Greylin Investment Mangement Has Trimmed Wells Fargo Co New (WFC) Holding By $1.34 Million; Provident Financial Holdings (PROV) Sentiment Is 1.22

Wells Fargo & Company (NYSE:WFC) Logo

Greylin Investment Mangement Inc decreased Wells Fargo Co New (WFC) stake by 13.26% reported in 2017Q4 SEC filing. Greylin Investment Mangement Inc sold 22,369 shares as Wells Fargo Co New (WFC)’s stock declined 16.98%. The Greylin Investment Mangement Inc holds 146,381 shares with $8.88 million value, down from 168,750 last quarter. Wells Fargo Co New now has $255.56B valuation. The stock increased 1.81% or $0.93 during the last trading session, reaching $52.41. About 17.71 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since March 31, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Provident Financial Holdings Inc (PROV) investors sentiment decreased to 1.22 in Q4 2017. It’s down -0.02, from 1.24 in 2017Q3. The ratio worsened, as 22 institutional investors increased or started new stock positions, while 18 decreased and sold stock positions in Provident Financial Holdings Inc. The institutional investors in our database now have: 4.11 million shares, up from 4.04 million shares in 2017Q3. Also, the number of institutional investors holding Provident Financial Holdings Inc in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 15 Increased: 18 New Position: 4.

Raffles Associates Lp holds 7.6% of its portfolio in Provident Financial Holdings, Inc. for 393,096 shares. Continental Advisors Llc owns 148,333 shares or 0.59% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.03% invested in the company for 151,041 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0.01% in the stock. Dimensional Fund Advisors Lp, a Texas-based fund reported 657,877 shares.

Analysts await Provident Financial Holdings, Inc. (NASDAQ:PROV) to report earnings on April, 26. They expect $0.20 EPS, up 42.86% or $0.06 from last year’s $0.14 per share. PROV’s profit will be $1.50 million for 22.61 P/E if the $0.20 EPS becomes a reality. After $0.20 actual EPS reported by Provident Financial Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

The stock decreased 0.06% or $0.01 during the last trading session, reaching $18.09. About 12,658 shares traded. Provident Financial Holdings, Inc. (PROV) has declined 3.31% since March 31, 2017 and is downtrending. It has underperformed by 14.86% the S&P500.

Since January 1, 0001, it had 0 buys, and 4 sales for $812,410 activity.

Provident Financial Holdings, Inc. operates as the holding firm for Provident Savings Bank, F.S.B. that provides community and mortgage banking services to clients and small to mid-sized businesses in the Inland Empire region of Southern California. The company has market cap of $135.27 million. It operates through two divisions: Provident Bank and Provident Bank Mortgage. It has a 129.21 P/E ratio. The companyÂ’s deposit products include non-interest-bearing and interest-bearing checking accounts, savings accounts, money market accounts, and time deposits; and loan portfolio comprises single-family, multi-family, commercial real estate, construction, commercial business, consumer, and other mortgage loans.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Summit Gp Ltd Liability Corp invested in 118,700 shares or 0.86% of the stock. New York-based Beaconlight Capital Ltd Llc has invested 0.8% in Wells Fargo & Company (NYSE:WFC). Moreover, Laurion Mngmt LP has 0.09% invested in Wells Fargo & Company (NYSE:WFC) for 306,654 shares. Waters Parkerson Com Ltd Limited Liability Company has invested 0.32% of its portfolio in Wells Fargo & Company (NYSE:WFC). Payden Rygel stated it has 322,100 shares. Tributary Ltd Liability Co has 0.04% invested in Wells Fargo & Company (NYSE:WFC) for 6,900 shares. Westpac Bk has invested 0.72% of its portfolio in Wells Fargo & Company (NYSE:WFC). Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 248,060 shares or 0.59% of their US portfolio. Brown Advisory has 4.65M shares. Hanson Mcclain holds 33,574 shares or 0.16% of its portfolio. The Indiana-based Old National Bancorp In has invested 0.24% in Wells Fargo & Company (NYSE:WFC). Legacy Private Co accumulated 11,195 shares. Jane Street Grp Limited owns 262,660 shares for 0.05% of their portfolio. Monetary Group holds 0.47% or 19,298 shares in its portfolio. Johnson Fincl Grp Inc reported 0.33% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity. Codel Franklin R had sold 5,393 shares worth $292,234 on Friday, November 17.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on April, 12. They expect $1.07 earnings per share, up 7.00% or $0.07 from last year’s $1 per share. WFC’s profit will be $5.22B for 12.25 P/E if the $1.07 EPS becomes a reality. After $0.97 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 10.31% EPS growth.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company has $76 highest and $44 lowest target. $60.16’s average target is 14.79% above currents $52.41 stock price. Wells Fargo & Company had 133 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Monday, October 16 by BMO Capital Markets. BMO Capital Markets maintained it with “Hold” rating and $59.0 target in Thursday, January 4 report. Wood downgraded Wells Fargo & Company (NYSE:WFC) on Monday, February 5 to “Market Perform” rating. As per Thursday, March 29, the company rating was maintained by Sandler O’Neill. Keefe Bruyette & Woods maintained it with “Buy” rating and $61.0 target in Friday, August 25 report. The firm has “Neutral” rating given on Wednesday, April 26 by Guggenheim. RBC Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Wednesday, August 30. RBC Capital Markets has “Buy” rating and $60.0 target. Piper Jaffray upgraded Wells Fargo & Company (NYSE:WFC) rating on Tuesday, April 11. Piper Jaffray has “Neutral” rating and $55 target. Deutsche Bank upgraded the shares of WFC in report on Tuesday, September 8 to “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Monday, July 18 report.

Provident Financial Holdings, Inc. (NASDAQ:PROV) Institutional Positions Chart