Bryn Mawr Floored By This Flooring Maker, Which Leads Its Small-Cap Stock Picks

Bryn Mawr Capital held a total of 118,448 shares of IBERIABANK Corp (NASDAQ:IBKC), worth $7.47 million, having raised its stake in the stock from the previous 72,954 shares. In a major move towards expanding its activities and stakes in the banking industry, the company announced the finalization of its acquisition of Georgia Commerce Bancshares. This included the purchase of its subsidiary Georgia Commerce Bank, which is based in Atlanta, Georgia. The stock currently has a one-year price target of $69 based on analysts’ updates within the past year, suggesting limited enthusiasm for the stock at the moment, with it currently trading at $69.22. In its most recent results, IBERIABANK Corp (NASDAQ:IBKC) posted $0.95 in earnings per share, falling short of analysts’ consensus estimate of $0.98. The financial holding company is expected to achieve $4.38 in earnings per share for the current fiscal year. A total of 13 hedge funds held $144.54 million of the stock at the end of the first quarter. These included Mark Lee‘s Forest Hill Capital with 729,365 shares and billionaire Ken Griffin’s Citadel Investment Group.

Bryn Mawr held 414,488 shares of Umpqua Holdings Corp (NASDAQ:UMPQ), valued at $7.12 million, representing an increase over the end of 2014 when it held 126,416 shares. The company is expected to post earnings per share of $0.33 for the current quarter. Analysts will be keen to see whether the stock posts a positive surprise factor, having had a surprise factor of -10.34% during the first quarter, when it reported earnings per share of $0.26, missing analysts’ consensus estimate of $0.29 per share. Umpqua Holdings Corp (NASDAQ:UMPQ)’s one year price target has been set at $19.33, suggesting upside of about 10%. At the end of the first quarter of 2015, 14 hedge funds held stakes in Bryn Mawr Capital, with an aggregate investment value of $286.29 million. Three of the funds were run by billionaires. Some of these hedge funds are billionaire Israel Englander’s Millennium Management, billionaire Ken Fisher‘s Fisher Asset Management, and Mark Lee’s Forest Hill Capital.

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