Economy

Alps Advisors Inc. Increases Position in East West Bancorp, Inc. (EWBC)

It now has negative earnings. The Firm operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties. Vanguard Group Inc. boosted its stake in shares of East West Bancorp by 4.7% in the second quarter. ZWJ Investment Counsel Inc. now owns 210,349 shares of the financial services provider's stock valued at $12,575,000 after buying an additional 1,488 shares during the last quarter. The Evercore Wealth Management Llc holds 700,754 shares with $41.05 million value, down from 706,805 last quarter. About shares traded. East West Bancorp, Inc.

The company is now up by 0.14% since yesterday's close of 57.03. About 492,191 shares traded.

According to Zacks, "Western New England Bancorp, Inc. provides banking services". Abeona Therapeutics Inc (NASDAQ:ABEO) has risen 151.02% since November 14, 2016 and is uptrending. It has outperformed by 134.32% the S&P500.The move comes after 5 months positive chart setup for the $682.69M company. Their 52-Week High and Low are noted here.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, October 19th. Therefore 44% are positive. Bb&T has invested 0.04% in East West Bancorp, Inc. The firm has "Outperform" rating by Macquarie Research given on Friday, July 22. The company had a fall in short interest of -1.27% between October 13, 2017 and October 31, 2017. Finally, Compass Point lowered shares of Western New England Bancorp from a buy rating to a neutral rating in a research report on Wednesday, October 18th. The firm has "Buy" rating by Piper Jaffray given on Friday, October 20. PiperJaffray initiated the stock with "Neutral" rating in Thursday, October 6 report. On Thursday, April 28 the stock rating was downgraded by Wood to "Market Perform". East West Bancorp's quarterly revenue was up 3.0% on a year-over-year basis. East West Bancorp Inc now has $8.29 billion valuation. Five investment analysts have rated the stock with a hold rating, Western New England Bancorp has a consensus rating of Hold and a consensus target price of $11.25. Deutsche Bank AG lifted their target price on East West Bancorp from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, October 11th.

Since June 13, 2017, it had 0 insider buys, and 1 insider sale for $66,257 activity. Shares for $66,257 were sold by LIU JACK C on Tuesday, June 13.

Investors sentiment increased to 1.13 in 2017 Q2. Its up 0.30, from 0.83 in 2017Q1.

A number of other large investors have also bought and sold shares of EWBC. 123.29 million shares or 2.37% more from 120.43 million shares in 2017Q1 were reported. Phillips 66 (NYSE:PSX) has risen 0.77% since November 14, 2016 and is uptrending. Voya Investment Mngmt Ltd holds 575,742 shares or 0.05% of its portfolio. First Manhattan Company invested 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). State Of Tennessee Treasury Department accumulated 0.05% or 168,900 shares. (NASDAQ:EWBC). Hahn Mgmt Ltd Llc invested in 364,969 shares. Btim holds 217,195 shares or 0.2% of its portfolio. Nordea Inv Mgmt has 4,580 shares for 0% of their portfolio. The Virginia-based Thompson Siegel And Walmsley Llc has invested 0% in East West Bancorp, Inc.

Other research analysts have also issued reports about the stock. M&R Capital Mngmt Inc reported 0.13% stake. Signature Estate & Investment Advisors LLC's holdings in East West Bancorp were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Western New England Bancorp (NASDAQ:WNEB) opened at $10.20 on Friday.

Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company. H.C. Wainwright maintained Abeona Therapeutics Inc (NASDAQ:ABEO) on Friday, September 8 with "Buy" rating. The legal version of this article can be viewed at https://weekherald.com/2017/11/14/alps-advisors-inc-increases-position-in-east-west-bancorp-inc-ewbc.html. (NASDAQ:EWBC) to report earnings on January, 24. They expect $0.91 EPS, up 19.74% or $0.15 from last year's $0.76 per share. EWBC's profit will be $131.46 million for 15.71 P/E if the $0.91 EPS becomes a reality. ZWJ Investment Counsel Inc. grew its stake in East West Bancorp by 0.7% in the 3rd quarter.

Jupiter Asset Management Ltd decreased Tata Mtrs Ltd (NYSE:TTM) stake by 18,100 shares to 172,900 valued at $5.71 million in 2017Q2. It also reduced Microsoft Corp (NASDAQ:MSFT) stake by 239,620 shares and now owns 224,566 shares. Intl Paper Co (NYSE:IP) was raised too. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. The firm earned "Outperform" rating on Thursday, January 14 by BMO Capital Markets. (NASDAQ:EWBC) has "Market Perform" rating given on Thursday, April 28 by Keefe Bruyette & Woods. The firm has "Buy" rating by Maxim Group given on Wednesday, August 16. The firm earned "Underperform" rating on Thursday, March 16 by Raymond James. Capital World Invsts owns 1.81 million shares or 0.02% of their USA portfolio. Columbia Pacific Advisors Llc owns 1.11 million shares or 4.58% of their United States portfolio.



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