Acxiom Corp. (ACXM) Stock Rose While Falcon Point Capital Lowered Its Position by $2.05 Million; Banc Funds Co Has Lowered First Bank (FRBA) Position by $1.65 Billion as Stock Value Rose

April 2, 2018 - By Vivian Currie

Banc Funds Co Llc decreased its stake in First Bank (FRBA) by 8.76% based on its latest 2017Q4 regulatory filing with the SEC. Banc Funds Co Llc sold 119,473 shares as the company’s stock rose 2.52% while stock markets declined. The hedge fund held 1.24M shares of the company at the end of 2017Q4, valued at $17.24B, down from 1.36M at the end of the previous reported quarter. Banc Funds Co Llc who had been investing in First Bank for a number of months, seems to be less bullish one the $251.74 million market cap company. The stock increased 1.05% or $0.15 during the last trading session, reaching $14.4. About 19,182 shares traded. First Bank (NASDAQ:FRBA) has risen 23.91% since April 2, 2017 and is uptrending. It has outperformed by 12.36% the S&P500.

Falcon Point Capital Llc decreased its stake in Acxiom Corp. (ACXM) by 14.91% based on its latest 2017Q4 regulatory filing with the SEC. Falcon Point Capital Llc sold 76,056 shares as the company’s stock rose 11.18% while stock markets declined. The institutional investor held 434,100 shares of the edp services company at the end of 2017Q4, valued at $11.96 million, down from 510,156 at the end of the previous reported quarter. Falcon Point Capital Llc who had been investing in Acxiom Corp. for a number of months, seems to be less bullish one the $1.79 billion market cap company. The stock decreased 19.04% or $5.34 during the last trading session, reaching $22.71. About 17.44 million shares traded or 1887.94% up from the average. Acxiom Corporation (NASDAQ:ACXM) has risen 11.14% since April 2, 2017 and is uptrending. It has underperformed by 0.41% the S&P500.

Analysts await First Bank (NASDAQ:FRBA) to report earnings on April, 23. They expect $0.22 earnings per share, up 29.41% or $0.05 from last year’s $0.17 per share. FRBA’s profit will be $3.85M for 16.36 P/E if the $0.22 EPS becomes a reality. After $0.18 actual earnings per share reported by First Bank for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

Banc Funds Co Llc, which manages about $1.41B and $2146.88B US Long portfolio, upped its stake in Santa Cruz County Bank (SCZC) by 8,987 shares to 27,365 shares, valued at $1.34B in 2017Q4, according to the filing. It also increased its holding in Sierra Bancorp (NASDAQ:BSRR) by 41,434 shares in the quarter, for a total of 486,746 shares, and has risen its stake in Suncrest Bank.

Among 2 analysts covering First Bank (NASDAQ:FRBA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First Bank had 7 analyst reports since December 13, 2016 according to SRatingsIntel. Robert W. Baird upgraded the shares of FRBA in report on Tuesday, May 30 to “Outperform” rating. Robert W. Baird maintained First Bank (NASDAQ:FRBA) on Tuesday, October 31 with “Buy” rating. The company was maintained on Wednesday, January 10 by Robert W. Baird. The firm has “Buy” rating given on Wednesday, January 31 by Sandler O’Neill. The stock has “Neutral” rating by Robert W. Baird on Tuesday, December 13. The firm earned “Buy” rating on Wednesday, November 1 by Sandler O’Neill.

Analysts await Acxiom Corporation (NASDAQ:ACXM) to report earnings on May, 15. They expect $0.04 EPS, up 33.33% or $0.01 from last year’s $0.03 per share. ACXM’s profit will be $3.15M for 141.94 P/E if the $0.04 EPS becomes a reality. After $0.17 actual EPS reported by Acxiom Corporation for the previous quarter, Wall Street now forecasts -76.47% negative EPS growth.

Since March 29, 2018, it had 1 insider purchase, and 0 insider sales for $2,308 activity.

Investors sentiment decreased to 1.13 in 2017 Q4. Its down 0.42, from 1.55 in 2017Q3. It worsened, as 18 investors sold ACXM shares while 62 reduced holdings. 31 funds opened positions while 59 raised stakes. 70.43 million shares or 3.16% less from 72.72 million shares in 2017Q3 were reported. Renaissance Technologies Llc has invested 0.01% in Acxiom Corporation (NASDAQ:ACXM). Blackrock reported 8.35 million shares. Aqr Mngmt Limited Com invested 0.01% of its portfolio in Acxiom Corporation (NASDAQ:ACXM). D E Shaw And Inc holds 0.04% or 1.16M shares in its portfolio. Wealthtrust holds 0% in Acxiom Corporation (NASDAQ:ACXM) or 117 shares. Bancshares Of Ny Mellon reported 0.04% in Acxiom Corporation (NASDAQ:ACXM). Aperio Grp Incorporated Limited Liability invested in 0.01% or 58,482 shares. Comerica State Bank holds 0.01% or 68,246 shares in its portfolio. Employees Retirement Association Of Colorado invested in 0% or 17,243 shares. Neuberger Berman Grp Limited Liability Corporation holds 0.05% or 1.53 million shares in its portfolio. New Mexico Educational Retirement Board reported 19,692 shares or 0.02% of all its holdings. Kbc Group Nv holds 0% of its portfolio in Acxiom Corporation (NASDAQ:ACXM) for 1,935 shares. Royal Bancorp Of Canada has 3,452 shares for 0% of their portfolio. California State Teachers Retirement Systems invested in 124,967 shares. Profund Advsrs Limited accumulated 12,184 shares or 0.01% of the stock.

By1 Vivian Currie