Meritage Portfolio Management Has Upped By $1.19 Million Its Intl Business Machines (IBM) Position; Shorts at Sussex Bancorp (SBBX) Lowered By 1.11%

February 15, 2018 - By Darrin Black

Meritage Portfolio Management increased Intl Business Machines (IBM) stake by 24.56% reported in 2017Q3 SEC filing. Meritage Portfolio Management acquired 8,216 shares as Intl Business Machines (IBM)’s stock declined 15.88%. The Meritage Portfolio Management holds 41,666 shares with $6.05M value, up from 33,450 last quarter. Intl Business Machines now has $143.28B valuation. The stock increased 2.66% or $4.01 during the last trading session, reaching $154.76. About 5.48M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 15, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Sussex Bancorp (NASDAQ:SBBX) had a decrease of 1.11% in short interest. SBBX’s SI was 205,800 shares in February as released by FINRA. Its down 1.11% from 208,100 shares previously. With 7,100 avg volume, 29 days are for Sussex Bancorp (NASDAQ:SBBX)’s short sellers to cover SBBX’s short positions. The SI to Sussex Bancorp’s float is 6.57%. The stock increased 1.76% or $0.5 during the last trading session, reaching $28.9. About 5,492 shares traded. Sussex Bancorp (NASDAQ:SBBX) has risen 89.35% since February 15, 2017 and is uptrending. It has outperformed by 72.65% the S&P500.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $179 target in Tuesday, October 18 report. The firm has “Buy” rating given on Thursday, January 18 by Bank of America. The firm earned “Hold” rating on Wednesday, July 19 by UBS. As per Tuesday, October 18, the company rating was maintained by Goldman Sachs. Bernstein maintained it with “Market Perform” rating and $135 target in Tuesday, April 19 report. The company was initiated on Tuesday, April 4 by Berenberg. Berenberg maintained International Business Machines Corporation (NYSE:IBM) on Friday, January 19 with “Sell” rating. The firm has “Neutral” rating by UBS given on Tuesday, October 20. As per Tuesday, July 19, the company rating was maintained by Citigroup. The rating was maintained by KeyBanc Capital Markets on Wednesday, July 19 with “Hold”.

Since January 31, 2018, it had 1 buy, and 0 selling transactions for $99,659 activity. $99,659 worth of stock was bought by WADDELL FREDERICK H on Wednesday, January 31.

Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Pennsylvania Tru Comm holds 77,657 shares. Bedrijfstakpensioenfonds Voor De Media Pno holds 0.41% or 25,350 shares in its portfolio. Avalon Advsr Ltd Liability Co, a Texas-based fund reported 55,830 shares. Greatmark Investment Ptnrs reported 1,481 shares stake. Signaturefd invested in 0.18% or 9,571 shares. Gm Advisory Grp Incorporated has invested 0.1% in International Business Machines Corporation (NYSE:IBM). Qci Asset New York holds 0.02% or 1,254 shares. Moreover, Schulhoff And has 1.15% invested in International Business Machines Corporation (NYSE:IBM) for 13,384 shares. Iberiabank Corporation holds 3,210 shares. Vident Inv Advisory Limited Liability Corp has invested 0.07% in International Business Machines Corporation (NYSE:IBM). Moreover, Orrstown Svcs has 0.04% invested in International Business Machines Corporation (NYSE:IBM). Ifc Fl reported 4,834 shares. Beach Investment Counsel Incorporated Pa has invested 0.12% in International Business Machines Corporation (NYSE:IBM). Advisory Ser invested 0.16% of its portfolio in International Business Machines Corporation (NYSE:IBM). Vista, a Oregon-based fund reported 1,638 shares.

Since December 13, 2017, it had 0 insider purchases, and 1 sale for $31,558 activity. Another trade for 1,199 shares valued at $31,558 was sold by Musacchio Sergio Enzo.

Among 2 analysts covering Sussex Bancorp (NASDAQ:SBBX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sussex Bancorp had 7 analyst reports since January 14, 2016 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, June 19. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Outperform” rating given on Friday, July 29 by Hovde Group. The stock of Sussex Bancorp (NASDAQ:SBBX) earned “Outperform” rating by Keefe Bruyette & Woods on Thursday, January 14. As per Thursday, July 27, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Hovde Group on Thursday, February 8 with “Buy”.

Sussex Bancorp operates as a bank holding firm for Sussex Bank that provides commercial banking and related financial services to individual, business, and government customers. The company has market cap of $172.09 million. It operates through two divisions, Banking and Financial Services; and Insurance Services. It has a 27.52 P/E ratio. The companyÂ’s deposit products include personal and business checking accounts, time deposits, money market accounts, savings accounts, NOW accounts, and demand deposits.

Investors sentiment decreased to 1 in 2017 Q3. Its down 3.00, from 4 in 2017Q2. It worsened, as 4 investors sold Sussex Bancorp shares while 9 reduced holdings. 4 funds opened positions while 9 raised stakes. 3.26 million shares or 48.67% less from 6.35 million shares in 2017Q2 were reported. 9,750 are held by Alpine Woods Capital Investors Ltd Liability Corp. 139,807 are owned by Alliancebernstein Lp. New Jersey-based Seidman Lawrence B has invested 5.06% in Sussex Bancorp (NASDAQ:SBBX). Biondo Inv Ltd Company, a Pennsylvania-based fund reported 52,000 shares. Clover Prns Limited Partnership, Texas-based fund reported 456,901 shares. Macquarie Grp Limited accumulated 877 shares. Emerald Mutual Fund Advisers Trust reported 0.18% stake. Stieven Advsrs L P owns 153,348 shares for 0.69% of their portfolio. Vanguard Gp accumulated 112,579 shares. Pnc Services Grp holds 0% or 28,754 shares. Pl Capital Advisors Limited Co accumulated 102,882 shares. Fny Managed Accounts Ltd Com reported 3,200 shares. Blackrock holds 0% or 17,528 shares. Rmb Capital Mgmt Limited Liability stated it has 241,000 shares. Federated Inc Pa accumulated 151 shares.

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