As Home Depot (HD) Stock Declined, Eastern Bank Has Cut Its Stake by $806,085; As First Internet Bancorp (INBK) Market Value Declined, Stieven Capital Advisors LP Trimmed by $750,956 Its Holding

April 19, 2018 - By Ruchi Gupta

The Home Depot, Inc. (NYSE:HD) Logo

Stieven Capital Advisors Lp decreased its stake in First Internet Bancorp (INBK) by 2.83% based on its latest 2017Q4 regulatory filing with the SEC. Stieven Capital Advisors Lp sold 19,762 shares as the company’s stock declined 8.24% with the market. The hedge fund held 678,638 shares of the major banks company at the end of 2017Q4, valued at $25.89 million, down from 698,400 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 less bullish one the $305.31M market cap company. The stock decreased 1.63% or $0.6 during the last trading session, reaching $36.25. About 18,259 shares traded. First Internet Bancorp (NASDAQ:INBK) has risen 23.53% since April 19, 2017 and is uptrending. It has outperformed by 11.98% the S&P500.

Eastern Bank decreased its stake in Home Depot Inc (HD) by 3.35% based on its latest 2017Q4 regulatory filing with the SEC. Eastern Bank sold 4,265 shares as the company’s stock declined 7.15% with the market. The institutional investor held 122,913 shares of the consumer services company at the end of 2017Q4, valued at $23.30M, down from 127,178 at the end of the previous reported quarter. Eastern Bank who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $207.32 billion market cap company. The stock increased 2.82% or $4.94 during the last trading session, reaching $179.85. About 5.86 million shares traded or 7.77% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since April 19, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

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 15 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was initiated by Keefe Bruyette & Woods on Tuesday, January 10 with “Outperform”. The firm earned “Buy” rating on Monday, July 27 by Maxim Group. Hovde Group maintained the shares of INBK in report on Monday, January 22 with “Buy” rating. The firm has “Buy” rating by Maxim Group given on Monday, October 23. The stock of First Internet Bancorp (NASDAQ:INBK) earned “Buy” rating by Maxim Group on Friday, January 19. Keefe Bruyette & Woods maintained the shares of INBK in report on Thursday, December 21 with “Buy” rating. Keefe Bruyette & Woods maintained First Internet Bancorp (NASDAQ:INBK) rating on Thursday, October 19. Keefe Bruyette & Woods has “Buy” rating and $44.0 target. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Buy”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, September 18 report. Keefe Bruyette & Woods maintained the shares of INBK in report on Thursday, July 27 with “Buy” rating.

Stieven Capital Advisors Lp, which manages about $284.20 million and $568.24M US Long portfolio, upped its stake in Investar Hldg Corp (NASDAQ:ISTR) by 85,400 shares to 218,835 shares, valued at $5.27M in 2017Q4, according to the filing. It also increased its holding in Opus Bk Irvine Calif (NASDAQ:OPB) by 73,200 shares in the quarter, for a total of 570,878 shares, and has risen its stake in Old Second Bancorp Inc Ill (NASDAQ:OSBC).

Investors sentiment decreased to 2 in 2017 Q4. Its down 2.27, from 4.27 in 2017Q3. It worsened, as 12 investors sold INBK shares while 19 reduced holdings. 23 funds opened positions while 39 raised stakes. 5.74 million shares or 46.19% less from 10.66 million shares in 2017Q3 were reported. The California-based Rbf Limited Liability Corp has invested 0.06% in First Internet Bancorp (NASDAQ:INBK). Kistler invested in 0% or 116 shares. Dimensional Fund Lp reported 124,401 shares or 0% of all its holdings. Illinois-based Northern has invested 0% in First Internet Bancorp (NASDAQ:INBK). Fifth Third National Bank & Trust invested in 0% or 33 shares. Howe & Rusling stated it has 0% in First Internet Bancorp (NASDAQ:INBK). Panagora Asset Management, a Massachusetts-based fund reported 17,590 shares. Schwab Charles Invest Inc, a California-based fund reported 15,267 shares. Geode Management Ltd Com has 73,201 shares. Kennedy Cap accumulated 0.23% or 339,623 shares. 17,218 were reported by First Trust Limited Partnership. Eam Ltd Liability Company stated it has 18,798 shares. Barclays Public Ltd Company reported 1,264 shares stake. The Pennsylvania-based Emerald Mutual Fund Advisers has invested 0.29% in First Internet Bancorp (NASDAQ:INBK). Qs Investors Ltd Liability Com accumulated 84 shares.

Among 34 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. The Home Depot Inc. had 116 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of The Home Depot, Inc. (NYSE:HD) earned “Outperform” rating by BMO Capital Markets on Thursday, February 22. The company was maintained on Wednesday, September 13 by Jefferies. The rating was maintained by Robert W. Baird on Tuesday, January 2 with “Buy”. Vetr downgraded The Home Depot, Inc. (NYSE:HD) rating on Wednesday, August 19. Vetr has “Buy” rating and $125.7 target. BMO Capital Markets maintained The Home Depot, Inc. (NYSE:HD) rating on Tuesday, July 18. BMO Capital Markets has “Buy” rating and $17600 target. Vetr downgraded The Home Depot, Inc. (NYSE:HD) on Saturday, August 29 to “Buy” rating. The rating was maintained by UBS on Friday, January 26 with “Buy”. RBC Capital Markets maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, November 16 with “Outperform” rating. Citigroup maintained the shares of HD in report on Wednesday, August 17 with “Buy” rating. Zacks upgraded the shares of HD in report on Monday, August 17 to “Sell” rating.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.21, from 1.14 in 2017Q3. It dived, as 51 investors sold HD shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Sarasin Partners Ltd Liability Partnership accumulated 273,190 shares or 1.01% of the stock. Rdl owns 1,804 shares or 0.21% of their US portfolio. Cognios Capital Ltd Liability Corporation accumulated 6,819 shares or 0.49% of the stock. 3.45M are held by Parametric Assocs Limited Liability Com. Shufro Rose And Ltd Limited Liability Company reported 0.31% in The Home Depot, Inc. (NYSE:HD). 6,592 were reported by Benedict Advsrs. Whittier Tru Com Of Nevada reported 0.52% stake. Commonwealth Commercial Bank Of Aus stated it has 102,130 shares. Bryn Mawr has 53,773 shares for 0.56% of their portfolio. State Common Retirement Fund holds 0.76% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 3.35 million shares. Skylands Lc holds 0.2% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 8,100 shares. Cypress Cap Mngmt Ltd Liability Corp (Wy) holds 1,450 shares or 0.31% of its portfolio. Essex Investment Mngmt Ltd accumulated 76,563 shares or 1.91% of the stock. Davidson Inv stated it has 0.08% of its portfolio in The Home Depot, Inc. (NYSE:HD). Efg Asset (Americas) stated it has 1.07% of its portfolio in The Home Depot, Inc. (NYSE:HD).

Since December 7, 2017, it had 2 buys, and 5 insider sales for $36.57 million activity. 113,687 The Home Depot, Inc. (NYSE:HD) shares with value of $20.89M were sold by Menear Craig A. Decker Edward P. also sold $3.31 million worth of The Home Depot, Inc. (NYSE:HD) on Tuesday, February 27. $1.19M worth of The Home Depot, Inc. (NYSE:HD) was bought by CODINA ARMANDO M on Friday, March 2. $7.02M worth of The Home Depot, Inc. (NYSE:HD) was sold by Campbell Ann Marie. BRENNEMAN GREGORY D had bought 16,827 shares worth $3.00 million. Carey Matt also sold $7.58 million worth of The Home Depot, Inc. (NYSE:HD) on Friday, December 8.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on May, 15. They expect $2.08 earnings per share, up 24.55% or $0.41 from last year’s $1.67 per share. HD’s profit will be $2.40 billion for 21.62 P/E if the $2.08 EPS becomes a reality. After $1.69 actual earnings per share reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

The Home Depot, Inc. (NYSE:HD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>