AMG National Trust Bank Has $1.44 Million Stock Position in Potlatch Corporation $PCH

AMG National Trust Bank decreased its position in Potlatch Corporation (NASDAQ:PCH) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,510 shares of the real estate investment trust’s stock after selling 1,663 shares during the period. AMG National Trust Bank’s holdings in Potlatch were worth $1,439,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in Potlatch in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC grew its stake in shares of Potlatch by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 411 shares during the period. UMB Bank n.a. grew its stake in shares of Potlatch by 32.3% in the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 279 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Potlatch in the 1st quarter valued at approximately $52,000. Finally, Quarry LP grew its stake in shares of Potlatch by 70.9% in the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

Potlatch Stock Down 1.3%

NASDAQ PCH opened at $40.00 on Friday. The firm has a market cap of $3.09 billion, a PE ratio of 75.47 and a beta of 1.10. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12. The stock’s 50 day simple moving average is $41.49 and its 200 day simple moving average is $40.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75.

Potlatch (NASDAQ:PCH) last released its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.94 EPS for the quarter. The business had revenue of $354.19 million for the quarter. Potlatch had a return on equity of 2.10% and a net margin of 3.94%. As a group, sell-side analysts forecast that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.45 per share. The ex-dividend date was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Potlatch’s dividend payout ratio is 339.62%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PCH. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Citigroup reiterated a “neutral” rating and issued a $45.00 price objective (down from $49.00) on shares of Potlatch in a research note on Wednesday, October 15th. Wall Street Zen lowered Potlatch from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Zacks Research lowered Potlatch from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Truist Financial lowered their price objective on Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.20.

Potlatch Company Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.