Cumberland Partners LTD Has Lifted Its Bank Of America (BAC) Holding by $3.85 Million; As Stonecastle Finl (BANX) Market Valuation Rose, Greenwich Investment Management Has Boosted Position by $487,100

February 22, 2018 - By Migdalia James

Andrew Wallach increased its stake in Bank Of America (BAC) by 40.54% based on its latest 2017Q3 regulatory filing with the SEC. Cumberland Partners Ltd bought 154,100 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Andrew Wallach held 534,175 shares of the major banks company at the end of 2017Q3, valued at $13.54M, up from 380,075 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Bank Of America for a number of months, seems to be bullish on the $326.42B market cap company. The stock decreased 0.44% or $0.14 during the last trading session, reaching $31.73. About 47.76M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 22, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Greenwich Investment Management Inc increased its stake in Stonecastle Finl Corp (BANX) by 19.01% based on its latest 2017Q3 regulatory filing with the SEC. Greenwich Investment Management Inc bought 24,355 shares as the company’s stock rose 1.06% with the market. The institutional investor held 152,496 shares of the company at the end of 2017Q3, valued at $3.15 million, up from 128,141 at the end of the previous reported quarter. Greenwich Investment Management Inc who had been investing in Stonecastle Finl Corp for a number of months, seems to be bullish on the $140.80M market cap company. The stock decreased 0.18% or $0.04 during the last trading session, reaching $21.52. About 14,613 shares traded. StoneCastle Financial Corp. (NASDAQ:BANX) has risen 20.48% since February 22, 2017 and is uptrending. It has outperformed by 3.78% the S&P500.

Greenwich Investment Management Inc, which manages about $387.59M and $77.72M US Long portfolio, decreased its stake in Ares Cap Corp (NASDAQ:ARCC) by 279,754 shares to 220,813 shares, valued at $3.62M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.26, from 1.11 in 2017Q2. It fall, as 2 investors sold BANX shares while 11 reduced holdings. 4 funds opened positions while 7 raised stakes. 1.90 million shares or 4.16% less from 1.98 million shares in 2017Q2 were reported. The New York-based Oppenheimer & Co has invested 0.02% in StoneCastle Financial Corp. (NASDAQ:BANX). 152,496 are owned by Greenwich Inv Mgmt. Moreover, Morgan Stanley has 0% invested in StoneCastle Financial Corp. (NASDAQ:BANX). Stifel Fin Corp has invested 0.01% in StoneCastle Financial Corp. (NASDAQ:BANX). Northern Trust Corp holds 0% in StoneCastle Financial Corp. (NASDAQ:BANX) or 12,170 shares. Clear Harbor Asset Mgmt Ltd Company reported 16,222 shares. Financial Advisers Ltd Llc has 0.04% invested in StoneCastle Financial Corp. (NASDAQ:BANX). Bard holds 0.2% of its portfolio in StoneCastle Financial Corp. (NASDAQ:BANX) for 21,085 shares. Deprince Race Zollo invested in 71,378 shares or 0.03% of the stock. Jpmorgan Chase And reported 5,715 shares stake. Oxbow Advsr owns 236,041 shares. 529,848 are held by Punch And Associates Invest Mgmt Inc. Tower Research Lc (Trc) invested in 0% or 224 shares. Royal Fincl Bank Of Canada holds 0% or 8,136 shares. Fenimore Asset Mngmt holds 242,371 shares or 0.2% of its portfolio.

Among 6 analysts covering StoneCastle Financial (NASDAQ:BANX), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. StoneCastle Financial had 13 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of StoneCastle Financial Corp. (NASDAQ:BANX) has “Buy” rating given on Thursday, November 9 by Robert W. Baird. The stock of StoneCastle Financial Corp. (NASDAQ:BANX) earned “Buy” rating by Oppenheimer on Thursday, August 10. As per Wednesday, June 1, the company rating was upgraded by Keefe Bruyette & Woods. The firm has “Buy” rating given on Wednesday, August 9 by Keefe Bruyette & Woods. On Wednesday, November 18 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. The firm earned “Neutral” rating on Monday, September 21 by National Securities. Wunderlich maintained the shares of BANX in report on Tuesday, October 20 with “Buy” rating. JMP Securities upgraded the shares of BANX in report on Monday, August 14 to “Market Outperform” rating. The firm has “Hold” rating given on Wednesday, August 19 by Zacks. The company was maintained on Tuesday, November 14 by Oppenheimer.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Mrj Cap holds 85,197 shares or 1.21% of its portfolio. 6.60M are owned by 1832 Asset Mgmt L P. Boston Prns, Massachusetts-based fund reported 71.73M shares. Shine Inv Advisory invested in 0.05% or 4,040 shares. Tokio Marine Asset Mgmt Ltd has 0.3% invested in Bank of America Corporation (NYSE:BAC). Korea Corp reported 9.08% of its portfolio in Bank of America Corporation (NYSE:BAC). David R Rahn & Assocs stated it has 58,672 shares. Mendon Capital Advsr holds 0.96% of its portfolio in Bank of America Corporation (NYSE:BAC) for 450,600 shares. Lord Abbett Limited Co holds 0.4% or 5.36 million shares. Endurance Wealth Mngmt reported 480,599 shares. Ledyard National Bank reported 24,509 shares or 0.08% of all its holdings. Kanawha Cap Management Limited Liability Company holds 0.04% of its portfolio in Bank of America Corporation (NYSE:BAC) for 10,302 shares. Modera Wealth Mgmt Ltd Liability invested in 49,280 shares or 0.28% of the stock. Ascend Capital Ltd Limited Liability Company has 0.34% invested in Bank of America Corporation (NYSE:BAC) for 353,782 shares. Empirical Fincl Services Limited Co owns 16,957 shares or 0.1% of their US portfolio.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Friday, July 7 with “Buy”. Wood maintained the stock with “Outperform” rating in Friday, April 7 report. The firm earned “Hold” rating on Tuesday, September 1 by Macquarie Research. The firm earned “Buy” rating on Wednesday, January 11 by Citigroup. The company was maintained on Wednesday, August 12 by Deutsche Bank. The rating was downgraded by Vetr to “Buy” on Tuesday, August 11. The firm earned “Buy” rating on Wednesday, July 13 by Berenberg. On Wednesday, January 11 the stock rating was downgraded by UBS to “Neutral”. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Wells Fargo on Thursday, August 10. The stock has “Neutral” rating by UBS on Monday, October 16.

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