Basic Energy Services, Inc. (BAS)’s SVP – CFO – Secretary – Treasurer Alan Krenek Unloaded 300 Shares; Cambiar Investors Cut First Midwest Bancorp Del (FMBI) Stake By $3.05 Million

April 11, 2018 - By John Hoffman

First Midwest Bancorp, Inc. (NASDAQ:FMBI) Logo

Cambiar Investors Llc decreased First Midwest Bancorp Del (FMBI) stake by 24.69% reported in 2017Q4 SEC filing. Cambiar Investors Llc sold 127,103 shares as First Midwest Bancorp Del (FMBI)’s stock declined 1.02%. The Cambiar Investors Llc holds 387,595 shares with $9.31M value, down from 514,698 last quarter. First Midwest Bancorp Del now has $2.53 billion valuation. The stock decreased 1.05% or $0.26 during the last trading session, reaching $24.54. About 373,935 shares traded. First Midwest Bancorp, Inc. (NASDAQ:FMBI) has risen 6.24% since April 11, 2017 and is uptrending. It has underperformed by 5.31% the S&P500.

Investors sentiment decreased to 1.12 in Q4 2017. Its down 0.45, from 1.57 in 2017Q3. It dived, as 17 investors sold FMBI shares while 56 reduced holdings. 19 funds opened positions while 63 raised stakes. 84.55 million shares or 2.14% more from 82.77 million shares in 2017Q3 were reported. First Mercantile Trust owns 11,733 shares. Eaton Vance has 66,805 shares for 0% of their portfolio. Raymond James And Associate holds 0% or 52,193 shares. 904,833 were accumulated by Geode Cap Limited Liability Corporation. Aperio Group Ltd Llc holds 34,800 shares or 0% of its portfolio. Strs Ohio reported 200,200 shares. D E Shaw And Company stated it has 243,776 shares. Icon Advisers reported 54,827 shares or 0.09% of all its holdings. Millennium Management Lc has invested 0.07% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Segall Bryant And Hamill reported 15,951 shares. Assetmark Incorporated reported 101 shares. Johnson Fincl Grp owns 1,171 shares. North Carolina-based Piedmont Inv Advsr Ltd Liability has invested 0.01% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Highlander Capital Management Lc holds 4,250 shares. New York-based Morgan Stanley has invested 0% in First Midwest Bancorp, Inc. (NASDAQ:FMBI).

Analysts await First Midwest Bancorp, Inc. (NASDAQ:FMBI) to report earnings on April, 24. They expect $0.39 earnings per share, up 14.71% or $0.05 from last year’s $0.34 per share. FMBI’s profit will be $40.18M for 15.73 P/E if the $0.39 EPS becomes a reality. After $0.34 actual earnings per share reported by First Midwest Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.71% EPS growth.

Since December 15, 2017, it had 0 buys, and 8 sales for $5.33 million activity. $1.23 million worth of stock was sold by OMEARA ROBERT P on Friday, December 15. On Tuesday, March 6 the insider SCUDDER MICHAEL L sold $220,466. MCDONNELL PATRICK J had sold 25,392 shares worth $657,145. $1.11M worth of stock was sold by Sander Mark G on Wednesday, March 7. Shares for $1.10M were sold by VANDERWOUDE J STEPHEN on Thursday, March 8.

Among 9 analysts covering First Midwest Bancorp (NASDAQ:FMBI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. First Midwest Bancorp had 21 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of First Midwest Bancorp, Inc. (NASDAQ:FMBI) earned “Hold” rating by Sandler O’Neill on Wednesday, January 3. The firm has “Overweight” rating by PiperJaffray given on Monday, July 24. The firm earned “Hold” rating on Tuesday, October 3 by Keefe Bruyette & Woods. The stock has “Buy” rating by Jefferies on Friday, October 20. On Friday, October 9 the stock rating was initiated by Stephens with “Overweight”. Macquarie Research initiated the stock with “Neutral” rating in Friday, May 13 report. Piper Jaffray maintained it with “Buy” rating and $28.0 target in Friday, December 1 report. As per Friday, September 15, the company rating was maintained by Jefferies. Jefferies maintained First Midwest Bancorp, Inc. (NASDAQ:FMBI) on Thursday, December 7 with “Buy” rating. As per Monday, January 8, the company rating was maintained by SunTrust.

Cambiar Investors Llc increased Hsbc Hldgs Plc (NYSE:HSBC) stake by 32,692 shares to 4.55M valued at $235.11 million in 2017Q4. It also upped Valvoline Inc stake by 60,417 shares and now owns 388,908 shares. Vanguard Tax Managed Intl Fd (VEA) was raised too.

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. The company has market cap of $391.19 million. The Company’s Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. It currently has negative earnings. This segment operates 281 pumping units; and 47 air compressor packages.

Yesterday, the SVP – CFO – Secretary – Treasurer of Basic Energy Services Inc, Mr. Alan Krenek, unloaded number of shares – 300, amounting to $4,105 US Dollars, based on an average price of $13.7 for a share. He also unloaded 300 shares with a total value of about $4,981 USD in the last month. At the moment, Alan Krenek owns 49,552 shares which are about 0.19% of the company’s total market capitalization.

The stock increased 2.12% or $0.31 during the last trading session, reaching $14.92. About 579,332 shares traded or 12.50% up from the average. Basic Energy Services, Inc. (NYSE:BAS) has declined 53.60% since April 11, 2017 and is downtrending. It has underperformed by 65.15% the S&P500.

Analysts await Basic Energy Services, Inc. (NYSE:BAS) to report earnings on April, 19. They expect $-0.38 EPS, up 56.32% or $0.49 from last year’s $-0.87 per share. After $-0.55 actual EPS reported by Basic Energy Services, Inc. for the previous quarter, Wall Street now forecasts -30.91% EPS growth.

Among 20 analysts covering Basic Energy Services (NYSE:BAS), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. Basic Energy Services has $51 highest and $1.50 lowest target. $11.96’s average target is -19.84% below currents $14.92 stock price. Basic Energy Services had 50 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Thursday, March 30 with “Hold”. Seaport Global downgraded the stock to “Neutral” rating in Wednesday, June 21 report. The company was upgraded on Thursday, March 30 by Seaport Global. Macquarie Research upgraded Basic Energy Services, Inc. (NYSE:BAS) on Tuesday, August 9 to “Neutral” rating. Piper Jaffray maintained it with “Hold” rating and $26.5000 target in Monday, July 10 report. The firm has “Buy” rating by Seaport Global given on Wednesday, December 20. The firm has “Accumulate” rating given on Wednesday, September 9 by Tudor Pickering. On Wednesday, September 30 the stock rating was maintained by Imperial Capital with “In-Line”. The stock has “Accumulate” rating by Johnson Rice on Thursday, December 29. The firm has “Hold” rating given on Thursday, September 7 by Piper Jaffray.

First Midwest Bancorp, Inc. (NASDAQ:FMBI) Institutional Positions Chart