Pax World Management Increased Its Bank Of America Corp. (BAC) Holding; Mercantile Bank (MBWM) Sentiment Is 1.25

September 13, 2017 - By Clifton Ray

Pax World Management Llc increased Bank Of America Corp. (BAC) stake by 1286.37% reported in 2016Q4 SEC filing. Pax World Management Llc acquired 841,800 shares as Bank Of America Corp. (BAC)’s stock declined 6.00%. The Pax World Management Llc holds 907,240 shares with $20.05 million value, up from 65,440 last quarter. Bank Of America Corp. now has $255.59 billion valuation. The stock rose 1.02% or $0.25 reaching $24.23 per share. About 56.01M shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since September 13, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Mercantile Bank Corporation is a bank holding company. The company has market cap of $509.81 million. The Firm owns the Mercantile Bank of Michigan . It has a 16.42 P/E ratio. The Bank is a state banking company.

Pax World Management Llc decreased Robert Half International Inc. (NYSE:RHI) stake by 15,000 shares to 30,000 valued at $1.46 million in 2016Q4. It also reduced Amazon.Com Inc. (NASDAQ:AMZN) stake by 969 shares and now owns 23,599 shares. Zoetis Inc. (NYSE:ZTS) was reduced too.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.03, from 1.15 in 2016Q3. It fall, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. 1.63M were accumulated by Polar Capital Llp. Ig owns 5.01M shares. Plancorp Lc holds 85,599 shares or 0.54% of its portfolio. Darsana Capital Partners Ltd Partnership owns 4.00M shares or 4.28% of their US portfolio. Capstone Asset Communication owns 1.14 million shares. Wetherby Asset Mgmt has invested 0.56% in Bank of America Corp (NYSE:BAC). Beach Management Ltd Llc holds 3.5% or 92,570 shares. New York-based Art Advsrs Ltd Com has invested 0.5% in Bank of America Corp (NYSE:BAC). Mitchell Mcleod Pugh & Williams reported 0.52% of its portfolio in Bank of America Corp (NYSE:BAC). Tennessee-based Proffitt Goodson has invested 0.99% in Bank of America Corp (NYSE:BAC). Welch Ltd Liability Corp has invested 0.04% in Bank of America Corp (NYSE:BAC). New York-based Kahn Brothers Group Inc Inc De has invested 0% in Bank of America Corp (NYSE:BAC). Pzena Inv holds 2.96% of its portfolio in Bank of America Corp (NYSE:BAC) for 23.48 million shares. Investors Asset Of Georgia Ga Adv accumulated 62,424 shares or 1.02% of the stock. Savant Ltd Limited Liability Company reported 0.32% of its portfolio in Bank of America Corp (NYSE:BAC).

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Bank of America had 79 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Tuesday, January 26 with “Buy”. The firm earned “Buy” rating on Tuesday, July 19 by Citigroup. The rating was upgraded by Atlantic Securities on Wednesday, December 21 to “Overweight”. On Wednesday, January 11 the stock rating was upgraded by Societe Generale to “Buy”. The stock of Bank of America Corp (NYSE:BAC) has “Hold” rating given on Thursday, December 1 by Standpoint Research. The company was maintained on Tuesday, July 18 by Oppenheimer. Keefe Bruyette & Woods maintained it with “Buy” rating and $2800 target in Sunday, August 13 report. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, May 31. The stock of Bank of America Corp (NYSE:BAC) earned “Hold” rating by Berenberg on Monday, April 24. The rating was maintained by RBC Capital Markets on Tuesday, July 18 with “Buy”.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $240,059 activity.

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