Wasatch Advisors Has Lowered Its Barnes & Noble (BKS) Stake; Elizabeth Park Capital Advisors LTD Cut Its Preferred Bank (PFBC) Holding

August 30, 2017 - By Hazel Jackson

Wasatch Advisors Inc decreased Barnes & Noble Inc. (BKS) stake by 64.64% reported in 2016Q4 SEC filing. Wasatch Advisors Inc sold 195,000 shares as Barnes & Noble Inc. (BKS)’s stock declined 33.81%. The Wasatch Advisors Inc holds 106,685 shares with $1.19M value, down from 301,685 last quarter. Barnes & Noble Inc. now has $539.13M valuation. The stock declined 2.94% or $0.22 reaching $7.43 per share. About 294,456 shares traded. Barnes & Noble, Inc. (NYSE:BKS) has declined 38.50% since August 30, 2016 and is downtrending. It has underperformed by 55.20% the S&P500.

Elizabeth Park Capital Advisors Ltd decreased Preferred Bank (PFBC) stake by 52.38% reported in 2016Q4 SEC filing. Elizabeth Park Capital Advisors Ltd sold 153,590 shares as Preferred Bank (PFBC)’s stock declined 12.87%. The Elizabeth Park Capital Advisors Ltd holds 139,616 shares with $7.32M value, down from 293,206 last quarter. Preferred Bank now has $770.64 million valuation. The stock rose 0.40% or $0.22 reaching $54.31. About 38,266 shares traded. Preferred Bank (NASDAQ:PFBC) has risen 58.29% since August 30, 2016 and is uptrending. It has outperformed by 41.59% the S&P500.

Investors sentiment increased to 1.48 in Q4 2016. Its up 0.43, from 1.05 in 2016Q3. It is positive, as 19 investors sold BKS shares while 47 reduced holdings. 35 funds opened positions while 46 raised stakes. 52.04 million shares or 0.65% more from 51.71 million shares in 2016Q3 were reported. Quantitative Mgmt Ltd Liability reported 0.02% stake. Markston Ltd Liability Corp has 150 shares. Blackrock Fund, California-based fund reported 4.76M shares. Hanson Doremus Investment accumulated 45,890 shares or 0% of the stock. Bank & Trust Of America De has invested 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). State Of Tennessee Treasury Department reported 0% in Barnes & Noble, Inc. (NYSE:BKS). The Arizona-based Arizona State Retirement System has invested 0% in Barnes & Noble, Inc. (NYSE:BKS). United Kingdom-based Ahl Llp has invested 0.01% in Barnes & Noble, Inc. (NYSE:BKS). Blackrock Inv Ltd holds 330,100 shares. Prelude Cap Llc invested 0.02% in Barnes & Noble, Inc. (NYSE:BKS). Public Employees Retirement Association Of Colorado holds 0% in Barnes & Noble, Inc. (NYSE:BKS) or 16,416 shares. 14,680 are held by Petrus Co Lta. Jpmorgan Chase & Co reported 20,390 shares. Robeco Institutional Asset Bv invested in 0.02% or 209,450 shares. Schwab Charles Invest Mgmt Incorporated owns 481,560 shares.

Wasatch Advisors Inc increased World Fuel Services Corp. (NYSE:INT) stake by 87,675 shares to 210,839 valued at $9.68 million in 2016Q4. It also upped Siteone Landscape Supply Inc. stake by 28,000 shares and now owns 62,000 shares. Novadaq Technologies Inc. (NASDAQ:NVDQ) was raised too.

Analysts await Barnes & Noble, Inc. (NYSE:BKS) to report earnings on September, 14. They expect $-0.14 EPS, down 100.00% or $0.07 from last year’s $-0.07 per share. After $-0.19 actual EPS reported by Barnes & Noble, Inc. for the previous quarter, Wall Street now forecasts -26.32% EPS growth.

Among 5 analysts covering Barnes & Noble Inc. (NYSE:BKS), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Barnes & Noble Inc. had 8 analyst reports since July 27, 2015 according to SRatingsIntel. As per Monday, October 12, the company rating was initiated by Gabelli. Craig Hallum initiated the stock with “Buy” rating in Monday, July 27 report. The rating was upgraded by ValuEngine on Friday, May 26 to “Buy”. Gabelli downgraded Barnes & Noble, Inc. (NYSE:BKS) on Wednesday, August 17 to “Hold” rating. The company was initiated on Thursday, August 18 by Sidoti. Cantor Fitzgerald initiated Barnes & Noble, Inc. (NYSE:BKS) rating on Wednesday, October 7. Cantor Fitzgerald has “Buy” rating and $19 target. The firm earned “Hold” rating on Friday, September 4 by Stifel Nicolaus.

Among 3 analysts covering Preferred Bank (NASDAQ:PFBC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Preferred Bank had 10 analyst reports since August 25, 2015 according to SRatingsIntel. FBR Capital maintained it with “Outperform” rating and $39 target in Friday, July 22 report. Stephens maintained it with “Buy” rating and $6200 target in Monday, July 10 report. The rating was maintained by Stephens with “Buy” on Thursday, July 20. The stock of Preferred Bank (NASDAQ:PFBC) has “Outperform” rating given on Friday, July 1 by FBR Capital. The firm earned “Outperform” rating on Monday, October 5 by Raymond James. The rating was maintained by FBR Capital on Monday, January 23 with “Outperform”. The firm has “Outperform” rating by Raymond James given on Tuesday, August 25. The rating was maintained by Stephens on Monday, June 26 with “Hold”. The firm earned “Buy” rating on Wednesday, July 19 by FBR Capital.