Park National Raised Its Bank Of America (BAC) Stake; Clearfield (CLFD)’s Sentiment Is 1.67

March 11, 2018 - By John Hoffman

Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises , large enterprises, and original equipment manufacturers markets in the United States. The company has market cap of $182.29 million. The firm offers Clearview cassette, a main building block of the companyÂ’s product platform; Clearview Classic and Clearview Blue, a system with five parts that nest together in the cassetteÂ’s main housing to support a range of applications; Clearview xPAK to land small port count fiber terminations and optical components; and fiber deep for cable-to-cable deployment, as well as packages optical components for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform. It has a 45.52 P/E ratio. The Company’s products also include Fieldsmart Fiber Crossover Distribution System and FieldSmart FxHD for fiber management modularity and scalability; FieldSmart Fiber Scalability Center, a modular and scalable outside plant cabinet that allows rollout of FTTP services; FieldSmart Fiber Delivery Point, a series of enclosure systems that incorporates the delivery of fiber connectivity to the neighborhood or business district; and FieldSmart Small Count Delivery, an enclosure systems that are packaged to make landing small count fiber cost-effective and efficient.

Park National Corp increased Bank Of America Corp (BAC) stake by 2.89% reported in 2017Q3 SEC filing. Park National Corp acquired 25,202 shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The Park National Corp holds 896,822 shares with $22.73M value, up from 871,620 last quarter. Bank Of America Corp now has $335.17B valuation. The stock increased 1.61% or $0.52 during the last trading session, reaching $32.72. About 73.89M shares traded or 0.23% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 11, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

The stock decreased 2.58% or $0.35 during the last trading session, reaching $13.2. About 52,370 shares traded or 48.50% up from the average. Clearfield, Inc. (CLFD) has declined 19.57% since March 11, 2017 and is downtrending. It has underperformed by 36.27% the S&P500.

Analysts await Clearfield, Inc. (NASDAQ:CLFD) to report earnings on April, 26. They expect $0.03 earnings per share, down 57.14% or $0.04 from last year’s $0.07 per share. CLFD’s profit will be $414,302 for 110.00 P/E if the $0.03 EPS becomes a reality. After $0.07 actual earnings per share reported by Clearfield, Inc. for the previous quarter, Wall Street now forecasts -57.14% negative EPS growth.

Since January 1, 0001, it had 1 insider buy, and 0 sales for $12,650 activity.

Thomson Horstmann & Bryant Inc holds 0.85% of its portfolio in Clearfield, Inc. for 456,799 shares. Concourse Capital Management Llc owns 16,635 shares or 0.11% of their US portfolio. Moreover, Wcm Investment Management Ca has 0.03% invested in the company for 200,015 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Renaissance Technologies Llc, a New York-based fund reported 518,299 shares.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.15, from 1.04 in 2017Q2. It improved, as 68 investors sold BAC 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. Massachusetts-based Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma has invested 0.02% in Bank of America Corporation (NYSE:BAC). Argent Trust holds 161,048 shares. Gideon Advisors owns 88,016 shares for 2.2% of their portfolio. British Columbia Investment Mgmt stated it has 0.94% in Bank of America Corporation (NYSE:BAC). Country Comml Bank owns 0% invested in Bank of America Corporation (NYSE:BAC) for 515 shares. Investec Asset Management Ltd has 17.78 million shares for 1.98% of their portfolio. Michigan-based Seizert Prns Ltd Limited Liability Company has invested 2.08% in Bank of America Corporation (NYSE:BAC). 47,711 were reported by Lakeview Capital Prtn Llc. Asset Strategies invested 0.34% of its portfolio in Bank of America Corporation (NYSE:BAC). Teewinot Advisers Llc owns 590,756 shares or 6.73% of their US portfolio. The Georgia-based Signaturefd Limited Liability Company has invested 0.14% in Bank of America Corporation (NYSE:BAC). Kentucky Retirement Systems Fund holds 1.18% in Bank of America Corporation (NYSE:BAC) or 263,151 shares. Gardner Russo & Gardner Ltd Liability holds 0.01% or 46,975 shares in its portfolio. Folger Nolan Fleming Douglas Capital Management holds 0.13% in Bank of America Corporation (NYSE:BAC) or 34,038 shares. Stelac Advisory Service Ltd Liability Com holds 0.43% or 57,078 shares in its portfolio.

Park National Corp decreased Accenture Plc Ireland Shares C (NYSE:ACN) stake by 3,055 shares to 36,726 valued at $4.96M in 2017Q3. It also reduced Flexshares Global Quality Real (GQRE) stake by 7,965 shares and now owns 17,071 shares. Comcast Corporation Class A (N (NASDAQ:CMCSA) was reduced too.

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