Stock Worth Watching: Institutional Investors Sentiment Indicator of East West Bancorp Inc (NASDAQ:EWBC) Drops in Q2 2016

November 30, 2016 - By Marie Mckinney   ·   0 Comments

Stock Worth Watching: Institutional Investors Sentiment Indicator of East West Bancorp Inc (NASDAQ:EWBC)  Drops in  Q2 2016

Sentiment for East West Bancorp Inc (NASDAQ:EWBC)

East West Bancorp Inc (NASDAQ:EWBC) institutional sentiment decreased to 0.85 in Q2 2016. Its down -0.19, from 1.04 in 2016Q1. The ratio is negative, as 146 investment managers increased and opened new stock positions, while 141 sold and decreased their stock positions in East West Bancorp Inc. The investment managers in our partner’s database now have: 119.53 million shares, down from 121.43 million shares in 2016Q1. Also, the number of investment managers holding East West Bancorp Inc in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 30 Reduced: 111 Increased: 113 New Position: 33.

East West Bancorp, Inc. is a bank holding company. The company has a market cap of $6.92 billion. The Company’s principal business is to serve as a holding firm for East West Bank (the Bank) and other banking or banking-related subsidiaries. It has a 16.59 P/E ratio. The Bank operates through three divisions: Retail Banking, Commercial Banking and Other.

About 500 shares traded hands. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 22.76% since April 27, 2016 and is uptrending. It has outperformed by 17.53% the S&P500.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on January, 25. They expect $0.71 EPS, up 12.70% or $0.08 from last year’s $0.63 per share. EWBC’s profit will be $103.46M for 16.72 P/E if the $0.71 EPS becomes a reality. After $0.76 actual EPS reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts -6.58% negative EPS growth.

According to Zacks Investment Research, “East West Bancorp, Inc. is the holding company for East West Bank, East West Capital Trust I, East West Capital Trust II and Risk Services, Inc.”

Alpenglow Capital Lp holds 7.17% of its portfolio in East West Bancorp, Inc. for 229,500 shares. First Wilshire Securities Management Inc owns 242,266 shares or 2.66% of their US portfolio. Moreover, Brc Investment Management Llc has 2.59% invested in the company for 436,723 shares. The Florida-based Noesis Capital Mangement Corp has invested 2.4% in the stock. Lombardia Capital Partners Llc, a California-based fund reported 800,721 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 selling transactions for $161,851 net activity.

East West Bancorp, Inc. (NASDAQ:EWBC) Ratings Coverage

Ratings analysis reveals 63% of East West Bancorp Inc.’s analysts are positive. Out of 8 Wall Street analysts rating East West Bancorp Inc., 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $41 while the high is $50. The stock’s average target of $42.86 is -9.75% below today’s ($47.49) share price. EWBC was included in 14 notes of analysts from August 26, 2015. As per Monday, October 5, the company rating was downgraded by Raymond James. As per Wednesday, February 24, the company rating was maintained by Deutsche Bank. The firm has “Outperform” rating given on Friday, October 23 by Wells Fargo. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Market Perform” rating by Keefe Bruyette & Woods on Thursday, April 28. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Market Perform” rating by Wood on Thursday, April 28. As per Friday, July 22, the company rating was upgraded by Macquarie Research. The stock has “Outperform” rating given by BMO Capital Markets on Thursday, January 14.

EWBC Company Profile

East West Bancorp, Inc. (East West), incorporated on August 26, 1998, is a bank holding company. The Company’s principal business is to serve as a holding firm for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank operates through three divisions: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail activities through the Bank’s branch network. The Commercial Banking segment primarily generates commercial and industrial loans (C&I) and commercial real estate (CRE) loans through the domestic commercial lending offices located in California, New York, Texas, Washington, Massachusetts, Nevada and Georgia, and through the foreign commercial lending offices located in China and Hong Kong. Furthermore, the Commercial Banking segment also offers international finance and trade services and products. The remaining centralized functions, including the treasury activities of the Company are included in the Other segment.

More news for East West Bancorp, Inc. (NASDAQ:EWBC) were recently published by: Bizjournals.com, which released: “​East West Bancorp names new president and COO” on October 05, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Ally Financial, East West Bancorp and People’s United …” and published on October 26, 2016 is yet another important article.

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By Marie Mckinney


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