Prosperity Bancshares, Inc. (PB) Reaches $71.61 After 3.00% Down Move; MSC Industrial Direct Co (MSM)’s Sentiment Is 1.17

June 14, 2018 - By Lawrence Diaz

MSC Industrial Direct Co., Inc. (NYSE:MSM) Logo

MSC Industrial Direct Co Inc (MSM) investors sentiment increased to 1.17 in Q1 2018. It’s up 0.29, from 0.88 in 2017Q4. The ratio is more positive, as 135 institutional investors increased and opened new holdings, while 115 reduced and sold equity positions in MSC Industrial Direct Co Inc. The institutional investors in our database reported: 39.03 million shares, down from 40.30 million shares in 2017Q4. Also, the number of institutional investors holding MSC Industrial Direct Co Inc in top ten holdings was flat from 3 to 3 for the same number . Sold All: 22 Reduced: 93 Increased: 86 New Position: 49.

The stock of Prosperity Bancshares, Inc. (NYSE:PB) is a huge mover today! The stock decreased 1.50% or $1.09 during the last trading session, reaching $71.61. About 157,575 shares traded. Prosperity Bancshares, Inc. (NYSE:PB) has risen 14.46% since June 14, 2017 and is uptrending. It has outperformed by 1.89% the S&P500. Some Historical PB News: ; 30/05/2018 – SACHDEVA: VIETNAM PROSPERITY BANK IS `MERCEDES AT TOYOTA PRICE’; 30/05/2018 FLOWERING TREE’S SACHDEVA PICKS VIETNAM PROSPERITY BANKThe move comes after 7 months negative chart setup for the $5.00 billion company. It was reported on Jun, 14 by Barchart.com. We have $69.46 PT which if reached, will make NYSE:PB worth $150.06M less.

Among 22 analysts covering Prosperity Bancshares (NYSE:PB), 4 have Buy rating, 5 Sell and 13 Hold. Therefore 18% are positive. Prosperity Bancshares had 62 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Evercore on Thursday, June 9. The stock of Prosperity Bancshares, Inc. (NYSE:PB) has “Hold” rating given on Thursday, May 25 by ValuEngine. The firm has “Underperform” rating by Wedbush given on Thursday, November 17. The stock of Prosperity Bancshares, Inc. (NYSE:PB) has “Underperform” rating given on Thursday, August 10 by Raymond James. Wedbush initiated Prosperity Bancshares, Inc. (NYSE:PB) on Friday, October 7 with “Neutral” rating. Barclays Capital maintained the shares of PB in report on Thursday, April 26 with “Overweight” rating. Hovde Group downgraded the shares of PB in report on Friday, November 18 to “Market Perform” rating. The rating was downgraded by Morgan Stanley on Wednesday, November 16 to “Underweight”. Sterne Agee CRT initiated the shares of PB in report on Thursday, August 20 with “Underperform” rating. The rating was initiated by Compass Point with “Neutral” on Tuesday, June 7.

Prosperity Bancshares, Inc. operates as bank holding firm for the Prosperity Bank that provides a range of retail and commercial banking services to small and medium-sized businesses, and consumers. The company has market cap of $5.00 billion. The firm offers various deposit products, including demand, savings, money market, and time accounts. It currently has negative earnings. It also provides one to four family residential mortgage loans, commercial mortgage and multifamily residential loans, commercial and industrial loans, agricultural real estate loans, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, such as automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as debit and credit cards.

Analysts await Prosperity Bancshares, Inc. (NYSE:PB) to report earnings on July, 25. They expect $1.15 EPS, up 16.16% or $0.16 from last year’s $0.99 per share. PB’s profit will be $80.33 million for 15.57 P/E if the $1.15 EPS becomes a reality. After $1.07 actual EPS reported by Prosperity Bancshares, Inc. for the previous quarter, Wall Street now forecasts 7.48% EPS growth.

The stock decreased 0.28% or $0.26 during the last trading session, reaching $93.1. About 113,001 shares traded. MSC Industrial Direct Co., Inc. (MSM) has risen 7.48% since June 14, 2017 and is uptrending. It has underperformed by 5.09% the S&P500. Some Historical MSM News: ; 23/05/2018 – MSC Industrial Supply Co. Recognizes Norton; 10/04/2018 – MSC Industrial 2Q Net $117.6M; 05/04/2018 – MSC Declares Regular Quarterly Dividend; 09/04/2018 – MSC INDUSTRIAL DIRECT CO INC MSM.N : BMO RAISES TARGET PRICE TO $103 FROM $102; 01/05/2018 – MSC INDUSTRIAL SUPPLY BUYS ALL INTEGRATED SOLUTIONS; 10/04/2018 – MSC Industrial Access Event Scheduled By Northcoast Research; 10/04/2018 – MSC Industrial Sees 3Q EPS $1.37-EPS $1.43; 01/05/2018 – MSC INDUSTRIAL SUPPLY CO. BUYS ALL INTEGRATED SOLUTIONS; 10/04/2018 – MSC 2Q EPS EX TCJA BENEFIT $1.04, MAY NOT COMPARE WITH EST; 23/04/2018 – DJ MSC Industrial Direct Co Inc Cla, Inst Holders, 1Q 2018 (MSM)

MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and activities products primarily in the United States, Canada, and the United Kingdom. The company has market cap of $5.26 billion. The companyÂ’s MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. It has a 17.64 P/E ratio. It offers approximately 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; and the Internet, such as its Websites comprising mscdirect.com and use-enco.com.

Ratings analysis reveals 0 of MSC Industrial’s analysts are positive. Out of 5 Wall Street analysts rating MSC Industrial, 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $80.0 while the high is $105.0. The stock’s average target of $96.33 is 3.47% above today’s ($93.1) share price. MSM was included in 5 notes of analysts from August 26, 2016. On Thursday, December 8 the stock rating was downgraded by Gabelli to “Hold”. Macquarie Research initiated it with “Neutral” rating and $80.0 target in Friday, August 26 report. The stock of MSC Industrial Direct Co., Inc. (NYSE:MSM) has “Hold” rating given on Thursday, January 12 by Stifel Nicolaus. The firm has “Neutral” rating given on Tuesday, January 17 by Credit Suisse. The company was downgraded on Monday, December 5 by Raymond James.

New South Capital Management Inc holds 5.2% of its portfolio in MSC Industrial Direct Co., Inc. for 2.27 million shares. Poplar Forest Capital Llc owns 587,383 shares or 4.59% of their US portfolio. Moreover, Arlington Value Capital Llc has 2.31% invested in the company for 304,969 shares. The Michigan-based Schwartz Investment Counsel Inc has invested 2.09% in the stock. Mountain Pacific Investment Advisers Inc Id, a Idaho-based fund reported 205,626 shares.

Analysts await MSC Industrial Direct Co., Inc. (NYSE:MSM) to report earnings on July, 11. They expect $1.40 earnings per share, up 28.44% or $0.31 from last year’s $1.09 per share. MSM’s profit will be $79.08 million for 16.63 P/E if the $1.40 EPS becomes a reality. After $1.34 actual earnings per share reported by MSC Industrial Direct Co., Inc. for the previous quarter, Wall Street now forecasts 4.48% EPS growth.

Since January 1, 0001, it had 0 insider purchases, and 22 selling transactions for $94.60 million activity.

Another recent and important MSC Industrial Direct Co., Inc. (NYSE:MSM) news was published by Prnewswire.com which published an article titled: “MSC Industrial Supply Co. Recognizes Norton Saint-Gobain Abrasives, Sandvik Coromant, Parker Hannifin With …” on May 23, 2018.

MSC Industrial Direct Co., Inc. (NYSE:MSM) Institutional Positions Chart

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