Briggs & Stratton (BGG) Reaches $19.20 After 5.00% Up Move; Jacobs Asset Management Decreased Seacoast Bkg Fla (SBCF) Stake By $643,750

May 18, 2018 - By wolcottdaily

Jacobs Asset Management Llc decreased Seacoast Bkg Corp Fla (SBCF) stake by 25.75% reported in 2017Q4 SEC filing. Jacobs Asset Management Llc sold 25,750 shares as Seacoast Bkg Corp Fla (SBCF)’s stock rose 2.11%. The Jacobs Asset Management Llc holds 74,250 shares with $1.87M value, down from 100,000 last quarter. Seacoast Bkg Corp Fla now has $1.44B valuation. The stock increased 0.46% or $0.14 during the last trading session, reaching $30.72. About 79,387 shares traded. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 12.55% since May 18, 2017 and is uptrending. It has outperformed by 1.00% the S&P500.

The stock of Briggs & Stratton Corporation (NYSE:BGG) is a huge mover today! The stock increased 1.75% or $0.33 during the last trading session, reaching $19.2. About 92,173 shares traded. Briggs & Stratton Corporation (NYSE:BGG) has declined 2.95% since May 18, 2017 and is downtrending. It has underperformed by 14.50% the S&P500.The move comes after 9 months positive chart setup for the $823.91 million company. It was reported on May, 18 by Barchart.com. We have $20.16 PT which if reached, will make NYSE:BGG worth $41.20M more.




Analysts await Briggs & Stratton Corporation (NYSE:BGG) to report earnings on August, 15. They expect $0.48 earnings per share, up 4.35% or $0.02 from last year’s $0.46 per share. BGG’s profit will be $20.60 million for 10.00 P/E if the $0.48 EPS becomes a reality. After $0.84 actual earnings per share reported by Briggs & Stratton Corporation for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

Among 3 analysts covering Briggs & Stratton Corporation (NYSE:BGG), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Briggs & Stratton Corporation had 8 analyst reports since April 15, 2016 according to SRatingsIntel. The stock of Briggs & Stratton Corporation (NYSE:BGG) earned “Neutral” rating by Robert W. Baird on Friday, April 15. The company was maintained on Thursday, October 26 by Robert W. Baird. Northcoast upgraded the shares of BGG in report on Monday, January 30 to “Buy” rating. Robert W. Baird maintained Briggs & Stratton Corporation (NYSE:BGG) rating on Friday, October 20. Robert W. Baird has “Hold” rating and $22.0 target. The firm has “Market Perform” rating by Raymond James given on Wednesday, June 1. The stock of Briggs & Stratton Corporation (NYSE:BGG) has “Market Perform” rating given on Tuesday, January 16 by Raymond James. Northcoast maintained it with “Buy” rating and $32.0 target in Friday, January 26 report. The firm has “Underperform” rating given on Tuesday, October 17 by Raymond James.

Investors sentiment decreased to 1.29 in Q4 2017. Its down 0.08, from 1.37 in 2017Q3. It fall, as 12 investors sold Briggs & Stratton Corporation shares while 56 reduced holdings. 37 funds opened positions while 51 raised stakes. 34.72 million shares or 0.08% more from 34.69 million shares in 2017Q3 were reported. Aqr Capital Management Lc reported 192,410 shares or 0.01% of all its holdings. Suntrust Banks holds 22,710 shares. Ls Investment Ltd Liability Co holds 0% or 2,233 shares. Eaton Vance Mgmt owns 15,228 shares. Lsv Asset reported 2.31M shares or 0.09% of all its holdings. American Intll Group Inc has invested 0% of its portfolio in Briggs & Stratton Corporation (NYSE:BGG). Parametric Portfolio Ltd Liability Co, a Washington-based fund reported 168,264 shares. Blackrock has 0.01% invested in Briggs & Stratton Corporation (NYSE:BGG) for 6.24 million shares. Price T Rowe Associate Md accumulated 50,207 shares. Barclays Public Limited Company has 11,723 shares for 0% of their portfolio. Kbc Group Nv reported 59,785 shares. Gemmer Asset reported 155 shares stake. Principal Fincl Gru Inc reported 0.01% of its portfolio in Briggs & Stratton Corporation (NYSE:BGG). Howe Rusling owns 108 shares for 0% of their portfolio. Illinois-based Guggenheim Cap Llc has invested 0% in Briggs & Stratton Corporation (NYSE:BGG).

Since February 16, 2018, it had 1 buy, and 2 insider sales for $825,490 activity. $87,500 worth of Briggs & Stratton Corporation (NYSE:BGG) was bought by JAEHNERT FRANK M. The insider TESKE TODD J sold $122,001.

Briggs & Stratton Corporation designs, makes, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. The company has market cap of $823.91 million. It operates in two divisions, Engines and Products. It has a 35.42 P/E ratio. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

More recent Briggs & Stratton Corporation (NYSE:BGG) news were published by: Seekingalpha.com which released: “Position Close Update: Briggs & Stratton Corporation” on May 17, 2018. Also Seekingalpha.com published the news titled: “Briggs & Stratton’s (BGG) CEO Todd Teske on Q3 2018 Results – Earnings Call Transcript” on April 29, 2018. Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within Celldex Therapeutics, McDermott International, Briggs & Stratton, Tile Shop …” with publication date: April 20, 2018 was also an interesting one.

Analysts await Seacoast Banking Corporation of Florida (NASDAQ:SBCF) to report earnings on July, 26. They expect $0.43 earnings per share, up 48.28% or $0.14 from last year’s $0.29 per share. SBCF’s profit will be $20.20M for 17.86 P/E if the $0.43 EPS becomes a reality. After $0.40 actual earnings per share reported by Seacoast Banking Corporation of Florida for the previous quarter, Wall Street now forecasts 7.50% EPS growth.

Jacobs Asset Management Llc increased Veritex Hldgs Inc stake by 52,660 shares to 562,826 valued at $15.53M in 2017Q4. It also upped Fb Finl Corp stake by 25,000 shares and now owns 323,346 shares. Midland Sts Bancorp Inc Ill was raised too.

Investors sentiment decreased to 1.48 in Q4 2017. Its down 0.12, from 1.6 in 2017Q3. It dropped, as 8 investors sold SBCF shares while 38 reduced holdings. 26 funds opened positions while 42 raised stakes. 34.32 million shares or 3.56% more from 33.14 million shares in 2017Q3 were reported. Hsbc Public Ltd Co holds 42,439 shares. Congress Asset Management Company Ma has 0.03% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 71,076 shares. Wells Fargo Co Mn has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Employees Retirement System Of Ohio holds 0.01% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) or 77,000 shares. 770 are held by Mufg Americas Corp. Td Asset Mngmt stated it has 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Millennium Mngmt Ltd Limited Liability Company reported 1.37M shares. Wellington Mngmt Group Ltd Liability Partnership holds 0% or 461,292 shares in its portfolio. Inv Counselors Of Maryland Lc has 1.01% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 805,923 shares. Ameriprise holds 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 123,981 shares. State Of Wisconsin Invest Board holds 0% or 23,000 shares. Qs Invsts Limited Liability invested in 0.01% or 60,999 shares. Marshwinds Advisory Commerce owns 10,550 shares. Manufacturers Life Insurance Com The has invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Susquehanna Interest Grp Llp stated it has 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF).

Among 9 analysts covering Seacoast Banking Co. of Florida (NASDAQ:SBCF), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Seacoast Banking Co. of Florida had 23 analyst reports since August 12, 2015 according to SRatingsIntel. On Monday, November 7 the stock rating was downgraded by FIG Partners to “Market Perform”. The firm has “Hold” rating by Hovde Group given on Wednesday, January 3. Hovde Group downgraded the shares of SBCF in report on Tuesday, September 6 to “Market Perform” rating. The firm has “Outperform” rating given on Wednesday, November 30 by Raymond James. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Market Perform” rating by Wood on Friday, August 28. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Buy” rating by SunTrust on Tuesday, November 28. The rating was maintained by Hovde Group on Friday, January 12 with “Hold”. The firm has “Sell” rating given on Wednesday, August 12 by Zacks. The stock has “Buy” rating by FBR Capital on Friday, January 26. The firm has “Sell” rating given on Thursday, August 27 by Zacks.

Since March 7, 2018, it had 0 buys, and 4 selling transactions for $467,736 activity. Goldman Roger also sold $197,130 worth of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) on Friday, May 4. 1,754 Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shares with value of $51,740 were sold by CROSS CHARLES K JR.. Shaffer Charles M sold $43,250 worth of stock or 1,571 shares.

More recent Seacoast Banking Corporation of Florida (NASDAQ:SBCF) news were published by: Globenewswire.com which released: “Seacoast Reports First Quarter 2018 Results” on April 26, 2018. Also Seekingalpha.com published the news titled: “Seacoast Banking Corporation of Florida’s (SBCF) CEO Dennis Hudson on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Globenewswire.com‘s news article titled: “Report: Exploring Fundamental Drivers Behind Preformed Line Products, Seacoast Banking Corporation of Florida …” with publication date: May 04, 2018 was also an interesting one.

Briggs & Stratton Corporation (NYSE:BGG) Institutional Positions Chart

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