Patrick Sherman Bought 12 shares of First Merchants (FRME) in an Insider Trading; Viacom – Class B (VIAB) Shorts Decreased By 9.54%

April 3, 2018 - By John Hoffman

Viacom, Inc. (NASDAQ:VIAB) Logo

Viacom Inc – Class B (NASDAQ:VIAB) had a decrease of 9.54% in short interest. VIAB’s SI was 21.92 million shares in April as released by FINRA. Its down 9.54% from 24.23M shares previously. With 5.28M avg volume, 4 days are for Viacom Inc – Class B (NASDAQ:VIAB)’s short sellers to cover VIAB’s short positions. The SI to Viacom Inc – Class B’s float is 6.14%. The stock decreased 4.22% or $1.29 during the last trading session, reaching $29.26. About 3.41M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since April 3, 2017 and is downtrending. It has underperformed by 42.20% the S&P500.

Investors sentiment decreased to 0.81 in Q4 2017. Its down 0.54, from 1.35 in 2017Q3. It turned negative, as 20 investors sold First Merchants Corporation shares while 64 reduced holdings. 21 funds opened positions while 47 raised stakes. 33.91 million shares or 0.71% more from 33.67 million shares in 2017Q3 were reported. Mutual Of America Capital Limited Liability Corp invested in 0.07% or 104,302 shares. Citadel Advsr Ltd has invested 0% in First Merchants Corporation (NASDAQ:FRME). Landscape Capital Management Ltd Liability Company holds 9,290 shares. Panagora Asset Mngmt Inc accumulated 327,403 shares. Product Prns Lc invested 0.09% in First Merchants Corporation (NASDAQ:FRME). Raymond James Assocs holds 0% of its portfolio in First Merchants Corporation (NASDAQ:FRME) for 8,052 shares. Brandywine Glob Ltd Liability Co has 0.02% invested in First Merchants Corporation (NASDAQ:FRME) for 91,441 shares. Atlantic Gp Limited Liability holds 0% in First Merchants Corporation (NASDAQ:FRME) or 2,700 shares. Intrust National Bank Na holds 0.35% of its portfolio in First Merchants Corporation (NASDAQ:FRME) for 27,695 shares. Envestnet Asset Management invested in 5,257 shares. Amalgamated Comml Bank reported 5,505 shares. Jpmorgan Chase And holds 500,446 shares or 0% of its portfolio. Bnp Paribas Arbitrage holds 25,887 shares or 0% of its portfolio. Us Savings Bank De holds 0% or 14,916 shares in its portfolio. Retail Bank Of America De reported 0% of its portfolio in First Merchants Corporation (NASDAQ:FRME).

Among 6 analysts covering First Merchants (NASDAQ:FRME), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. First Merchants has $53.0 highest and $27.50 lowest target. $44.25’s average target is 6.47% above currents $41.56 stock price. First Merchants had 16 analyst reports since August 18, 2015 according to SRatingsIntel. The company was maintained on Sunday, January 28 by Piper Jaffray. The stock of First Merchants Corporation (NASDAQ:FRME) earned “Buy” rating by DA Davidson on Wednesday, September 28. The company was upgraded on Friday, January 29 by Stephens. The firm has “Hold” rating given on Thursday, January 25 by Sandler O’Neill. Keefe Bruyette & Woods maintained it with “Buy” rating and $50.0 target in Tuesday, December 12 report. Keefe Bruyette & Woods maintained the shares of FRME in report on Tuesday, October 3 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, June 1. The company was initiated on Friday, October 6 by Piper Jaffray. The firm has “Equal-Weight” rating given on Friday, October 2 by Stephens. DA Davidson initiated the stock with “Buy” rating in Thursday, July 21 report.

Since December 15, 2017, it had 5 insider purchases, and 1 insider sale for $45,368 activity. 3,176 shares were bought by WALKER TERRY L, worth $135,577 on Friday, December 15. $1,682 worth of First Merchants Corporation (NASDAQ:FRME) shares were bought by Lehman Gary. Another trade for 11 shares valued at $479 was bought by Sherman Patrick A. On Monday, February 26 the insider Stewart Michael J sold $94,529.

As reported in a document that’s filled with the SEC on April 03, 2018, Patrick Sherman, director of First Merchants Corp and an insider with a special knowledge about the corporation, made a purchase of 12 shares of the corporation for the total sum of $500 U.S Dollars based on an average price per share of $41.6. It seems he is very active lately as in the last 30 days, he silently acquired additional 12 shares of the company, worth $505 USD. He owns 0.07% of the -company’s market cap or 36,118 shares.

Analysts await First Merchants Corporation (NASDAQ:FRME) to report earnings on April, 26. They expect $0.70 EPS, up 25.00% or $0.14 from last year’s $0.56 per share. FRME’s profit will be $34.68 million for 14.84 P/E if the $0.70 EPS becomes a reality. After $0.61 actual EPS reported by First Merchants Corporation for the previous quarter, Wall Street now forecasts 14.75% EPS growth.

The stock increased 0.75% or $0.31 during the last trading session, reaching $41.56. About 32,849 shares traded. First Merchants Corporation (NASDAQ:FRME) has risen 8.92% since April 3, 2017 and is uptrending. It has underperformed by 2.63% the S&P500.

First Merchants Corporation operates as the financial holding firm for First Merchants Bank that provides community banking services. The company has market cap of $2.06 billion. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. It has a 19.6 P/E ratio. The firm also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services.

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 13 have Buy rating, 0 Sell and 26 Hold. Therefore 33% are positive. Viacom Inc. had 135 analyst reports since August 7, 2015 according to SRatingsIntel. Telsey Advisory Group maintained Viacom, Inc. (NASDAQ:VIAB) rating on Friday, August 26. Telsey Advisory Group has “Market Perform” rating and $47 target. The firm has “Hold” rating given on Thursday, August 3 by BMO Capital Markets. Wunderlich maintained the shares of VIAB in report on Friday, October 21 with “Buy” rating. On Tuesday, February 23 the stock rating was maintained by Atlantic Securities with “Underweight”. The firm earned “Neutral” rating on Friday, August 14 by Citigroup. Deutsche Bank upgraded the stock to “Hold” rating in Monday, November 20 report. The firm has “Outperform” rating given on Tuesday, October 13 by RBC Capital Markets. The firm earned “Buy” rating on Monday, June 12 by J.P. Morgan. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Piper Jaffray on Sunday, September 24. The rating was maintained by Needham with “Hold” on Friday, November 3.

Viacom, Inc. operates as media brand worldwide. The company has market cap of $12.16 billion. The firm creates television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences, and other entertainment content for audiences. It has a 5.84 P/E ratio. It operates through two divisions, Media Networks and Filmed Entertainment.

First Merchants Corporation (NASDAQ:FRME) Institutional Positions Chart