Park National Raised Its General Electric Company (GE) Holding; Shorts at Stewardship Financial (SSFN) Lowered By 7.14%

April 13, 2018 - By Danny Collins

Stewardship Financial Corporation (NASDAQ:SSFN) Logo

Park National Corp increased General Electric Company (GE) stake by 5.16% reported in 2017Q4 SEC filing. Park National Corp acquired 46,591 shares as General Electric Company (GE)’s stock declined 23.20%. The Park National Corp holds 949,512 shares with $16.57 million value, up from 902,921 last quarter. General Electric Company now has $114.45 billion valuation. The stock increased 1.62% or $0.21 during the last trading session, reaching $13.18. About 63.63M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 13, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Stewardship Financial Corp (NASDAQ:SSFN) had a decrease of 7.14% in short interest. SSFN’s SI was 2,600 shares in April as released by FINRA. Its down 7.14% from 2,800 shares previously. With 2,000 avg volume, 1 days are for Stewardship Financial Corp (NASDAQ:SSFN)’s short sellers to cover SSFN’s short positions. The SI to Stewardship Financial Corp’s float is 0.04%. It closed at $11.35 lastly. It is down 27.01% since April 13, 2017 and is uptrending. It has outperformed by 15.46% the S&P500.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company has $67 highest and $1100 lowest target. $25.35’s average target is 92.34% above currents $13.18 stock price. General Electric Company had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by UBS on Monday, October 23 to “Neutral”. Oppenheimer downgraded General Electric Company (NYSE:GE) on Monday, September 21 to “Perform” rating. The firm has “Market Perform” rating by Bernstein given on Tuesday, July 26. The firm has “Outperform” rating by Bernstein given on Friday, December 16. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Monday, July 17. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 25 report. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 30 report. Citigroup maintained the shares of GE in report on Monday, October 23 with “Buy” rating. The firm has “Outperform” rating by William Blair given on Tuesday, October 13. The firm has “Positive” rating by RBC Capital Markets given on Thursday, March 23.

Park National Corp decreased Charles Schwab Corporation (NYSE:SCHW) stake by 69,692 shares to 29,594 valued at $1.52 million in 2017Q4. It also reduced Chevron Corp (NYSE:CVX) stake by 13,702 shares and now owns 247,528 shares. Lilly (Eli) & Company (NYSE:LLY) was reduced too.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It worsened, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Brown Advisory Securities Ltd Liability Company reported 167,103 shares. 696,109 are held by Bradley Foster And Sargent Inc Ct. Norinchukin National Bank The has 1.72 million shares for 0.53% of their portfolio. Northstar Asset Management Limited Liability Corporation stated it has 0.17% of its portfolio in General Electric Company (NYSE:GE). Cap Fund Management reported 684,792 shares. 19,107 are owned by Capstone Inv Advsrs Ltd. Washington-based Coldstream Management Inc has invested 0.08% in General Electric Company (NYSE:GE). Utah Retirement owns 0.59% invested in General Electric Company (NYSE:GE) for 1.62M shares. Ancora Advsr Lc holds 0.11% or 115,491 shares. Moody Commercial Bank Tru Division holds 100,452 shares or 0.08% of its portfolio. Beacon Mngmt Inc owns 286 shares. Consulate invested in 1.41% or 158,453 shares. Cypress Asset Mngmt Tx holds 284,098 shares or 1.07% of its portfolio. Bbva Compass Bank & Trust stated it has 138,178 shares or 0.15% of all its holdings. Royal Bancorp Of Canada has 0.23% invested in General Electric Company (NYSE:GE).

Since January 26, 2018, it had 1 insider buy, and 0 selling transactions for $43,446 activity. 2,689 shares valued at $43,446 were bought by DIMITRIEF ALEXANDER on Friday, January 26.

Investors sentiment increased to 1.5 in Q4 2017. Its up 0.64, from 0.86 in 2017Q3. It increased, as 1 investors sold Stewardship Financial Corporation shares while 3 reduced holdings. 3 funds opened positions while 3 raised stakes. 1.59 million shares or 2.32% more from 1.55 million shares in 2017Q3 were reported. Morgan Stanley stated it has 1 shares. Highlander Management Ltd Liability Corp reported 0.08% in Stewardship Financial Corporation (NASDAQ:SSFN). 34,000 were accumulated by Rothschild Investment Il. The Missouri-based Eidelman Virant Capital has invested 0.65% in Stewardship Financial Corporation (NASDAQ:SSFN). Royal Fincl Bank Of Canada invested in 600 shares. Punch Associate Invest Management stated it has 0.04% of its portfolio in Stewardship Financial Corporation (NASDAQ:SSFN). 1,350 were reported by Carroll Assocs Incorporated. Modera Wealth Mngmt Ltd Com reported 18,702 shares stake. Blackrock Inc owns 4,809 shares for 0% of their portfolio. Basswood Management Ltd Liability Company invested in 446,832 shares. Jacobs Asset Mngmt Ltd owns 414,500 shares. The Germany-based Deutsche Bank & Trust Ag has invested 0% in Stewardship Financial Corporation (NASDAQ:SSFN). 300,000 are held by Emerald Mutual Fund Advisers Trust.

Stewardship Financial Corporation operates as the bank holding firm for Atlantic Stewardship Bank that provides various commercial and retail banking services and products for small and medium-sized businesses, professionals, and individuals. The company has market cap of $98.46 million. The firm offers various deposits, such as personal and business checking accounts, time deposits, money market accounts, regular savings accounts, certificates of deposit, and term certificate accounts. It has a 22.75 P/E ratio. It also offers various loans consisting of commercial, consumer, residential real estate, home equity, personal, installment, construction, automobile, home improvement, and unsecured loans.

General Electric Company (NYSE:GE) Institutional Positions Chart