October 21, 2017

East West Bancorp, Inc. (EWBC) Rating Lowered to Sell at BidaskClub

13 August 2017, 02:49 | Hattie Nash

(NYSE:GWB) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

Dimensional Fund Advisors Lp isn't the only one who has changed their investment in EWBC.

A number of other large investors have also bought and sold shares of EWBC. Finally, CENTRAL TRUST Co bought a new stake in East West Bancorp during the first quarter valued at about $177,000. BlackRock Inc. now owns 11,955,936 shares of the financial services provider's stock valued at $617,046,000 after buying an additional 11,852,412 shares during the period.

Dimensional Fund Advisors Lp reports that it sold 75,154 shares in quarter ending 06/30/2017 decreasing its holdings in East West Bancorp, 6.3%. American International Group Inc. now owns 13,691 shares of the financial services provider's stock worth $144,000 after buying an additional 4,540 shares during the period.

Jacobs Asset Management Llc holds 3.91% of its portfolio in Great Western Bancorp Inc for 423,568 shares. Westfield Capital Management Co Lp reduced its ownership by shedding 302,744 shares a decrease of 34.9% from 03/31/2017 to 06/30/2017.

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According to Zacks, "Western New England Bancorp, Inc. provides banking services". The ratio is positive, as 88 investment professionals increased or opened new stock positions, while 103 sold and trimmed stakes in Great Western Bancorporation Inc.

Press coverage about Great Western Bancorp (NYSE:GWB) has been trending somewhat positive recently, Accern Sentiment Analysis reports.

Shares of East West Bancorp (EWBC) traded up 2.41% during midday trading on Monday, reaching $59.10. About 268,928 shares traded. Western New England Bancorp has a 52-week low of $7.41 and a 52-week high of $10.95.

It is trading at $55.01 barely below $57.76, the 50 day moving average and barely above the 200 day moving average of $54.90.

The company now has a P/E ratio of 15.71 and the market cap is 7.95B.

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East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.81 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.81. Western New England Bancorp had a return on equity of 5.47% and a net margin of 15.93%. The business had revenue of $337.49 million during the quarter, compared to the consensus estimate of $329.32 million. During the same quarter previous year, the business earned $0.71 earnings per share. In the latest earnings report the EPS was $2.39 and is projected to be $2.43 for the current year with 58,799,000 shares now outstanding. Additionally Great Western Bancorp, Inc. recently declared a dividend for shareholders that will be paid on Wednesday the 23rd of August 2017. Stockholders of record on Wednesday, August 9th will be given a $0.03 dividend. This represents a $0.80 annualized dividend and a yield of 1.39%. The ex-dividend date will be on Friday July 28th, 2017. East West Bancorp's dividend payout ratio (DPR) is now 22.92%.

TRADEMARK VIOLATION WARNING: "Louisiana State Employees Retirement System Buys 1,300 Shares of East West Bancorp, Inc". If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & global copyright & trademark laws. The legal version of this report can be accessed at

A number of equities analysts have weighed in on the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company.

Fifth Third Bancorp downsized its investment by selling 24,256 shares a decrease of 4.9% in the quarter. Morgan Stanley reissued an equal weight rating and issued a $60.00 price objective (up previously from $59.00) on shares of East West Bancorp in a research note on Thursday, July 6th.

ValuEngine upgraded shares of Western New England Bancorp (NASDAQ:WNEB) from a hold rating to a buy rating in a research note released on Tuesday, July 25th. East West Bancorp has a consensus rating of Hold and an average target price of $62.88.

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In other news, insider Bryan Leighton Kindopp sold 766 shares of the business's stock in a transaction dated Monday, June 12th. The total value of its holdings decreased 26.2%. Following the completion of the transaction, the insider now owns 300 shares of the company's stock, valued at approximately $12,285. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. State Board Of Administration Of Florida Retirement Sys has invested 0.04% in East West Bancorp, Inc. The Company's principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries.

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