Regal Beloit (RBC) EPS Estimated At $1.14; Bank of America (BAC) Shorts Increased By 11.24%

January 14, 2018 - By Michael Collier

Bank of America Corporation (NYSE:BAC) had an increase of 11.24% in short interest. BAC’s SI was 135.34 million shares in January as released by FINRA. Its up 11.24% from 121.67M shares previously. With 64.59M avg volume, 2 days are for Bank of America Corporation (NYSE:BAC)’s short sellers to cover BAC’s short positions. The SI to Bank of America Corporation’s float is 1.29%. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Analysts expect Regal Beloit Corporation (NYSE:RBC) to report $1.14 EPS on February, 5.They anticipate $0.10 EPS change or 9.62% from last quarter’s $1.04 EPS. RBC’s profit would be $50.51 million giving it 17.12 P/E if the $1.14 EPS is correct. After having $1.37 EPS previously, Regal Beloit Corporation’s analysts see -16.79% EPS growth. The stock increased 0.06% or $0.05 during the last trading session, reaching $78.05. About 172,052 shares traded. Regal Beloit Corporation (NYSE:RBC) has risen 45.93% since January 14, 2017 and is uptrending. It has outperformed by 29.23% the S&P500.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, June 14 by RBC Capital Markets. As per Wednesday, January 20, the company rating was upgraded by Sandler O’Neill. The firm has “Buy” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The rating was maintained by Jefferies on Thursday, September 14 with “Buy”. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, November 29 report. The firm has “Outperform” rating given on Thursday, August 10 by Wells Fargo. Vetr downgraded Bank of America Corporation (NYSE:BAC) rating on Tuesday, August 11. Vetr has “Buy” rating and $18.59 target. On Tuesday, November 15 the stock rating was downgraded by Guggenheim to “Neutral”. The stock has “Buy” rating by Vetr on Monday, August 24. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Monday, October 16. BMO Capital Markets has “Market Perform” rating and $29 target.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 68 investors sold Bank of America Corporation shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Ruggie Group stated it has 0.11% in Bank of America Corporation (NYSE:BAC). Kingfisher Cap Ltd Liability Company stated it has 33,157 shares or 0.56% of all its holdings. Lord Abbett & Communication Limited Company has invested 0.4% in Bank of America Corporation (NYSE:BAC). Mackenzie Fin has invested 1.18% in Bank of America Corporation (NYSE:BAC). Gulf Interest Financial Bank (Uk) Ltd has invested 1.08% of its portfolio in Bank of America Corporation (NYSE:BAC). The Indiana-based First Corp In has invested 0.02% in Bank of America Corporation (NYSE:BAC). Beach Mgmt Lc reported 54,620 shares. Obermeyer Wood Invest Counsel Lllp stated it has 1.88M shares or 4.12% of all its holdings. Franklin Street Advsr Nc holds 20,962 shares. Of Virginia Limited Liability invested in 0.38% or 63,034 shares. Saratoga Research & Inv Management reported 623 shares. Glenview Comml Bank Dept accumulated 27,550 shares. Gluskin Sheff And Inc has invested 5.1% in Bank of America Corporation (NYSE:BAC). Rhumbline Advisers stated it has 0.94% in Bank of America Corporation (NYSE:BAC). Argi Investment Service Limited Liability Corp owns 0.04% invested in Bank of America Corporation (NYSE:BAC) for 26,007 shares.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $2.10 million activity. BRAMBLE FRANK P also sold $2.10 million worth of Bank of America Corporation (NYSE:BAC) shares.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide. The company has market cap of $325.33 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 17.85 P/E ratio. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.01, from 1.22 in 2017Q2. It is positive, as 19 investors sold Regal Beloit Corporation shares while 77 reduced holdings. 34 funds opened positions while 84 raised stakes. 41.24 million shares or 1.00% more from 40.83 million shares in 2017Q2 were reported. Moreover, Victory Mgmt Incorporated has 0.03% invested in Regal Beloit Corporation (NYSE:RBC) for 170,500 shares. Credit Agricole S A stated it has 0% of its portfolio in Regal Beloit Corporation (NYSE:RBC). Kennedy Mgmt Inc reported 376,654 shares. Lsv Asset Management accumulated 232,733 shares. Great West Life Assurance Can stated it has 0.01% in Regal Beloit Corporation (NYSE:RBC). Cornercap Counsel owns 23,895 shares for 0.27% of their portfolio. Millennium Mngmt Limited Liability Company holds 276,254 shares or 0.03% of its portfolio. Tiaa Cref Inv Mgmt Limited Liability Corporation reported 145,866 shares. Arizona State Retirement System accumulated 25,290 shares. South Dakota Invest Council owns 43,700 shares or 0.07% of their US portfolio. Comerica National Bank invested in 0.03% or 47,076 shares. Wealthtrust accumulated 112 shares. Prudential Public Limited Com reported 0% in Regal Beloit Corporation (NYSE:RBC). Wedge Management L L P Nc reported 11,857 shares. 15,364 were reported by Bnp Paribas Arbitrage.

Regal Beloit Corporation, together with its subsidiaries, designs, makes, and sells electric motors, electrical motion controls, power generation and power transmission products worldwide. The company has market cap of $3.46 billion. The Company’s Commercial and Industrial Systems segment provides AC and DC motors, and controls; motors, electronic variable speed controls, and blowers; and starters, contactors, relays, variable frequency drives, and integrated solutions of components. It has a 16.97 P/E ratio. This segment also offers precision stator and rotor kits; hazardous duty motors; and electric generators, automatic transfer switches, power generation and distribution switch gears, and components and system controls.

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 daily email newsletter.