Economy

KCG Holdings Inc. Has $110000 Position in Western New England Bancorp (WNEB)

KCG Holdings Inc. Has $110000 Position in Western New England Bancorp (WNEB)”

(NYSE:GWB) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. BlackRock Inc. now owns 13,329,464 shares of the financial services provider's stock worth $780,841,000 after buying an additional 1,373,528 shares during the period. Tributary Capital Management LLC acquired a new position in Great Western Bancorp during the second quarter worth approximately $13,169,000.

A number of other institutional investors also recently modified their holdings of EWBC. Finally, CENTRAL TRUST Co bought a new stake in East West Bancorp during the first quarter valued at about $177,000. Boston Partners now owns 6,568,832 shares of the financial services provider's stock worth $384,802,000 after buying an additional 828,887 shares during the period.

Pacific Global Investment Management Company decreased its stake in East West Bancorp Inc (EWBC) by 6.72% based on its latest 2016Q4 regulatory filing with the SEC. Vanguard Group Inc. now owns 988,528 shares of the financial services provider's stock worth $10,379,000 after buying an additional 5,622 shares during the period. Vanguard Group Inc. now owns 11,840,450 shares of the financial services provider's stock valued at $611,085,000 after buying an additional 566,257 shares during the period. Geode Capital Management LLC increased its position in Western New England Bancorp by 1.5% in the first quarter.

Shares of Great Western Bancorp, Inc. William Blair Investment Management LLC boosted its position in shares of East West Bancorp by 56.2% in the first quarter. 36,511 were accumulated by Proshare Advisors Ltd. Balyasny Asset Mngmt Ltd Llc has invested 0.12% of its portfolio in East West Bancorp, Inc. East West Bancorp earned a news impact score of 0.24 on Accern's scale. The company's stock had a trading volume of 324,632 shares. East West Bancorp has a one year low of $34.02 and a one year high of $60.42.

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 has market cap of $2.14 billion.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, July 20th. The dividend payment will be $0.200 per share for the quarter which is $0.80 annualized. Western New England Bancorp had a return on equity of 5.47% and a net margin of 15.93%. The company had revenue of $16.82 million during the quarter, compared to analyst estimates of $16.74 million. Out of 10 Wall Street analysts rating Great Western, 7 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". Equities research analysts predict that Western New England Bancorp will post $0.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Wednesday, August 9th will be given a $0.03 dividend. The ex-dividend date is Monday, August 7th. East West Bancorp's dividend payout ratio is presently 22.92%.

TRADEMARK VIOLATION WARNING: "Louisiana State Employees Retirement System Buys 1,300 Shares of East West Bancorp, Inc". If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & worldwide trademark & copyright law. The correct version of this article can be read at https://www.themarketsdaily.com/2017/08/11/kcg-holdings-inc-has-110000-position-in-western-new-england-bancorp-wneb.html.

Fifth Third Bancorp downsized its investment by selling 24,256 shares a decrease of 4.9% in the quarter. JP Morgan reinitiated it with "Overweight" rating and $38 target in Thursday, April 7 report. Keefe, Bruyette & Woods reaffirmed a "neutral" rating on shares of Western New England Bancorp in a research note on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. East West Bancorp now has a consensus rating of "Hold" and a consensus target price of $62.88.

In other news, Director Jack C. Liu sold 1,123 shares of East West Bancorp stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $59.00, for a total transaction of $66,257.00. Ameriprise Financial Inc. now owns 646,439 shares of the financial services provider's stock valued at $6,560,000 after buying an additional 5,500 shares during the period. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Following the completion of the transaction, the insider now owns 341,900 shares of the company's stock, valued at $3,490,799.

COPYRIGHT VIOLATION NOTICE: "Western New England Bancorp (WNEB) Receives Consensus Recommendation of "Hold" from Analysts" was published by Community Financial News and is the property of of Community Financial News. 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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