Smith Asset Management Group LP Has Raised Worthington Industries (WOR) Holding by $1.50 Million as Stock Price Declined; Castine Capital Management Decreased Community Bankers Tr (ESXB) Holding by $1.43 Million as Market Valuation Declined

January 17, 2018 - By Darrin Black

Castine Capital Management Llc decreased its stake in Community Bankers Tr Corp (ESXB) by 9.45% based on its latest 2017Q3 regulatory filing with the SEC. Castine Capital Management Llc sold 159,433 shares as the company’s stock declined 1.88% while stock markets rallied. The institutional investor held 1.53 million shares of the major banks company at the end of 2017Q3, valued at $14.06 million, down from 1.69 million at the end of the previous reported quarter. Castine Capital Management Llc who had been investing in Community Bankers Tr Corp for a number of months, seems to be less bullish one the $180.79 million market cap company. The stock decreased 0.61% or $0.05 during the last trading session, reaching $8.2. About 56,356 shares traded or 61.62% up from the average. Community Bankers Trust Corporation (NASDAQ:ESXB) has risen 53.92% since January 17, 2017 and is uptrending. It has outperformed by 37.22% the S&P500.

Smith Asset Management Group Lp increased its stake in Worthington Industries (WOR) by 114.11% based on its latest 2017Q3 regulatory filing with the SEC. Smith Asset Management Group Lp bought 33,230 shares as the company’s stock declined 16.41% while stock markets rallied. The hedge fund held 62,350 shares of the capital goods company at the end of 2017Q3, valued at $2.87M, up from 29,120 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Worthington Industries for a number of months, seems to be bullish on the $2.87B market cap company. The stock decreased 0.92% or $0.44 during the last trading session, reaching $47.31. About 563,124 shares traded or 27.64% up from the average. Worthington Industries, Inc. (NYSE:WOR) has risen 17.54% since January 17, 2017 and is uptrending. It has outperformed by 0.84% the S&P500.

Investors sentiment decreased to 1.5 in 2017 Q3. Its down 0.39, from 1.89 in 2017Q2. It dropped, as 3 investors sold ESXB shares while 17 reduced holdings. 10 funds opened positions while 20 raised stakes. 12.68 million shares or 2.24% more from 12.41 million shares in 2017Q2 were reported. 1.50M are owned by Ejf Lc. Davenport And Ltd Liability Corp owns 28,538 shares for 0% of their portfolio. Thompson Davis & Com reported 1,500 shares. 39,000 are owned by Wedge Mgmt L Limited Partnership Nc. Ameritas Prns has invested 0% in Community Bankers Trust Corporation (NASDAQ:ESXB). Grp Incorporated Incorporated invested 0% of its portfolio in Community Bankers Trust Corporation (NASDAQ:ESXB). Rhumbline Advisers has 0% invested in Community Bankers Trust Corporation (NASDAQ:ESXB) for 21,315 shares. Wellington Mngmt Ltd Liability Partnership has 0% invested in Community Bankers Trust Corporation (NASDAQ:ESXB). Macquarie holds 0% or 41,214 shares. Citigroup accumulated 9,220 shares or 0% of the stock. New York State Common Retirement Fund holds 0% of its portfolio in Community Bankers Trust Corporation (NASDAQ:ESXB) for 11,600 shares. Sei Invests Communication holds 0% of its portfolio in Community Bankers Trust Corporation (NASDAQ:ESXB) for 188 shares. Vanguard Group has 0% invested in Community Bankers Trust Corporation (NASDAQ:ESXB). Castine Cap Management Limited Liability Corporation holds 1.53 million shares or 5.19% of its portfolio. Heritage Wealth holds 56,300 shares or 0.26% of its portfolio.

Among 5 analysts covering Community Bankers Trust Corp. (NASDAQ:ESXB), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Community Bankers Trust Corp. had 14 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was maintained by Brean Capital on Monday, October 30 with “Buy”. The stock of Community Bankers Trust Corporation (NASDAQ:ESXB) earned “Hold” rating by TheStreet on Tuesday, September 22. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods initiated it with “Outperform” rating and $6.25 target in Monday, October 19 report. The stock of Community Bankers Trust Corporation (NASDAQ:ESXB) earned “Buy” rating by Brean Capital on Friday, December 1. The stock of Community Bankers Trust Corporation (NASDAQ:ESXB) earned “Overweight” rating by Stephens on Friday, January 8. The stock has “Buy” rating by Brean Capital on Tuesday, January 2. The firm has “Hold” rating by Sandler O’Neill given on Thursday, January 4. The rating was maintained by Brean Capital with “Buy” on Wednesday, August 2. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods.

Castine Capital Management Llc, which manages about $395.38 million and $270.95 million US Long portfolio, upped its stake in Bank Of Nt Butterfield&Son L by 53,695 shares to 345,000 shares, valued at $12.64 million in 2017Q3, according to the filing. It also increased its holding in Tristate Cap Hldgs Inc (NASDAQ:TSC) by 20,835 shares in the quarter, for a total of 235,789 shares, and has risen its stake in Western Alliance Bancorp (NYSE:WAL).

Since October 19, 2017, it had 0 insider buys, and 1 sale for $337,200 activity.

Smith Asset Management Group Lp, which manages about $2.91B and $2.99 billion US Long portfolio, decreased its stake in T (NYSE:TMUS) by 32,470 shares to 143,510 shares, valued at $8.85 million in 2017Q3, according to the filing. It also reduced its holding in Edwards Lifesciences Corp (NYSE:EW) by 58,800 shares in the quarter, leaving it with 244,360 shares, and cut its stake in Allison Transmission Hldgs (NYSE:ALSN).

Among 3 analysts covering Worthington Industries (NYSE:WOR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Worthington Industries had 13 analyst reports since August 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, September 29 by Jefferies. Jefferies downgraded the shares of WOR in report on Monday, December 12 to “Underperform” rating. The firm earned “Neutral” rating on Tuesday, March 14 by Macquarie Research. Jefferies upgraded Worthington Industries, Inc. (NYSE:WOR) on Tuesday, April 4 to “Hold” rating. Zacks downgraded the stock to “Hold” rating in Thursday, August 27 report. Jefferies maintained it with “Hold” rating and $4500 target in Wednesday, June 14 report. The firm has “Hold” rating by Jefferies given on Wednesday, October 11. The firm earned “Hold” rating on Thursday, June 29 by Jefferies. On Tuesday, November 29 the stock rating was downgraded by Macquarie Research to “Underperform”. The rating was maintained by Jefferies on Thursday, March 30 with “Sell”.

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