Can owned about 0.09% of East West Bancorp worth $7,962,000 as of its most recent filing with the SEC. The institutional investor held 187,969 shares of the finance company at the end of 2016Q4, valued at $9.55M, down from 201,504 at the end of the previous reported quarter. The value in dollars went from $25,465,000 to $27,483,000 a change of 7.9% for the reporting period. Washington Trust Bank now owns 2,380 shares of the financial services provider's stock valued at $123,000 after buying an additional 86 shares in the last quarter.
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. Renaissance Technologies LLC now owns 1,374,409 shares of the financial services provider's stock valued at $13,950,000 after buying an additional 109,500 shares during the period. Vanguard Group Inc. boosted its position in shares of East West Bancorp by 5.0% in the first quarter. Stephens Inc. AR now owns 9,438 shares of the financial services provider's stock valued at $487,000 after buying an additional 348 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of East West Bancorp by 56.2% in the first quarter. IFP Advisors Inc now owns 2,857 shares of the financial services provider's stock valued at $167,000 after buying an additional 1,593 shares during the period. Nationwide Fund Advisors increased its position in Western New England Bancorp by 32.5% in the first quarter. Raymond James downgraded the shares of EWBC in report on Monday, October 5 to "Mkt Perform" rating.
The company is trading down by -0.13% since yesterday's close of $55.08. 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. The firm's 50 day moving average price is $10.08 and its 200-day moving average price is $10.15. The company has a market capitalization of $284.81 million, a PE ratio of 21.94 and a beta of 0.40. East West Bancorp, Inc. has a one year low of $34.02 and a one year high of $60.42. The value of the total investment in East West Bancorp, Inc. decreased from $44,717,000 to $33,021,000 decreasing 26.2% since the last quarter. East West Bancorp had a net margin of 34.63% and a return on equity of 13.31%. The firm had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period a year ago, the business earned $0.59 EPS. Equities analysts expect 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 Wednesday, August 23rd. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.20 per share. (NYSE:PFE) were released by: Fool.com and their article: "5 Things You Probably Didn't Know About Pfizer Inc." published on July 23, 2017 as well as Seekingalpha.com's news article titled: "Pfizer Highly Recommended By Panel, Time For FDA Showdown" with publication date: August 07, 2017. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%.
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A number of research analysts recently commented on the company.
On July 7 the company was downgraded to "Outperform" from "Market Perform" and a price target of $68.00 was set by BMO Capital. Finally, Piper Jaffray Companies reaffirmed a "buy" rating and issued a $11.50 price target on shares of Western New England Bancorp in a research note on Friday, July 28th. Finally, Deutsche Bank AG downgraded East West Bancorp from a "buy" rating to a "hold" rating and set a $61.00 price objective for the company.in a research note on Friday, July 14th.
Media coverage about East West Bancorp (NASDAQ:EWBC) has been trending somewhat positive on Saturday, Accern Sentiment reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. East West Bancorp presently has a consensus rating of "Hold" and an average target price of $62.88.
Also, Director Jack C. Liu sold 1,123 shares of the business's stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. State Street Corp now owns 6,094,888 shares of the financial services provider's stock worth $314,556,000 after buying an additional 199,996 shares during the period.