First Interstate Bank Boosted Its Mckesson (MCK) Position; Colony Bankcorp (CBAN)’s Sentiment Is 1.17

March 22, 2018 - By Darrin Black

Colony Bankcorp, Inc. operates as the holding firm for Colony Bank that provides banking services and products to commercial and consumer customers. The company has market cap of $130.39 million. It offers various deposit products, including demand, savings, and time deposits. It has a 17.76 P/E ratio. The firm also offers loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.

First Interstate Bank increased Mckesson Corp (MCK) stake by 6.64% reported in 2017Q3 SEC filing. First Interstate Bank acquired 3,948 shares as Mckesson Corp (MCK)’s stock rose 1.84%. The First Interstate Bank holds 63,441 shares with $9.75 million value, up from 59,493 last quarter. Mckesson Corp now has $29.42 billion valuation. The stock decreased 0.23% or $0.32 during the last trading session, reaching $142.6. About 263,038 shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since March 22, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

First Interstate Bank decreased Procter & Gamble (NYSE:PG) stake by 40,393 shares to 26,639 valued at $2.42 million in 2017Q3. It also reduced Fedex Corp (NYSE:FDX) stake by 4,638 shares and now owns 29,506 shares. Exxon Mobil Corp (NYSE:XOM) was reduced too.

Since September 25, 2017, it had 0 buys, and 4 sales for $87.62 million activity. The insider HAMMERGREN JOHN H sold $30.59 million. Lampert Erin M also sold $211,071 worth of McKesson Corporation (NYSE:MCK) shares.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 81 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, April 24 by Leerink Swann. Needham maintained it with “Buy” rating and $173.0 target in Monday, October 30 report. Jefferies maintained McKesson Corporation (NYSE:MCK) on Wednesday, October 18 with “Hold” rating. The rating was downgraded by Goldman Sachs on Wednesday, November 4 to “Buy”. The stock of McKesson Corporation (NYSE:MCK) has “Underperform” rating given on Wednesday, November 23 by Credit Suisse. Needham upgraded McKesson Corporation (NYSE:MCK) rating on Friday, September 8. Needham has “Buy” rating and $179 target. The stock has “Neutral” rating by Goldman Sachs on Friday, September 16. The company was maintained on Thursday, October 26 by Robert W. Baird. The rating was maintained by JP Morgan on Tuesday, August 9 with “Overweight”. Leerink Swann downgraded the stock to “Mkt Perform” rating in Friday, October 28 report.

Investors sentiment decreased to 0.79 in Q3 2017. Its down 0.09, from 0.88 in 2017Q2. It is negative, as 65 investors sold MCK shares while 296 reduced holdings. 72 funds opened positions while 246 raised stakes. 180.04 million shares or 2.23% more from 176.11 million shares in 2017Q2 were reported. Dowling Yahnke Lc holds 3,332 shares. Tobam invested 0.59% in McKesson Corporation (NYSE:MCK). Macquarie Group holds 0.02% of its portfolio in McKesson Corporation (NYSE:MCK) for 54,729 shares. 510,694 are held by California Employees Retirement. Amica Mutual Ins reported 23,857 shares or 0.33% of all its holdings. Hexavest owns 425,264 shares. Cubist Systematic Strategies Limited Co reported 3,424 shares stake. Winslow Evans And Crocker accumulated 526 shares or 0.03% of the stock. Creative Planning invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Balyasny Asset Lc owns 0.05% invested in McKesson Corporation (NYSE:MCK) for 82,357 shares. State Board Of Administration Of Florida Retirement Sys stated it has 0.13% of its portfolio in McKesson Corporation (NYSE:MCK). 130,871 are owned by Bnp Paribas Arbitrage. Bremer National Association owns 0.08% invested in McKesson Corporation (NYSE:MCK) for 1,884 shares. Bokf Na holds 0.03% or 7,560 shares. Illinois-based Savant Ltd Liability Com has invested 0.09% in McKesson Corporation (NYSE:MCK).

Since January 1, 0001, it had 4 insider purchases, and 3 sales for $47,794 activity.

The stock decreased 2.22% or $0.35 during the last trading session, reaching $15.45. About 3,255 shares traded. Colony Bankcorp, Inc. (CBAN) has risen 45.99% since March 22, 2017 and is uptrending. It has outperformed by 29.29% the S&P500.

Gendell Jeffrey L holds 0.6% of its portfolio in Colony Bankcorp, Inc. for 549,869 shares. Eidelman Virant Capital owns 44,682 shares or 0.36% of their US portfolio. Moreover, Polaris Capital Management Llc has 0.29% invested in the company for 372,150 shares. The Pennsylvania-based Schneider Capital Management Corp has invested 0.03% in the stock. Acadian Asset Management Llc, a Massachusetts-based fund reported 328 shares.

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