Ledyard National Bank Increased Its Keycorp New (KEY) Holding; First Bancorp (FBNC)’s Sentiment Is 1.06

January 22, 2018 - By Annabelle Johnson

Ledyard National Bank increased Keycorp New (KEY) stake by 9.79% reported in 2017Q3 SEC filing. Ledyard National Bank acquired 25,934 shares as Keycorp New (KEY)’s stock declined 6.49%. The Ledyard National Bank holds 290,729 shares with $5.47 million value, up from 264,795 last quarter. Keycorp New now has $22.76B valuation. The stock increased 1.63% or $0.34 during the last trading session, reaching $21.16. About 13.61 million shares traded or 33.49% up from the average. KeyCorp (NYSE:KEY) has risen 43.10% since January 22, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

First Bancorp operates as the bank holding firm for First Bank that provides banking services and products for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. The company has market cap of $1.10 billion. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposits and individual retirement accounts. It has a 21.29 P/E ratio. The firm also offers loans for a range of consumer and commercial purposes comprising loans for business, agriculture, real estate, personal uses, home improvement, and automobiles.

The stock increased 1.93% or $0.7 during the last trading session, reaching $36.93. About 83,906 shares traded. First Bancorp (FBNC) has risen 47.69% since January 22, 2017 and is uptrending. It has outperformed by 30.99% the S&P500.

Since January 1, 0001, it had 1 buy, and 0 sales for $99,180 activity.

Analysts await First Bancorp (NASDAQ:FBNC) to report earnings on January, 25. They expect $0.53 earnings per share, up 32.50% or $0.13 from last year’s $0.4 per share. FBNC’s profit will be $15.71 million for 17.42 P/E if the $0.53 EPS becomes a reality. After $0.53 actual earnings per share reported by First Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Jcsd Capital Llc holds 5.76% of its portfolio in First Bancorp for 177,006 shares. Stieven Capital Advisors L.P. owns 502,625 shares or 3.28% of their US portfolio. Moreover, Fsi Group Llc has 3.04% invested in the company for 124,600 shares. The Massachusetts-based Castine Capital Management Llc has invested 2.87% in the stock. Mendon Capital Advisors Corp, a New York-based fund reported 766,475 shares.

Since August 4, 2017, it had 0 insider purchases, and 5 selling transactions for $5.15 million activity. Paine Andrew J III had sold 46,854 shares worth $869,610. 2,758 KeyCorp (NYSE:KEY) shares with value of $51,122 were sold by Harris Paul N. Brady Amy G. also sold $331,560 worth of KeyCorp (NYSE:KEY) shares. $92,400 worth of stock was sold by Mago Angela G on Tuesday, August 8.

Ledyard National Bank decreased Ishares Us Oil Equipment & Services Etf (IEZ) stake by 56,035 shares to 25,570 valued at $904,000 in 2017Q3. It also reduced Vanguard Energy Etf (VDE) stake by 16,165 shares and now owns 82,324 shares. Flexshares Iboxx 3 Yr Tgt Tips Etf (TDTT) was reduced too.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.08, from 1.18 in 2017Q2. It fall, as 46 investors sold KEY shares while 196 reduced holdings. 67 funds opened positions while 200 raised stakes. 841.58 million shares or 1.81% less from 857.12 million shares in 2017Q2 were reported. Amer Century Cos reported 34,480 shares or 0% of all its holdings. Nomura Asset Mgmt Limited reported 0.04% in KeyCorp (NYSE:KEY). Reliance Communications Of Delaware reported 34,509 shares. Amalgamated Savings Bank has invested 0.07% in KeyCorp (NYSE:KEY). Northpointe Capital Limited Liability Corporation holds 0.33% of its portfolio in KeyCorp (NYSE:KEY) for 161,882 shares. Cornercap Investment Counsel holds 27,960 shares or 0.07% of its portfolio. Cap Fund Sa invested in 0.14% or 1.04 million shares. Folger Nolan Fleming Douglas invested 0.03% in KeyCorp (NYSE:KEY). Regions Fincl Corp owns 53,798 shares for 0.01% of their portfolio. Guggenheim Cap Limited Liability stated it has 3.64 million shares. Moreover, Metropolitan Life Ins Ny has 0.06% invested in KeyCorp (NYSE:KEY) for 514,871 shares. 27,965 are held by Cleararc Capital. Pinebridge Investments Limited Partnership holds 576,896 shares or 0.26% of its portfolio. Nordea Inv holds 225,695 shares or 0.01% of its portfolio. Meiji Yasuda Asset reported 0.08% stake.

Among 33 analysts covering Keycorp (NYSE:KEY), 20 have Buy rating, 2 Sell and 11 Hold. Therefore 61% are positive. Keycorp had 107 analyst reports since July 20, 2015 according to SRatingsIntel. As per Monday, August 22, the company rating was maintained by Citigroup. Piper Jaffray maintained the stock with “Buy” rating in Thursday, July 20 report. The stock has “Buy” rating by FBR Capital on Thursday, July 20. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by BMO Capital Markets on Thursday, January 18. The firm has “Buy” rating given on Monday, August 14 by Keefe Bruyette & Woods. Keefe Bruyette & Woods downgraded the shares of KEY in report on Tuesday, November 29 to “Mkt Perform” rating. As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods. The company was upgraded on Friday, February 5 by UBS. On Friday, April 21 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Underperform” rating given on Monday, December 5 by CLSA.