Western New England Bancorp (WNEB) Stock Rating Lowered by Zacks Investment Research

East West Bancorp Inc

East West Bancorp Inc

Oppenheimer Asset Management Inc. purchased a new position in shares of East West Bancorp during the first quarter valued at about $230,000. Following the completion of the transaction, the director now directly owns 23,669 shares in the company, valued at approximately $1,396,471. Keefe, Bruyette & Woods reaffirmed a neutral rating on shares of Western New England Bancorp in a report on Wednesday, April 26th.

Jacobs Asset Management Llc holds 3.91% of its portfolio in Great Western Bancorp Inc for 423,568 shares. William Blair Investment Management LLC now owns 1,504,334 shares of the financial services provider's stock valued at $77,639,000 after buying an additional 541,149 shares during the period. Can increased its stake in shares of East West Bancorp, Inc. BlackRock Inc. now owns 7,204,279 shares of the bank's stock worth $305,533,000 after buying an additional 7,189,614 shares during the last quarter. 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. Bank of New York Mellon Corp now owns 2,019,379 shares of the bank's stock worth $85,642,000 after buying an additional 1,249,865 shares during the last quarter. Finally, American International Group Inc. increased its position in Western New England Bancorp by 49.6% in the first quarter. Macquarie Group Ltd. now owns 4,038,781 shares of the financial services provider's stock worth $208,441,000 after buying an additional 45,604 shares during the period. Can owned about 0.09% of East West Bancorp worth $7,962,000 as of its most recent filing with the SEC. Company insiders own 6.10% of the company's stock. The company's 50-day moving average price is $57.72 and its 200 day moving average price is $54.94. East West Bancorp, Inc. The company has a market cap of $284.81 million, a PE ratio of 21.94 and a beta of 0.40.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.81 EPS for the quarter, hitting the Zacks' 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 firm had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. As of the latest earnings report the EPS was $3.50 and is estimated to be $3.74 for the current year with 144,485,000 shares outstanding.

EP Energy Corporation (NYSE:EPE) Position Held By Riverstone Holdings
The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.18. Finally, Sanders Morris Harris Inc. increased its position in shares of Sanchez Energy Corporation by 6.4% in the first quarter.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.20 per share. (NASDAQ:EWBC) on Friday, July 22 to "Outperform" rating. This dividend represents a yield of $1.40. "(NASDAQ:EWBC) Stock Rating Lowered by Deutsche Bank AG" was first published by StockNewsTimes and is owned by of StockNewsTimes.

COPYRIGHT VIOLATION NOTICE: This report was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. The legal version of this article can be accessed at https://rinconhillneighbors.org/2017/08/12/great-west-life-assurance-co-can-buys-35974-shares-of-east-west-bancorp-inc-nasdaqewbc.html. The institutional investor held 41,710 shares of the health care company at the end of 2016Q4, valued at $1.36M, up from 8,985 at the end of the previous reported quarter. Zacks Investment Research lowered East West Bancorp from a "buy" rating to a "hold" rating in a research note on Thursday, April 6th.

Media coverage about East West Bancorp (NASDAQ:EWBC) has been trending somewhat positive on Saturday, Accern Sentiment reports. Piper Jaffray Companies dropped their price objective on East West Bancorp to $62.00 and set an "overweight" rating on the stock in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. The stock's average target of $43 is 18.03% above today's ($36.43) share price.

Taking a Fresh Look at Host Hotels & Resorts, Inc. (HST)
A company with a hold recommendation generally is expected to perform with the market or at the same pace as comparable companies. The analysts wrote, "We reiterate our Neutral rating on HST and look for a more attractive relative NAV discount as entry point".

In other East West Bancorp news, Director Jack C. Liu sold 1,123 shares of the firm's stock in a transaction that occurred on Tuesday, June 13th. The total value of its holdings decreased 26.2%. Company insiders own 0.23% of the company's stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Boston Partners boosted its stake in East West Bancorp by 14.4% in the second quarter. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock.

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