by Robert W. Baird given on Wednesday, January 10. The firm earned “Hold” rating on Friday, January 12 by Sandler O’Neill. Keefe Bruyette & Woods upgraded the shares of SASR in report on Tuesday, April 24 to “Buy” rating. Robert W. Baird maintained it with “Hold” rating and $43.0 target in Thursday, October 19 report. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods.

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