Colliers International Group Inc. (CIGI) Reaches $76.30 52-Week High; Unity Bancorp Has 3.5 Sentiment

May 16, 2018 - By Louis Casey

Unity Bancorp, Inc. (NASDAQ:UNTY) Logo

Unity Bancorp Inc (UNTY) investors sentiment increased to 3.5 in 2017 Q4. It’s up 1.12, from 2.38 in 2017Q3. The ratio improved, as 28 investment managers increased and started new equity positions, while 8 reduced and sold their stakes in Unity Bancorp Inc. The investment managers in our database reported: 10.32 million shares, up from 5.01 million shares in 2017Q3. Also, the number of investment managers holding Unity Bancorp Inc in top ten equity positions was flat from 1 to 1 for the same number . Sold All: 1 Reduced: 7 Increased: 21 New Position: 7.

The stock of Colliers International Group Inc. (NASDAQ:CIGI) hit a new 52-week high and has $80.88 target or 6.00% above today’s $76.30 share price. The 6 months bullish chart indicates low risk for the $2.97 billion company. The 1-year high was reported on May, 16 by Barchart.com. If the $80.88 price target is reached, the company will be worth $178.08M more. The stock increased 1.26% or $0.95 during the last trading session, reaching $76.3. About 4,253 shares traded. Colliers International Group Inc. (NASDAQ:CIGI) has risen 43.21% since May 16, 2017 and is uptrending. It has outperformed by 31.66% the S&P500.

Endicott Management Co holds 6.85% of its portfolio in Unity Bancorp, Inc. for 660,635 shares. Banc Funds Co Llc owns 962,657 shares or 0.89% of their US portfolio. Moreover, Ejf Capital Llc has 0.7% invested in the company for 442,600 shares. The Illinois-based Ativo Capital Management Llc has invested 0.32% in the stock. Emerald Mutual Fund Advisers Trust, a Pennsylvania-based fund reported 168,750 shares.

More important recent Unity Bancorp, Inc. (NASDAQ:UNTY) news were published by: Globenewswire.com which released: “Unity Bancorp Declares 17% Increase in Cash Dividend” on April 26, 2018, also Nasdaq.com published article titled: “Unity Bank is Top Ranked New Jersey Community Bank on American Banker Magazine’s Top 200 List”, Nasdaq.com published: “Unity Bank Ranked 43rd Nationally on S&P Global Market Intelligence List of Best-Performing Community Banks” on April 18, 2018. More interesting news about Unity Bancorp, Inc. (NASDAQ:UNTY) was released by: Globenewswire.com and their article: “Unity Bancorp Reports Record Earnings up 64% over Prior Year Quarter” with publication date: April 24, 2018.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $189,484 activity.

It closed at $23 lastly. It is down 29.71% since May 16, 2017 and is uptrending. It has outperformed by 18.16% the S&P500.

Unity Bancorp Inc. operates as a bank holding firm for Unity Bank that provides a range of business and consumer financial services to individuals, small and medium sized businesses, and professional communities. The company has market cap of $246.31 million. The firm offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. It has a 19.17 P/E ratio. It also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans.

Among 4 analysts covering Colliers (NASDAQ:CIGI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Colliers has $7600 highest and $39 lowest target. $59.50’s average target is -22.02% below currents $76.3 stock price. Colliers had 17 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, February 8 report. RBC Capital Markets maintained the shares of CIGI in report on Tuesday, September 26 with “Buy” rating. As per Wednesday, June 28, the company rating was maintained by BMO Capital Markets. As per Wednesday, February 14, the company rating was maintained by BMO Capital Markets. The firm earned “Outperform” rating on Wednesday, October 28 by RBC Capital Markets. BMO Capital Markets maintained Colliers International Group Inc. (NASDAQ:CIGI) on Wednesday, March 28 with “Buy” rating. The rating was maintained by Raymond James on Tuesday, January 31 with “Outperform”. The firm earned “Buy” rating on Wednesday, February 14 by RBC Capital Markets. The company was maintained on Tuesday, August 1 by RBC Capital Markets. The rating was maintained by BMO Capital Markets on Monday, October 9 with “Buy”.

Analysts await Colliers International Group Inc. (NASDAQ:CIGI) to report earnings on August, 7. They expect $0.37 EPS, down 49.32% or $0.36 from last year’s $0.73 per share. CIGI’s profit will be $14.39M for 51.55 P/E if the $0.37 EPS becomes a reality. After $0.13 actual EPS reported by Colliers International Group Inc. for the previous quarter, Wall Street now forecasts 184.62% EPS growth.

More notable recent Colliers International Group Inc. (NASDAQ:CIGI) news were published by: Streetinsider.com which released: “Colliers International (CIGI) PT Raised to $85 at RBC Capital” on May 16, 2018, also Nasdaq.com with their article: “Colliers International to Make Transformational Strategic Investment in Harrison Street Real Estate” published on May 14, 2018, Globenewswire.com published: “Colliers International Expands and Extends Revolving Credit Facility” on April 19, 2018. More interesting news about Colliers International Group Inc. (NASDAQ:CIGI) were released by: Benzinga.com and their article: “5 Biggest Price Target Changes For Wednesday” published on May 16, 2018 as well as Globenewswire.com‘s news article titled: “Colliers International Expands in Pittsburgh” with publication date: May 09, 2018.

Colliers International Group Inc. provides commercial real estate services to firms, financial institutions, governments, and individuals worldwide. The company has market cap of $2.97 billion. The company??s Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations. It has a 61.04 P/E ratio. This division provides its services for various asset classes, including office, industrial, retail, multi-family, hotel, and mixed-use properties.

Unity Bancorp, Inc. (NASDAQ:UNTY) Institutional Positions Chart

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