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Second Curve Capital Has Increased Its Holding in Banc Of California (BANC) by $2.10 Million as Share Price Declined; Greatmark Investment Partners Stake in Qualcomm (QCOM) Boosted as Valuation Declined

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Greatmark Investment Partners Inc increased its stake in Qualcomm Inc (QCOM) by 20699% based on its latest 2017Q4 regulatory filing with the SEC. Greatmark Investment Partners Inc bought 124,194 shares as the company’s stock declined 15.28% with the market. The institutional investor held 124,794 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $7.99M, up from 600 at the end of the previous reported quarter. Greatmark Investment Partners Inc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $84.57 billion market cap company. The stock increased 0.60% or $0.34 during the last trading session, reaching $57.04. About 1.75 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 17, 2017 and is downtrending. It has underperformed by 14.76% 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 $2.89 million, 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 $953.58 million market cap company. The stock increased 0.53% or $0.1 during the last trading session, reaching $18.85. About 35,818 shares traded. Banc of California, Inc. (NYSE:BANC) has declined 9.16% since May 17, 2017 and is downtrending. It has underperformed by 20.71% the S&P500.

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. The firm earned “Market Perform” rating on Friday, May 5 by Wood. The rating was downgraded by FBR Capital to “Hold” on Thursday, February 1. The stock of Banc of California, Inc. (NYSE:BANC) earned “Underperform” rating by Bank of America on Friday, April 6. FBR Capital maintained Banc of California, Inc. (NYSE:BANC) rating on Thursday, October 20. FBR Capital has “Mkt Perform” rating and $16 target. Piper Jaffray initiated the shares of BANC in report on Thursday, December 21 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. On Thursday, July 6 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Thursday, September 28 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Keefe Bruyette & Woods maintained the shares of BANC in report on Monday, February 26 with “Hold” rating. Sandler O’Neill maintained the shares of BANC in report on Friday, March 16 with “Buy” rating.

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. Advisors Asset Mgmt Inc has invested 0% in Banc of California, Inc. (NYSE:BANC). First Mercantile Trust Communication owns 0.04% invested in Banc of California, Inc. (NYSE:BANC) for 9,387 shares. Jpmorgan Chase Communication, a New York-based fund reported 150,333 shares. Amer Century Cos invested in 0.01% or 310,832 shares. Salzhauer Michael invested 0.25% of its portfolio in Banc of California, Inc. (NYSE:BANC). Pnc Financial Group Inc Inc owns 1,009 shares or 0% of their US portfolio. Public Employees Retirement Systems Of Ohio, a Ohio-based fund reported 111,133 shares. Rhumbline Advisers has 0% invested in Banc of California, Inc. (NYSE:BANC). Teacher Retirement Sys Of Texas holds 14,446 shares or 0% of its portfolio. Great West Life Assurance Can invested in 0% or 57,604 shares. Sei Invests Company owns 3,030 shares. Parkside Comml Bank & holds 0% of its portfolio in Banc of California, Inc. (NYSE:BANC) for 12 shares. Forest Hill Capital Limited Liability Com accumulated 670,673 shares or 3.92% of the stock. Blackrock accumulated 5.84 million shares. Legal And General Grp Public Limited Com reported 0% in Banc of California, Inc. (NYSE:BANC).

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

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

Second Curve Capital Llc, which manages about $545.33M and $254.14M US Long portfolio, decreased its stake in Bancorp Inc Del (NASDAQ:TBBK) by 235,900 shares to 3.10M shares, valued at $30.67M in 2017Q4, according to the filing. It also reduced its holding in Tristate Capital Holdings Inc (NASDAQ:TSC) by 82,044 shares in the quarter, leaving it with 1.18 million shares, and cut its stake in William Lyon Homes (NYSE:WLH).

Since January 9, 2018, it had 0 insider buys, and 8 selling transactions for $7.62 million activity. Rosenberg Donald J also sold $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, May 8. GROB MATTHEW S had sold 43,000 shares worth $2.81M on Tuesday, January 9. 50,126 shares were sold by THOMPSON JAMES H, worth $3.14 million. AMON CRISTIANO R sold 16,082 shares worth $852,989.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “China restarts Qualcomm-NXP deal review” on May 14, 2018, also Seekingalpha.com with their article: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” published on May 17, 2018, Seekingalpha.com published: “Qualcomm: Path To Higher Profits” on May 02, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Benzinga.com and their article: “Dan Nathan Sees Unusual Options Activity In Qualcomm” published on May 15, 2018 as well as Investorplace.com‘s news article titled: “Speculators Are Piling into Qualcomm, Inc. Stock for Two Big Reasons” with publication date: May 14, 2018.

Greatmark Investment Partners Inc, which manages about $285.51M and $275.91 million US Long portfolio, decreased its stake in Cisco Systems Inc (NASDAQ:CSCO) by 8,462 shares to 241,495 shares, valued at $9.25 million in 2017Q4, according to the filing. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 12,017 shares in the quarter, leaving it with 252,614 shares, and cut its stake in Home Depot Inc (NYSE:HD).

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It is negative, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Clearbridge Investments Lc holds 636,244 shares or 0.04% of its portfolio. Eagle Ridge Invest Mgmt reported 80,319 shares. Shamrock Asset Management Ltd holds 0.14% in QUALCOMM Incorporated (NASDAQ:QCOM) or 3,611 shares. Southport Mngmt Limited Liability Com has 17,500 shares. Comml Bank Of Nova Scotia owns 0.18% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 605,731 shares. Catawba Capital Management Va holds 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM) or 4,343 shares. 229,518 are held by Commonwealth Fincl Bank Of. Cadence Cap Mgmt Limited Liability Corporation has invested 0.8% in QUALCOMM Incorporated (NASDAQ:QCOM). Jnba Fincl Advsrs holds 16,117 shares. Shell Asset invested in 0.36% or 284,851 shares. Goelzer has 195,579 shares. Geode Capital Ltd holds 0.35% or 16.24M shares in its portfolio. Dumont And Blake Investment Advsrs Limited Co has invested 0.2% in QUALCOMM Incorporated (NASDAQ:QCOM). Osher Van De Voorde Investment Mngmt accumulated 4.3% or 155,687 shares. Cambridge Advsrs invested in 11,265 shares.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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