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Sunday, January 20, 2019

First Citizens Bank & Trust Co. Has $228,000 Position in General Dynamics Co. (GD) - Fairfield Current

First Citizens Bank & Trust Co. lowered its position in shares of General Dynamics Co. (NYSE:GD) by 34.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,452 shares of the aerospace company’s stock after selling 760 shares during the period. First Citizens Bank & Trust Co.’s holdings in General Dynamics were worth $228,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GD. Moody National Bank Trust Division lifted its position in General Dynamics by 120.0% in the fourth quarter. Moody National Bank Trust Division now owns 363 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 198 shares during the last quarter. Csenge Advisory Group purchased a new stake in shares of General Dynamics in the third quarter valued at about $80,000. Zions Bancorporation purchased a new stake in shares of General Dynamics in the third quarter valued at about $109,000. Psagot Investment House Ltd. purchased a new stake in shares of General Dynamics in the third quarter valued at about $133,000. Finally, Pflug Koory LLC purchased a new stake in shares of General Dynamics in the third quarter valued at about $160,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.

GD stock opened at $168.58 on Friday. The company has a market capitalization of $49.92 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. General Dynamics Co. has a 12 month low of $143.87 and a 12 month high of $230.00. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 24th. The aerospace company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.76 by $0.13. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.41 billion. General Dynamics had a net margin of 9.01% and a return on equity of 27.22%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.52 earnings per share. Equities analysts anticipate that General Dynamics Co. will post 11.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, January 18th will be given a $0.93 dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $3.72 annualized dividend and a dividend yield of 2.21%. General Dynamics’s dividend payout ratio is presently 37.39%.

GD has been the subject of a number of research reports. FIG Partners raised shares of General Dynamics to an “add” rating in a report on Tuesday, January 8th. Argus reduced their target price on shares of General Dynamics from $250.00 to $200.00 and set a “buy” rating for the company in a report on Friday, October 26th. Cowen reaffirmed a “buy” rating and issued a $253.00 target price on shares of General Dynamics in a report on Wednesday, October 24th. Credit Suisse Group reiterated a “buy” rating and set a $190.00 price target on shares of General Dynamics in a research note on Monday, January 14th. Finally, Jefferies Financial Group lowered shares of General Dynamics from a “buy” rating to a “hold” rating and dropped their price target for the stock from $197.00 to $164.00 in a research note on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. General Dynamics has a consensus rating of “Hold” and an average target price of $217.89.

In other news, Director Catherine B. Reynolds acquired 600 shares of General Dynamics stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average price of $167.64 per share, with a total value of $100,584.00. Following the completion of the purchase, the director now owns 1,153 shares of the company’s stock, valued at approximately $193,288.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark Malcolm acquired 3,000 shares of General Dynamics stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average cost of $169.87 per share, for a total transaction of $509,610.00. Following the purchase, the director now directly owns 4,455 shares of the company’s stock, valued at approximately $756,770.85. The disclosure for this purchase can be found here. 6.90% of the stock is owned by corporate insiders.

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General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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First Citizens Bank & Trust Co. Buys Shares of 5,629 Greif, Inc. (GEF) - Fairfield Current

First Citizens Bank & Trust Co. bought a new position in Greif, Inc. (NYSE:GEF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,629 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also modified their holdings of GEF. Deprince Race & Zollo Inc. bought a new stake in shares of Greif during the 3rd quarter valued at about $17,584,000. Marshall Wace LLP boosted its position in shares of Greif by 3,124.9% during the 3rd quarter. Marshall Wace LLP now owns 313,334 shares of the industrial products company’s stock valued at $16,814,000 after acquiring an additional 303,618 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in Greif by 36.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 433,170 shares of the industrial products company’s stock worth $23,244,000 after buying an additional 116,519 shares during the last quarter. AQR Capital Management LLC lifted its position in Greif by 61.7% in the 3rd quarter. AQR Capital Management LLC now owns 262,223 shares of the industrial products company’s stock worth $14,071,000 after buying an additional 100,047 shares during the last quarter. Finally, Investment Counselors of Maryland LLC lifted its position in Greif by 27.3% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 410,559 shares of the industrial products company’s stock worth $22,031,000 after buying an additional 87,942 shares during the last quarter. Hedge funds and other institutional investors own 47.71% of the company’s stock.

Greif stock opened at $40.52 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.46. Greif, Inc. has a 12 month low of $31.80 and a 12 month high of $62.75. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.26 and a beta of 1.56.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, December 5th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The business had revenue of $987.70 million for the quarter, compared to the consensus estimate of $1.02 billion. Greif had a net margin of 5.41% and a return on equity of 18.24%. On average, research analysts predict that Greif, Inc. will post 3.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 1st. Investors of record on Tuesday, December 18th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Monday, December 17th. Greif’s dividend payout ratio (DPR) is presently 49.86%.

A number of analysts recently weighed in on the company. ValuEngine downgraded Greif from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 26th. Zacks Investment Research cut Greif from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. Wells Fargo & Co decreased their price target on Greif from $65.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, December 7th. Robert W. Baird cut Greif from an “outperform” rating to a “neutral” rating in a research note on Monday, January 7th. Finally, BMO Capital Markets cut Greif from an “outperform” rating to an “underperform” rating and set a $34.25 price target on the stock. in a research note on Thursday, December 20th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has an average rating of “Sell” and an average price target of $43.21.

In related news, CFO Lawrence A. Hilsheimer purchased 4,600 shares of Greif stock in a transaction on Saturday, December 28th. The stock was acquired at an average price of $43.67 per share, for a total transaction of $200,882.00. Following the completion of the transaction, the chief financial officer now directly owns 31,861 shares in the company, valued at approximately $1,391,369.87. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter G. Watson purchased 10,000 shares of Greif stock in a transaction on Thursday, December 27th. The stock was bought at an average price of $33.26 per share, with a total value of $332,600.00. Following the transaction, the chief executive officer now owns 51,299 shares of the company’s stock, valued at $1,706,204.74. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 22,601 shares of company stock valued at $836,916. 17.03% of the stock is owned by company insiders.

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About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Institutional Ownership by Quarter for Greif (NYSE:GEF)

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Business digest: Jan. 20, 2019 | Local | news-journal.com - Longview News-Journal

Kinman to lead at Christus-Marshall

Christus Good Shepherd Medical Center-Marshall has named as administrator Brett Kinman, who will oversee the growth in Marshall and the surrounding area.

Kinman will have operational oversight of the hospital, as well as work in collaboration with Christus Good Shepherd Health System leadership, physicians and community leaders to promote patient quality and growth for Christus Good Shepherd-Marshall.

“Brett is a seasoned health care leader and has an excellent understanding of the health care landscape in Texas and this region,” Jason Adams, chief operating officer of Christus Good Shepherd Health System, said in a statement.

Kinman joins Christus Good Shepherd from HCA Healthcare, where he served as chief operating officer and interim CEO for Tomball Regional Medical Center.

He previously was CEO for Forrest City Medical Center in Forrest City, Arkansas. He holds a master’s degree in health care administration from Trinity University, as well as a bachelor’s degree in biomedical science from Texas A&M University.

“I embrace the mission of Christus Health to extend the healing ministry of Jesus Christ to every person that we encounter at Christus Good Shepherd Medical Center-Marshall,” Kinman said in a statement. “I look forward to continuing to build on the outstanding foundation that is in place here and to expanding the services and facilities in Marshall.”

Tidwell elected by bankers association

Brad Tidwell, president and CEO of Citizens National Bank in Henderson, now serves as secretary-treasurer of the Independent Bankers Association of Texas board of directors for 2018-2019. He accepted the position during the association’s 44th annual convention in San Antonio in late September.

As of Tuesday, Citizens National Bank will become known as VeraBank, a move it said was necessitated by its expansion into markets with like-named banks.

Tidwell has served the Henderson and surrounding community at Citizens National Bank for nearly 12 years, 11 of which have been in his current position.

He is active in the banking industry and his community. He currently serves as chairman of the Texas A&M University Mays Business School Commercial Banking Program board and has been an Independent Bankers board member for the past four years prior to his new position.

Locally, Tidwell serves as chairman of the Longview Foundation. He previously served as chairman of the Longview Chamber of Commerce and many other volunteer leadership positions.

The Austin-based Independent Bankers Association represents more than 2,800 independent banks and branches in 700 Texas communities. More information about the new board of directors can be found at ibat.org

Cattlemen announce convention details

FORT WORTH — The Texas and Southwestern Cattle Raisers Association announced details of its annual Cattle Raisers Convention and Expo set for March 29-31 at the Fort Worth Convention Center.

The 2019 Cattle Raisers Convention and Expo is the largest ranching event of the year in the Southwestern United States. It will feature programs and activities of interest to cattle raisers, landowners and the general public, with opportunities for everyone to participate.

Ranchers are invited to attend professional development classes offering practical education at the beginner and advanced levels. This year’s School for Successful Ranching will offer learning sessions and live demonstrations on topics including cattle health, legal issues, range and pasture management and marketing.

Two evening classes are being offered in 2019. On Thursday, March 28, at 6 p.m., the Ranch to Retail Workshop will showcase how beef carcasses are transformed into the retail cuts valued by consumers. The second workshop will be at 6 p.m. March 29 and offer in-depth livestock handling instruction from stockmanship and stewardship expert Curt Pate.

This year will feature the largest Expo in the history of the Cattle Raisers Convention with more than 250 booths offering a vast array of ranching supplies, services, jewelry, clothing, local food and more.

Registration is now open. Visit CattleRaisersConvention.com for more information and to register to attend and reserve hotel rooms at the headquarters hotels. The deadline for early registration and to reserve a room at the convention rate is Feb. 15.



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Saturday, January 19, 2019

Citizens Bank gives African American Museum $25000 for King celebration - The Philadelphia Tribune

Citizens Bank presented the museum with a $25,000 contribution on behalf of the Citizens Charitable Foundation to support the 2019 Martin Luther King Weekend Celebration at the African American Museum in Philadelphia.

The museum and Citizens Bank are going into their 13th year of celebrating the life and legacy of Martin Luther King Jr. together.

Throughout the weekend and during Monday’s MLK Day Celebration, the museum’s 2019 theme “Media and the Movement” will explore the relationship between news media, and current and historic social justice movements in the United States.

“There is a clear connection between the very wise strategies employed by Dr. King and what we see now with #BlackLivesMatter and other hashtag movements,” said museum President/CEO Patricia Wilson Alden. “We wanted to chronicle that and talk about how this partnership actually energized the African-American community’s engagement, so it is an interesting touch point that many of our citizens are not aware of. There has been deep thought and deep connection between the media and the movement for decades now — and it continues to grow and evolve as the media continues to grow and evolve and as we continue to face these issues as a community.”

This celebration includes four days of events and special activities, culminating in a free and discounted day at the museum on Martin Luther King Day (Monday, Jan. 21). The money will help the museum give away 1,000 free tickets on a first-come-first-served basis and $3-discounted tickets for anyone not receiving a free ticket on Jan. 21. Museum admission is usually $14 for adults and $10 for youth, students and seniors.

Guests can also explore the core exhibition “Audacious Freedom: African Americans in Philadelphia,” along with two special photography exhibitions, “Cotton: The Soft, Dangerous Beauty of the Past” and “Photographic Memory.”



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Friday, January 18, 2019

Citizens National Bank changes name to VeraBank | Business - Marshall News Messenger

From Staff Reports

As of Jan. 22, there will be a new bank name across East Texas. Citizens National Bank on that day will become VeraBank.

The name change is necessitated by the bank’s growth, said Brad Tidwell, president and CEO. As Citizens has grown into new markets, it has bumped up against like-named banks. The new name, which rhymes with “Sarah,” aims to avoid that.

“Our goal was to find a name that was unique, simple, transparent, and identifiable, and I truly believe we have done just that,” Tidwell said in a statement. “The decision to change was not an easy one but was necessary for the future of the bank.”

While the name change is official Jan. 22, locations across all markets will be transitioning to the new look over the coming months. Citizens said its identifiable brand colors — teal and orange — will remain the same. The logo will be slightly modified to reflect a more modern look but keep the diamond shapes to signify continuity.

Executive Vice President and Chief Retail Officer Woodie Tipps said the refreshed brand would set the bank apart in markets. “It is designed to appeal to new communities and younger customers — while celebrating and acknowledging those longtime customers we’ve always had the pleasure to serve,” he said.

Henderson-based Citizens National Bank was established in 1930 and serves East and Central Texas with its network of 36 branches and $2.3 billion in assets. VeraBank also has trust assets under management in excess of $600 million.

Locally, Citizens operations banks at 1708 E. End Blvd. North in Marshall and 745 Spur 156 in Waskom.



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