Endeavour Capital Advisors Has Lowered Pacific Mercantile Bancorp (PMBC) Holding by $837,036 as Stock Rose; As Oracle (ORCL) Valuation Rose, Tocqueville Asset Management LP Decreased Stake

January 13, 2018 - By reb123z

Endeavour Capital Advisors Inc decreased its stake in Pacific Mercantile Bancorp (PMBC) by 4.7% based on its latest 2017Q3 regulatory filing with the SEC. Endeavour Capital Advisors Inc sold 93,004 shares as the company’s stock rose 2.60% with the market. The hedge fund held 1.88 million shares of the major banks company at the end of 2017Q3, valued at $17.24M, down from 1.98 million at the end of the previous reported quarter. Endeavour Capital Advisors Inc who had been investing in Pacific Mercantile Bancorp for a number of months, seems to be less bullish one the $209.87 million market cap company. It closed at $9.05 lastly. It is down 6.90% since January 13, 2017 and is uptrending. It has underperformed by 9.80% the S&P500.

Tocqueville Asset Management Lp decreased its stake in Oracle Corp (ORCL) by 1.14% based on its latest 2017Q3 regulatory filing with the SEC. Tocqueville Asset Management Lp sold 6,303 shares as the company’s stock rose 5.35% with the market. The institutional investor held 548,973 shares of the prepackaged software company at the end of 2017Q3, valued at $26.54M, down from 555,276 at the end of the previous reported quarter. Tocqueville Asset Management Lp who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $204.95B market cap company. The stock increased 1.14% or $0.56 during the last trading session, reaching $49.51. About 15.98M shares traded or 6.63% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 13, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle had 103 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets downgraded Oracle Corporation (NYSE:ORCL) on Friday, December 15 to “Sector Perform” rating. On Wednesday, January 11 the stock rating was initiated by Wells Fargo with “Outperform”. Drexel Hamilton maintained the shares of ORCL in report on Wednesday, June 21 with “Buy” rating. UBS maintained the stock with “Buy” rating in Wednesday, March 16 report. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Jefferies on Monday, July 24. As per Thursday, October 12, the company rating was maintained by Credit Suisse. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Friday, December 15 by Rosenblatt. The company was maintained on Friday, September 15 by Raymond James. Jefferies maintained the stock with “Buy” rating in Friday, September 15 report. UBS maintained the stock with “Buy” rating in Friday, September 15 report.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.18, from 0.95 in 2017Q2. It improved, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Amer Century Cos accumulated 12.62 million shares. 500 were reported by Cypress Ltd Liability Com (Wy). 31,200 are owned by Hudson Bay Cap Mngmt L P. Blb&B Advisors has invested 0.05% in Oracle Corporation (NYSE:ORCL). 28.64M are owned by Massachusetts Fincl Company Ma. Dumont & Blake Invest Advsr Limited Liability Company invested in 0.49% or 23,917 shares. Bradley Foster & Sargent Ct holds 47,273 shares or 0.09% of its portfolio. Verity Asset Management owns 7,314 shares or 0.27% of their US portfolio. 26.29M are owned by Brown Brothers Harriman And Co. Wg Shaheen And Assocs Dba Whitney And Comm accumulated 16,355 shares. Eagle Asset has invested 0.02% of its portfolio in Oracle Corporation (NYSE:ORCL). Piedmont Inv Advisors invested 0.88% of its portfolio in Oracle Corporation (NYSE:ORCL). Ghp Invest Advsr stated it has 0.59% of its portfolio in Oracle Corporation (NYSE:ORCL). Mechanics Comml Bank Trust Department reported 119,447 shares. 9,975 are held by Argi Inv Ser Ltd Liability Co.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 21. They expect $0.66 EPS, up 4.76% or $0.03 from last year’s $0.63 per share. ORCL’s profit will be $2.73 billion for 18.75 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Tocqueville Asset Management Lp, which manages about $12.62B and $8.69B US Long portfolio, upped its stake in Siemens Ag (SIEGY) by 92,310 shares to 534,557 shares, valued at $37.82 million in 2017Q3, according to the filing. It also increased its holding in Johnson Ctls Intl Plc Shs by 32,150 shares in the quarter, for a total of 872,670 shares, and has risen its stake in Colgate Palmolive Co (NYSE:CL).

Since December 11, 2017, it had 0 buys, and 1 insider sale for $83,044 activity.

Endeavour Capital Advisors Inc, which manages about $972.14 million and $264.86 million US Long portfolio, upped its stake in Enterprise Finl Svcs Corp (NASDAQ:EFSC) by 412,224 shares to 443,986 shares, valued at $18.80M in 2017Q3, according to the filing. It also increased its holding in Opus Bk Irvine Calif (NASDAQ:OPB) by 115,749 shares in the quarter, for a total of 645,336 shares, and has risen its stake in Midland Sts Bancorp Inc Ill.

Among 2 analysts covering Pacific Mercantile Bancorp (NASDAQ:PMBC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pacific Mercantile Bancorp had 4 analyst reports since May 26, 2017 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, May 26. The stock of Pacific Mercantile Bancorp (NASDAQ:PMBC) has “Buy” rating given on Thursday, August 3 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. Wood upgraded the stock to “Outperform” rating in Thursday, August 3 report.

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