Unilever Nv (UN) Holder Cambridge Trust Company Lowered Its Holding by $3.61 Million as Market Value Declined; Banc Funds Co Holds Position in Mercantile Bank (MBWM)

April 19, 2018 - By Winifred Garcia

Unilever N.V. (NYSE:UN) Logo

Banc Funds Co Llc increased its stake in Mercantile Bank Corporation (MBWM) by 0.19% based on its latest 2017Q4 regulatory filing with the SEC. Banc Funds Co Llc bought 2,770 shares as the company’s stock declined 8.17% with the market. The hedge fund held 1.46M shares of the major banks company at the end of 2017Q4, valued at $51.50B, up from 1.45M at the end of the previous reported quarter. Banc Funds Co Llc who had been investing in Mercantile Bank Corporation for a number of months, seems to be bullish on the $588.90 million market cap company. The stock increased 0.48% or $0.17 during the last trading session, reaching $35.48. About 14,420 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has declined 1.90% since April 19, 2017 and is downtrending. It has underperformed by 13.45% the S&P500.

Cambridge Trust Company decreased its stake in Unilever Nv (UN) by 14.22% based on its latest 2017Q4 regulatory filing with the SEC. Cambridge Trust Company sold 64,449 shares as the company’s stock declined 4.54% with the market. The institutional investor held 388,841 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $21.90M, down from 453,290 at the end of the previous reported quarter. Cambridge Trust Company who had been investing in Unilever Nv for a number of months, seems to be less bullish one the $156.60 billion market cap company. The stock decreased 2.57% or $1.47 during the last trading session, reaching $55.68. About 990,480 shares traded. Unilever N.V. (NYSE:UN) has risen 6.36% since April 19, 2017 and is uptrending. It has underperformed by 5.19% the S&P500.

Cambridge Trust Company, which manages about $1.58B US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 104,117 shares to 144,345 shares, valued at $7.64M in 2017Q4, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 8,106 shares in the quarter, for a total of 745,056 shares, and has risen its stake in Eaton Vance Corp (NYSE:EV).

Among 11 analysts covering Unilever NV (NYSE:UN), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Unilever NV had 13 analyst reports since September 25, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, December 7 by JP Morgan. As per Thursday, August 10, the company rating was downgraded by RBC Capital Markets. Citigroup upgraded the stock to “Buy” rating in Wednesday, August 31 report. The firm has “Buy” rating by Argus Research given on Friday, March 23. The firm has “Sector Perform” rating given on Friday, July 22 by RBC Capital Markets. UBS upgraded Unilever N.V. (NYSE:UN) on Wednesday, March 28 to “Buy” rating. Bernstein initiated the shares of UN in report on Monday, August 22 with “Outperform” rating. As per Tuesday, January 12, the company rating was upgraded by JP Morgan. The firm has “Neutral” rating by Credit Suisse given on Tuesday, December 8. Barclays Capital upgraded the stock to “Overweight” rating in Friday, March 24 report.

Among 6 analysts covering Mercantile Bank (NASDAQ:MBWM), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Mercantile Bank had 19 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 1 by Keefe Bruyette & Woods. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. On Wednesday, January 3 the stock rating was maintained by Sandler O’Neill with “Hold”. The rating was upgraded by Wood to “Outperform” on Thursday, March 1. The rating was maintained by Sandler O’Neill with “Hold” on Tuesday, March 27. On Wednesday, January 17 the stock rating was maintained by Hovde Group with “Hold”. Keefe Bruyette & Woods maintained the shares of MBWM in report on Tuesday, October 17 with “Hold” rating. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Hold” rating given on Wednesday, July 22 by Sandler O’Neill. The company was downgraded on Tuesday, November 29 by Keefe Bruyette & Woods. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Buy” rating given on Monday, September 11 by DA Davidson.

Since October 20, 2017, it had 0 buys, and 2 selling transactions for $453,872 activity.

Banc Funds Co Llc, which manages about $1.41B and $2146.88 billion US Long portfolio, decreased its stake in Riverview Bancorp Inc. (NASDAQ:RVSB) by 1,000 shares to 715,574 shares, valued at $6.20 billion in 2017Q4, according to the filing. It also reduced its holding in Commencement Bank by 7,250 shares in the quarter, leaving it with 237,310 shares, and cut its stake in Virginia National Bankshares Corp. (VABK).

Investors sentiment increased to 1.35 in 2017 Q4. Its up 0.29, from 1.06 in 2017Q3. It improved, as 5 investors sold MBWM shares while 26 reduced holdings. 8 funds opened positions while 34 raised stakes. 8.62 million shares or 1.64% more from 8.49 million shares in 2017Q3 were reported. Citigroup has 8,759 shares. Metropolitan Life Ins invested in 5,507 shares. 16,397 are owned by Rhumbline Advisers. 40,229 were reported by Tiaa Cref Management Ltd Llc. Deutsche Comml Bank Ag stated it has 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Azimuth Mngmt Llc holds 0.03% in Mercantile Bank Corporation (NASDAQ:MBWM) or 10,279 shares. Emerald Mutual Fund Advisers Trust owns 0.12% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 87,881 shares. State Of New Jersey Common Pension Fund D reported 47,339 shares. Tributary Capital Mgmt Lc reported 0.89% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Meeder Asset Management Inc reported 887 shares. Us Savings Bank De invested in 1,978 shares or 0% of the stock. The Texas-based Dimensional Fund Advsr LP has invested 0.01% in Mercantile Bank Corporation (NASDAQ:MBWM). Fifth Third Bank holds 0% or 4,755 shares. Wellington Mgmt Llp holds 261,029 shares. Tower Rech Cap Lc (Trc) holds 781 shares or 0% of its portfolio.

Mercantile Bank Corporation (NASDAQ:MBWM) Institutional Positions Chart

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