Western New England Bancorp (NASDAQ WNEB) traded down 0.52% on Friday, reaching $9.55.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in East West Bancorp by 11.5% in the second quarter. BlackRock Inc. now owns 11,955,936 shares of the financial services provider's stock valued at $617,046,000 after buying an additional 11,852,412 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Western New England Bancorp by 4.1% in the second quarter. World Asset Management Inc now owns 8,944 shares of the financial services provider's stock valued at $462,000 after buying an additional 181 shares in the last quarter. The value of the position overall is up by 12.3%. 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. TIAA CREF Investment Management LLC increased its position in Western New England Bancorp by 24.0% in the first quarter. The firm owned 37,700 shares of the financial services provider's stock after buying an additional 1,300 shares during the period. Finally, Trexquant Investment LP bought a new stake in Western New England Bancorp during the first quarter valued at $201,000. The investment professionals in our partner's database reported: 58.52 million shares, down from 59.40 million shares in 2016Q3. Company insiders own 0.23% of the company's stock.
Wedge Capital Management L L P NC raised its position in Great Western Bancorp, Inc. (GWB) opened at 36.52 on Friday. The company's 50-day moving average price is $57.72 and its 200 day moving average price is $54.94.
The P/E ratio is now 15.71 and the market cap is 7.95B.
East West Bancorp (NASDAQ:EWBC) had an increase of 39.52% in short interest. (NASDAQ:EWBC). Balyasny Asset Mgmt Limited Liability Com holds 0.12% in East West Bancorp, Inc. The financial services provider reported $0.81 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.81. The SI to East West Bancorp's float is 2.18%. The business had revenue of $16.82 million during the quarter, compared to analysts' expectations of $16.74 million. During the same quarter past year, the business earned $0.71 earnings per share. Analysts expect that East West Bancorp will post $3.74 earnings per share for the current fiscal year.
More notable recent Great Western Bancorp Inc (NYSE:GWB) news were published by: Nasdaq.com which released: "Ex-Dividend Reminder: South State, Charles Schwab and Great Western Bancorp" on August 07, 2017, also Businesswire.com with their article: "Great Western Bancorp, Inc". Stockholders of record on Tuesday, August 1st will be given a dividend of $0.20 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. Western New England Bancorp's payout ratio is now 30.00%.
TRADEMARK VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of USA & global trademark & copyright law. The correct version of this piece can be read at https://sportsperspectives.com/2017/08/12/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-east-west-bancorp-nasdaqewbc-stock-price-updated-updated.html. FBR Capital initiated it with "Outperform" rating and $48.0 target in Tuesday, April 11 report.
BMO Capital both downgraded the stock and raised the price target on July 7 changing the price target from $44.00 to $68.00 and setting the rating at "Outperform" which had previously been "Market Perform". ValuEngine downgraded shares of Western New England Bancorp from a "buy" rating to a "hold" rating in a report on Tuesday, August 1st. Finally, BidaskClub lowered East West Bancorp from a "buy" rating to a "hold" rating in a report on Friday, June 23rd. 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. Great Western Bancorp has a consensus rating of "Hold" and a consensus price target of $45.56.
In other news, insider Bryan Leighton Kindopp sold 766 shares of the business's stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $10.21, for a total transaction of $1,657,726.23. 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Western New England Bancorp, Inc, formerly Westfield Financial, Inc, is a Massachusetts-chartered stock holding company.