First American Corp (NYSE:FAF).
Basswood Capital Management, L.l.c. lowered its investment in First American Corp by 344,028 shares in the quarter ending 09/30/2017. Its position stood at $18,501,000 a decrease of $13,420,000 according to the filing.
Several firms have updated their holdings. Alliancebernstein L.P. divested its stake by selling 121,806 shares a decrease of 3.6% as of 09/30/2017. Alliancebernstein L.P. now controls 3,296,223 shares with a value of $164,712,000. The total value of its holdings increased 7.8%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its position by buying 57 shares an increase of 0.4% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS currently owns 16,152 shares worth $807,000. The value of the position overall is up by 12.2%.
Raymond James & Associates trimmed its holdings by selling 267 shares a decrease of 1.1%. Raymond James & Associates controls 24,758 shares valued at $1,237,000. The total value of its holdings increased 10.6%.
Equity analyst Barclays PLC raised the price target on October 27 changing the forecast from $52.00 to $60.00 and stated a “Overweight” rating.
The company is so far trading down by 0.33% percent from yesterday’s close. The most current P/E ratio is 21.57 and the market cap of the company is 6.04B. As of the latest earnings report the EPS was $2.53 with 110.82M shares presently outstanding.
Investors are more bullish on First American Corp lately as shown by the motion in short interest. The stock saw a fall in short interest of -7.45% as of the latest report on October 31, 2017. Short shares fell from 2,176,784 to 2,014,541 over that period. With short interest at 2,014,541 and short average daily volume at 674,635, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.02% as of October 31.