British Amern Tob Plc Sponsore (BTI) Share Value Declined While Tocqueville Asset Management LP Has Upped Position; As Banc Of California (BANC) Market Value Declined, Shareholder Second Curve Capital Upped Its Stake

May 18, 2018 - By Michael Leger

British American Tobacco p.l.c. (NYSE:BTI) Logo

Tocqueville Asset Management Lp increased its stake in British Amern Tob Plc Sponsore (BTI) by 3.2% based on its latest 2017Q4 regulatory filing with the SEC. Tocqueville Asset Management Lp bought 13,375 shares as the company’s stock declined 16.55% with the market. The institutional investor held 430,764 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $28.86M, up from 417,389 at the end of the previous reported quarter. Tocqueville Asset Management Lp who had been investing in British Amern Tob Plc Sponsore for a number of months, seems to be bullish on the $105.99 billion market cap company. The stock decreased 0.56% or $0.29 during the last trading session, reaching $51.12. About 1.56 million shares traded. British American Tobacco p.l.c. (NYSEMKT:BTI) has declined 15.61% since May 18, 2017 and is downtrending. It has underperformed by 27.16% the S&P500.

Tom Brown increased its stake in Banc Of California Inc (BANC) by 300% based on its latest 2017Q4 regulatory filing with the SEC. Second Curve Capital Llc bought 105,000 shares as the company’s stock declined 11.29% with the market. The hedge fund run by Tom Brown held 140,000 shares of the finance company at the end of 2017Q4, valued at $2.89M, up from 35,000 at the end of the previous reported quarter. Second Curve Capital Llc who had been investing in Banc Of California Inc for a number of months, seems to be bullish on the $949.79 million market cap company. The stock decreased 0.13% or $0.02 during the last trading session, reaching $18.77. About 200,870 shares traded. Banc of California, Inc. (NYSE:BANC) has declined 9.16% since May 18, 2017 and is downtrending. It has underperformed by 20.71% the S&P500.

More notable recent Banc of California, Inc. (NYSE:BANC) news were published by: Prnewswire.com which released: “Banc of California to Present at DA Davidson Financial Institutions Conference on May 9, 2018” on May 07, 2018, also Prnewswire.com with their article: “Banc of California Announces Schedule of First Quarter 2018 Earnings Release and Conference Call” published on April 20, 2018, Globenewswire.com published: “Investor Expectations to Drive Momentum within Banc of California, Alarm, Consolidated Edison, Summit Midstream …” on April 23, 2018. More interesting news about Banc of California, Inc. (NYSE:BANC) were released by: Seekingalpha.com and their article: “Banc of California’s (BANC) CEO Doug Bowers on Q1 2018 Results – Earnings Call Transcript” published on April 28, 2018 as well as Prnewswire.com‘s news article titled: “Banc of California Announces Quarterly Dividends” with publication date: April 29, 2018.

Second Curve Capital Llc, which manages about $545.33 million and $254.14M US Long portfolio, decreased its stake in Zions Bancorporation (NASDAQ:ZIONW) by 213,300 shares to 493,352 shares, valued at $9.28M in 2017Q4, according to the filing. It also reduced its holding in First Utd Corp (NASDAQ:FUNC) by 87,000 shares in the quarter, leaving it with 141,882 shares, and cut its stake in Meta Finl Group Inc (NASDAQ:CASH).

Since February 1, 2018, it had 1 buying transaction, and 0 sales for $386,000 activity.

Among 12 analysts covering Banc of California (NYSE:BANC), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Banc of California had 30 analyst reports since November 9, 2015 according to SRatingsIntel. Sandler O’Neill maintained Banc of California, Inc. (NYSE:BANC) on Friday, March 16 with “Buy” rating. The rating was upgraded by Raymond James on Wednesday, May 4 to “Outperform”. The stock of Banc of California, Inc. (NYSE:BANC) has “Hold” rating given on Thursday, February 8 by FBR Capital. The stock of Banc of California, Inc. (NYSE:BANC) has “Mkt Perform” rating given on Friday, July 1 by FBR Capital. The stock has “Underperform” rating by Bank of America on Friday, April 6. The firm has “Outperform” rating given on Monday, May 2 by Wells Fargo. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. The rating was maintained by FBR Capital on Thursday, May 4 with “Outperform”. The stock of Banc of California, Inc. (NYSE:BANC) has “Mkt Perform” rating given on Monday, November 9 by Raymond James. FBR Capital maintained the stock with “Hold” rating in Friday, March 16 report.

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.20, from 0.98 in 2017Q3. It is negative, as 22 investors sold BANC shares while 66 reduced holdings. 26 funds opened positions while 43 raised stakes. 56.03 million shares or 5.95% less from 59.57 million shares in 2017Q3 were reported. Ranger Investment Management Ltd Partnership has 2.34 million shares for 3.55% of their portfolio. Lpl Finance Lc holds 0% in Banc of California, Inc. (NYSE:BANC) or 27,000 shares. California Pub Employees Retirement Systems holds 55,900 shares. Arizona State Retirement Systems holds 0.01% of its portfolio in Banc of California, Inc. (NYSE:BANC) for 71,569 shares. Kennedy Cap Mngmt holds 0.2% of its portfolio in Banc of California, Inc. (NYSE:BANC) for 546,913 shares. Millennium Management Limited Liability Company has 110,127 shares. Credit Suisse Ag owns 34,974 shares for 0% of their portfolio. Morgan Stanley holds 0% or 211,550 shares in its portfolio. Pinebridge Invs Lp holds 0.07% or 138,791 shares in its portfolio. Gemmer Asset Mngmt Lc owns 181 shares. Moreover, Dimensional Fund Limited Partnership has 0.02% invested in Banc of California, Inc. (NYSE:BANC) for 2.37M shares. Alphaone Investment Ser Ltd Liability Co invested 0.43% in Banc of California, Inc. (NYSE:BANC). Glenmede Tru Na stated it has 0% of its portfolio in Banc of California, Inc. (NYSE:BANC). Tiaa Cref Mngmt Limited Liability Co reported 0% stake. Fsi Group Inc Limited Liability Company reported 0.06% stake.

Among 7 analysts covering British Amrcn Tobacco (NYSEMKT:BTI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. British Amrcn Tobacco had 9 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by Investec to “Buy” on Friday, August 4. Piper Jaffray initiated the stock with “Overweight” rating in Thursday, May 25 report. The stock of British American Tobacco p.l.c. (NYSE:BTI) has “Buy” rating given on Tuesday, August 4 by Bank of America. The rating was downgraded by Societe Generale on Friday, July 29 to “Hold”. The firm earned “Market Perform” rating on Tuesday, August 25 by Cowen & Co. The stock has “Sell” rating by Goldman Sachs on Thursday, December 10. As per Friday, October 28, the company rating was upgraded by Societe Generale. Morgan Stanley upgraded the shares of BTI in report on Wednesday, November 2 to “Overweight” rating. The firm has “Buy” rating by Investec given on Thursday, September 8.

Banc of California, Inc. (NYSE:BANC) Ratings Chart

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