SunTrust Robinson Ups Manitowoc Company (MTW); Shorts at Plumas Bancorp (PLBC) Raised By 71.43%

June 16, 2018 - By Nellie Frank

Plumas Bancorp (NASDAQ:PLBC) Logo

Manitowoc Company (NYSE:MTW)‘s old rating is no longer valid. SunTrust Robinson boosted Manitowoc Company (NYSE:MTW)‘s rating to a “Buy”.

Plumas Bancorp (NASDAQ:PLBC) had an increase of 71.43% in short interest. PLBC’s SI was 1,200 shares in June as released by FINRA. Its up 71.43% from 700 shares previously. With 4,000 avg volume, 0 days are for Plumas Bancorp (NASDAQ:PLBC)’s short sellers to cover PLBC’s short positions. The SI to Plumas Bancorp’s float is 0.03%. The stock increased 1.60% or $0.45 during the last trading session, reaching $28.5. About 1,302 shares traded. Plumas Bancorp (NASDAQ:PLBC) has risen 53.70% since June 16, 2017 and is uptrending. It has outperformed by 41.13% the S&P500. Some Historical PLBC News: ; 17/04/2018 – Plumas Bancorp 1Q EPS 63c; 19/04/2018 – Plumas Bancorp Raises Semi-Annual Dividend to 18c; 22/05/2018 – Plumas Bank Agrees to Purchase Carson City, Nevada Branch from Mutual of Omaha Bank; 21/04/2018 – DJ Plumas Bancorp, Inst Holders, 1Q 2018 (PLBC); 10/04/2018 – Plumas Bank Promotes Boigon to Executive Vice President, Chief Information Officer; 14/03/2018 Plumas Bancorp Ranked 5th Best Performing Community Bank in the Nation; 07/05/2018 – Macdonald Joins Plumas Bank as Vice Pres, Ag/Commercial Loan Expert; 30/05/2018 – PLUMAS BANCORP – EFFECTIVE JUNE 1, 2018, IT WILL INCREASE ITS MINIMUM WAGE TO $15 PER HOUR; 22/05/2018 – PLUMAS BANK TO BUY CARSON CITY, NV BRANCH FROM MUTUAL OF OMAHA; 17/04/2018 – Plumas Bancorp 1Q Net $3.3M

More news for Plumas Bancorp (NASDAQ:PLBC) were recently published by: Globenewswire.com, which released: “Plumas Bank Increases Minimum Wage to $15” on May 30, 2018. Nasdaq.com‘s article titled: “Plumas Bank Agrees to Purchase Carson City, Nevada Branch from Mutual of Omaha Bank” and published on May 22, 2018 is yet another important article.

Investors sentiment decreased to 1.43 in Q1 2018. Its down 0.77, from 2.2 in 2017Q4. It dived, as 1 investors sold Plumas Bancorp shares while 6 reduced holdings. 5 funds opened positions while 5 raised stakes. 454,263 shares or 11.07% more from 409,005 shares in 2017Q4 were reported. 10,404 are held by Deutsche Commercial Bank Ag. Royal Fincl Bank Of Canada has invested 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC). Renaissance Technologies Limited Liability Company stated it has 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC). Hanson Mcclain holds 3,349 shares. Tci Wealth Incorporated accumulated 3,497 shares or 0.04% of the stock. Maltese Capital Management Ltd Liability Corp invested in 75,000 shares. Vanguard Group Inc reported 111,467 shares. Great West Life Assurance Can holds 17 shares or 0% of its portfolio. Tower Research Ltd Limited Liability Company (Trc) accumulated 0% or 84 shares. Panagora Asset Inc, a Massachusetts-based fund reported 2,496 shares. Cetera Advisor Net Limited Liability Corp invested 0.01% in Plumas Bancorp (NASDAQ:PLBC). Blackrock stated it has 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC). Zpr Invest Mngmt owns 87,915 shares or 3.16% of their US portfolio. Raymond James And Associate owns 0% invested in Plumas Bancorp (NASDAQ:PLBC) for 57,823 shares. Wells Fargo Mn reported 1,224 shares.

Plumas Bancorp operates as the holding firm for the Plumas Bank that provides various banking services and products in Northeastern California and Northwestern Nevada. The company has market cap of $145.55 million. The firm offers various deposit products, such as checking, interest-bearing checking, business sweep, public funds sweep, savings, time deposits, and retirement accounts. It has a 18.04 P/E ratio. The Company’s loan portfolio comprises consumer, home equity, and automobile loans; real estate loans, and commercial and industrial term loans; government-guaranteed and agricultural loans; land development and construction loans; and credit lines.

Since February 6, 2018, it had 3 insider buys, and 1 sale for $41,964 activity. McClintock Robert J bought $24,875 worth of stock or 1,000 shares. Kenny Richard Francis also bought $24,929 worth of Plumas Bancorp (NASDAQ:PLBC) on Tuesday, February 6. 2,000 shares were bought by Coldani Steven M., worth $48,180 on Thursday, February 8. Another trade for 2,000 shares valued at $56,020 was sold by ELLIOTT WILLIAM E.

The stock increased 0.35% or $0.09 during the last trading session, reaching $25.45. About 787,480 shares traded or 52.95% up from the average. The Manitowoc Company, Inc. (NYSE:MTW) has risen 13.26% since June 16, 2017 and is uptrending. It has outperformed by 0.69% the S&P500. Some Historical MTW News: 15/05/2018 – Adage Capital Partners GP Buys 1.5% Position in Manitowoc Co; 07/03/2018 Norges Bank Exits Position in Manitowoc; 09/03/2018 – MOODY’S UPGRADES MANITOWOC’S RATINGS: CFR & SECOND LIEN TO B3;; 07/05/2018 – MANITOWOC CO 1Q ADJ LOSS/SHR CONT OPS 12C, EST. LOSS/SHR 22C; 07/03/2018 – CARL ICAHN ISSUES STATEMENT REGARDING MANITOWOC COMPANY; 23/04/2018 – SG Capital Buys New 1% Position in Manitowoc Co; 07/03/2018 – Carl Icahn Denies Knowing Trump Tariff Plans Before Selling Manitowoc Stake — MarketWatch; 07/05/2018 – Manitowoc 1Q Loss/Shr 28c; 16/05/2018 – County Bancorp, Inc. Declares Dividend; 07/05/2018 – MANITOWOC CO SEES FY ADJ EBITDA $100M TO $120M, EST. $105.3M

More important recent The Manitowoc Company, Inc. (NYSE:MTW) news were published by: Fool.com which released: “Is Caterpillar Inc. a Buy?” on June 13, 2018, also Seekingalpha.com published article titled: “Tracking Carl Icahn’s Portfolio – Q1 2018 Update”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 6, 2018” on June 06, 2018. More interesting news about The Manitowoc Company, Inc. (NYSE:MTW) was released by: Fool.com and their article: “Why Advanced Micro Devices, Nektar Therapeutics, and Manitowoc Jumped Today” with publication date: June 06, 2018.

Since February 13, 2018, it had 2 buys, and 3 insider sales for $417,523 activity. MUSIAL THOMAS G sold $92,903 worth of stock. The insider PENNYPACKER BARRY bought $493,722. $212,293 worth of The Manitowoc Company, Inc. (NYSE:MTW) shares were bought by Antoniuk David J.

Among 18 analysts covering Manitowoc Company (NYSE:MTW), 6 have Buy rating, 2 Sell and 10 Hold. Therefore 33% are positive. Manitowoc Company has $47.0 highest and $3.25 lowest target. $23.92’s average target is -6.01% below currents $25.45 stock price. Manitowoc Company had 75 analyst reports since July 27, 2015 according to SRatingsIntel. Goldman Sachs maintained the shares of MTW in report on Wednesday, March 9 with “Neutral” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, November 1. The stock of The Manitowoc Company, Inc. (NYSE:MTW) earned “Neutral” rating by JP Morgan on Thursday, August 17. The firm earned “Buy” rating on Wednesday, June 6 by SunTrust. Goldman Sachs downgraded the stock to “Sell” rating in Monday, July 27 report. The firm has “Hold” rating by SunTrust given on Thursday, October 26. The rating was maintained by Jefferies on Thursday, October 5 with “Buy”. The rating was maintained by Barclays Capital on Tuesday, March 8 with “Equal-Weight”. The rating was maintained by Jefferies with “Buy” on Friday, June 16. The firm earned “Hold” rating on Thursday, October 15 by Stifel Nicolaus.

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry worldwide. The company has market cap of $903.96 million. The firm creates and makes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks the National Crane brand. It currently has negative earnings. It also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand.

Analysts await The Manitowoc Company, Inc. (NYSE:MTW) to report earnings on August, 6. They expect $0.29 EPS, up 45.00% or $0.09 from last year’s $0.2 per share. MTW’s profit will be $10.30M for 21.94 P/E if the $0.29 EPS becomes a reality. After $-0.12 actual EPS reported by The Manitowoc Company, Inc. for the previous quarter, Wall Street now forecasts -341.67% EPS growth.

Investors sentiment increased to 0.67 in Q1 2018. Its up 0.66, from 0.01 in 2017Q4. It is positive, as 3 investors sold The Manitowoc Company, Inc. shares while 0 reduced holdings. 1 funds opened positions while 1 raised stakes. 10,522 shares or 57.93% less from 25,008 shares in 2017Q4 were reported. Winch Advisory Ltd Co has invested 0.01% in The Manitowoc Company, Inc. (NYSE:MTW). Sva Plumb Wealth Lc has invested 0.01% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW).

Plumas Bancorp (NASDAQ:PLBC) Institutional Positions Chart

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