Seabridge Investment Advisors Boosted Its Int’l Bus Machines (IBM) Position; Middlefield Banc (MBCN)’s Sentiment Is 1.21

August 9, 2018 - By Jacqueline McKee

Middlefield Banc Corp. (NASDAQ:MBCN) Logo

Middlefield Banc Corp (MBCN) investors sentiment decreased to 1.21 in 2018 Q1. It’s down -1.12, from 2.33 in 2017Q4. The ratio fall, as 17 hedge funds increased and started new positions, while 14 reduced and sold stock positions in Middlefield Banc Corp. The hedge funds in our database now hold: 845,328 shares, up from 810,279 shares in 2017Q4. Also, the number of hedge funds holding Middlefield Banc Corp in top ten positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 12 Increased: 10 New Position: 7.

Seabridge Investment Advisors Llc increased Int’l Bus Machines (IBM) stake by 12.81% reported in 2018Q1 SEC filing. Seabridge Investment Advisors Llc acquired 11,009 shares as Int’l Bus Machines (IBM)’s stock declined 9.42%. The Seabridge Investment Advisors Llc holds 96,927 shares with $14.87M value, up from 85,918 last quarter. Int’l Bus Machines now has $134.08B valuation. The stock decreased 0.08% or $0.12 during the last trading session, reaching $146.89. About 3.58 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since August 9, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 17/04/2018 – IBM – IN ADDITION, SETTLED NUMBER OF U.S. AND FOREIGN TAX AUDITS, WHICH DROVE DISCRETE NONCASH TAX BENEFITS OF $810 MLN IN QUARTER- CONF CALL; 02/04/2018 – IBM Closes Below 200-Day Moving Average: Technicals; 17/05/2018 – Shutterstock and IBM Make it Easy for Marketers to Build Engaging Digital Experiences Using Al; 18/04/2018 – With Wednesday’s dip, IBM is down 13 percent on the 12-month period; 24/05/2018 – UCG Technologies Launches into Healthcare with Acquisition of Contract Management SaaS Provider Contract Guardian, Inc; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 23/05/2018 – Uber widens health cover in Europe as new CEO meets France’s Macron; 22/05/2018 – WhiteSource Launches Next-generation Software Composition Analysis Technology for Prioritizing Open Source Security Alerts; 03/05/2018 – The Doss Firm, LLC and O’Dell & O’Neal, Inc.: Investment Fraud Claims Filed Against CUNA Brokerage Services, Inc., IBM Southeas; 04/05/2018 – CNBC Now: BREAKING: Warren Buffett says Berkshire Hathaway has sold completely out of IBM

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM About To Pummel The Bears” on July 31, 2018, also Seekingalpha.com with their article: “IBM Continues A Slow Climb” published on July 20, 2018, Seekingalpha.com published: “Big Blue – Are We Staying Blue?” on July 22, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM +1% on Q2 revenue beat” published on July 18, 2018 as well as Seekingalpha.com‘s news article titled: “Analysts lower IBM targets after earnings” with publication date: July 19, 2018.

Among 7 analysts covering IBM (NYSE:IBM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. IBM had 11 analyst reports since March 9, 2018 according to SRatingsIntel. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Morgan Stanley on Friday, March 9. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Wednesday, March 21 by Morgan Stanley. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, April 18. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Tuesday, April 17 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, July 19 report. The firm earned “Market Perform” rating on Monday, July 30 by Wells Fargo. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, July 19 report. The company was maintained on Friday, March 9 by Stifel Nicolaus. The rating was maintained by J.P. Morgan with “Hold” on Wednesday, April 18. The stock of International Business Machines Corporation (NYSE:IBM) earned “Market Perform” rating by BMO Capital Markets on Thursday, July 19.

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.08, from 1.03 in 2017Q4. It is positive, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Azimuth Cap Llc has invested 1.6% in International Business Machines Corporation (NYSE:IBM). Tiemann Advisors Lc reported 5,937 shares stake. First Citizens Bancorporation And Tru Co has invested 0.38% in International Business Machines Corporation (NYSE:IBM). Manufacturers Life Insurance Company The accumulated 0.14% or 831,634 shares. Argent Trust Company holds 27,546 shares. Paragon Management, Kansas-based fund reported 68,892 shares. American Research Mngmt has 7.9% invested in International Business Machines Corporation (NYSE:IBM). Regentatlantic Capital Limited Liability Co accumulated 68,432 shares or 0.88% of the stock. Sandhill Cap Prns Limited Company, a New York-based fund reported 4,032 shares. Transamerica Financial Advisors holds 0% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 49 shares. Spinnaker Tru holds 14,712 shares. Gfs Ltd Liability Company holds 0.34% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 10,850 shares. Bontempo Ohly Cap Mngmt Ltd owns 2.34% invested in International Business Machines Corporation (NYSE:IBM) for 19,114 shares. Hutchinson Cap Management Ca invested in 3,014 shares. Navellier & Associate invested in 0.33% or 14,287 shares.

Since February 23, 2018, it had 0 insider buys, and 3 insider sales for $4.46 million activity. Gherson Diane J sold $1.67M worth of International Business Machines Corporation (NYSE:IBM) on Friday, August 3. $2.01M worth of International Business Machines Corporation (NYSE:IBM) shares were sold by Clementi Erich.

Stieven Capital Advisors L.P. holds 0.55% of its portfolio in Middlefield Banc Corp. for 69,925 shares. Carnegie Capital Asset Management Llc owns 89,407 shares or 0.39% of their US portfolio. Moreover, Shaker Investments Llc Oh has 0.23% invested in the company for 7,700 shares. The Pennsylvania-based Riggs Asset Managment Co. Inc. has invested 0.2% in the stock. Banc Funds Co Llc, a Illinois-based fund reported 76,491 shares.

Middlefield Banc Corp. operates as the bank holding firm for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail clients in northeastern and central Ohio. The company has market cap of $163.31 million. It accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts. It has a 15.51 P/E ratio. The firm offers operational, working capital, term business, residential construction, professional, residential, and mortgage loans; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and consumer installment loans to purchase automobiles and boats, as well as for home improvement and other personal expenditures.

Analysts await Middlefield Banc Corp. (NASDAQ:MBCN) to report earnings on October, 23. They expect $0.97 EPS, up 27.63% or $0.21 from last year’s $0.76 per share. MBCN’s profit will be $3.14M for 13.02 P/E if the $0.97 EPS becomes a reality. After $0.96 actual EPS reported by Middlefield Banc Corp. for the previous quarter, Wall Street now forecasts 1.04% EPS growth.

Another recent and important Middlefield Banc Corp. (NASDAQ:MBCN) news was published by Businesswire.com which published an article titled: “Middlefield Banc Corp. Reports 2018 First Half Financial Results” on July 19, 2018.

Since January 1, 0001, it had 2 buys, and 11 insider sales for $938,411 activity.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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