Basswood Capital Management Has Trimmed Its Fifth Third Bancorp (FITB) Stake, Gabelli Funds Lowered Its Mastercard Com (MA) Position

July 17, 2017 - By Nellie Frank

Gabelli Funds Llc decreased Mastercard Inc Com (MA) stake by 4.4% reported in 2016Q4 SEC filing. Gabelli Funds Llc sold 44,500 shares as Mastercard Inc Com (MA)’s stock rose 7.46%. The Gabelli Funds Llc holds 966,300 shares with $99.77M value, down from 1.01M last quarter. Mastercard Inc Com now has $138.01 billion valuation. The stock rose 0.14% or $0.18 reaching $127.19. About 1.61M shares traded. Mastercard Inc (NYSE:MA) has risen 24.16% since July 17, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

Basswood Capital Management Llc decreased Fifth Third Bancorp (FITB) stake by 14.44% reported in 2016Q4 SEC filing. Basswood Capital Management Llc sold 136,890 shares as Fifth Third Bancorp (FITB)’s stock declined 12.20%. The Basswood Capital Management Llc holds 811,126 shares with $21.88M value, down from 948,016 last quarter. Fifth Third Bancorp now has $19.46B valuation. The stock rose 0.25% or $0.07 reaching $26.15. About 3.18M shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since July 17, 2016 and is uptrending. It has outperformed by 16.60% the S&P500.

Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on July, 21 before the open. They expect $0.42 EPS, up 5.00% or $0.02 from last year’s $0.4 per share. FITB’s profit will be $312.55 million for 15.57 P/E if the $0.42 EPS becomes a reality. After $0.38 actual EPS reported by Fifth Third Bancorp for the previous quarter, Wall Street now forecasts 10.53% EPS growth.

Among 28 analysts covering Fifth Third (NASDAQ:FITB), 5 have Buy rating, 2 Sell and 21 Hold. Therefore 18% are positive. Fifth Third had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Equal-Weight” rating by Stephens on Wednesday, October 5. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. The company was downgraded on Wednesday, November 16 by Robert W. Baird. JP Morgan maintained it with “Neutral” rating and $19 target in Thursday, April 7 report. The firm earned “Perform” rating on Wednesday, July 6 by Oppenheimer. Wedbush maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Wednesday, November 30. Wedbush has “Neutral” rating and $26 target. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Outperform” rating by RBC Capital Markets on Friday, January 22. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, October 21. Goldman Sachs downgraded the shares of FITB in report on Friday, October 2 to “Neutral” rating. Compass Point upgraded the stock to “Buy” rating in Wednesday, March 29 report.

Since April 28, 2017, it had 0 insider purchases, and 4 insider sales for $1.32 million activity. Shares for $247,943 were sold by ANDERSON LARS C. Tanner Teresa J. had sold 26,010 shares worth $647,649. $373,200 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Leonard James C. on Thursday, May 4. Another trade for 2,000 shares valued at $49,632 was sold by Hoover Jewell D.

Investors sentiment increased to 0.93 in Q4 2016. Its up 0.24, from 0.69 in 2016Q3. It is positive, as 36 investors sold FITB shares while 230 reduced holdings. 93 funds opened positions while 154 raised stakes. 604.34 million shares or 0.54% more from 601.09 million shares in 2016Q3 were reported. Brown Brothers Harriman And Com stated it has 41,142 shares or 0.01% of all its holdings. Calvert Invest Mngmt reported 54,103 shares stake. Voya Inv Management Limited Liability Company invested in 0.03% or 434,881 shares. Winch Advisory Serv Limited Liability Company holds 43,323 shares or 0.8% of its portfolio. Fragasso Group Inc Inc accumulated 59,675 shares or 0.53% of the stock. State Of Tennessee Treasury Department owns 0.03% invested in Fifth Third Bancorp (NASDAQ:FITB) for 234,678 shares. Moreover, Pinnacle Holdg Lc has 0% invested in Fifth Third Bancorp (NASDAQ:FITB). Thrivent Fin For Lutherans reported 0.38% stake. Dnb Asset Management As owns 71,333 shares or 0% of their US portfolio. Bancshares Of America De accumulated 4.83M shares or 0.03% of the stock. Financial Architects has 2,292 shares. Joel Isaacson Ltd Limited Liability Company holds 0.02% or 3,221 shares. Cap Ww Invsts reported 980,000 shares or 0.01% of all its holdings. Nippon Life Insurance Company reported 40,507 shares stake. Ubs Asset Mgmt Americas reported 2.80 million shares.

Basswood Capital Management Llc increased Veritex Holdings Inc. stake by 363,455 shares to 1.35 million valued at $35.95M in 2016Q4. It also upped Sunshine Bancorp Inc. (NASDAQ:SBCP) stake by 41,686 shares and now owns 175,892 shares. Bryn Mawr Bank Corp (NASDAQ:BMTC) was raised too.

Gabelli Funds Llc increased Pioneer Nat Res Co Com (NYSE:PXD) stake by 7,000 shares to 102,000 valued at $18.37 million in 2016Q4. It also upped Gas Nat Inc Com (NYSEMKT:EGAS) stake by 206,548 shares and now owns 236,548 shares. Kraft Heinz Co/The was raised too.

Among 22 analysts covering Mastercard Incorporated (NYSE:MA), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 77% are positive. Mastercard Incorporated had 46 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Mastercard Inc (NYSE:MA) on Tuesday, August 25 with “Buy” rating. Citigroup maintained the stock with “Buy” rating in Friday, April 29 report. As per Wednesday, September 30, the company rating was initiated by Cowen & Co. As per Friday, October 30, the company rating was maintained by Wedbush. The firm earned “Neutral” rating on Thursday, February 11 by Bank of America. The stock of Mastercard Inc (NYSE:MA) earned “Overweight” rating by Piper Jaffray on Thursday, December 31. The firm earned “Hold” rating on Friday, October 30 by S&P Research. On Wednesday, July 5 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was initiated on Wednesday, December 16 by UBS. On Monday, October 31 the stock rating was maintained by RBC Capital Markets with “Outperform”.

Analysts await Mastercard Inc (NYSE:MA) to report earnings on July, 27 before the open. They expect $1.04 EPS, up 8.33% or $0.08 from last year’s $0.96 per share. MA’s profit will be $1.13B for 30.57 P/E if the $1.04 EPS becomes a reality. After $1.01 actual EPS reported by Mastercard Inc for the previous quarter, Wall Street now forecasts 2.97% EPS growth.

Since January 20, 2017, it had 0 buys, and 14 sales for $155.49 million activity. 24,128 shares valued at $2.71M were sold by Murphy Timothy H on Tuesday, April 4. MasterCard Foundation also sold $21.86M worth of Mastercard Inc (NYSE:MA) on Monday, January 30. 1,719 shares valued at $193,173 were sold by Vosburg Craig on Tuesday, February 28. $18.97M worth of Mastercard Inc (NYSE:MA) shares were sold by BANGA AJAY. 763 shares were sold by Fraccaro Michael, worth $85,726. 6,487 shares valued at $682,264 were sold by Reeg Robert on Thursday, February 2. Shares for $561,221 were sold by Haythornthwaite Richard.

Investors sentiment increased to 1.01 in 2016 Q4. Its up 0.03, from 0.98 in 2016Q3. It increased, as 48 investors sold MA shares while 447 reduced holdings. 106 funds opened positions while 394 raised stakes. 797.06 million shares or 0.34% more from 794.39 million shares in 2016Q3 were reported. Boston Private Wealth Lc has 0.14% invested in Mastercard Inc (NYSE:MA) for 32,556 shares. M&T National Bank accumulated 469,795 shares. Cullen Frost Bankers Inc holds 0.71% or 198,909 shares in its portfolio. Parkside Bank And holds 258 shares. Invesco stated it has 4.59 million shares or 0.16% of all its holdings. Regent Investment Mngmt Limited Liability Company stated it has 3,580 shares. 51,634 are held by Amica Mutual. Natixis owns 75,497 shares. Amica Retiree Tru owns 0.55% invested in Mastercard Inc (NYSE:MA) for 6,653 shares. Congress Asset Management Co Ma holds 0.12% or 55,116 shares. Tirschwell And Loewy invested 2.7% of its portfolio in Mastercard Inc (NYSE:MA). Northstar Invest Advisors Lc invested in 0.05% or 1,989 shares. Weitz Investment Management holds 3.24% or 790,938 shares. California State Teachers Retirement Sys holds 0.42% in Mastercard Inc (NYSE:MA) or 2.01 million shares. Bankshares Of Nova Scotia Trust holds 49,222 shares.

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