Sandler O'Neill Reaffirms "Buy" Rating for East West Bancorp (EWBC)

Lloyd Doyle
January 13, 2018

Lafayette Investments Inc sold 26,058 shares as Bed Bath & Beyond Inc Com (BBBY)'s stock declined 14.12%. The institutional investor held 8,875 shares of the finance company at the end of 2017Q3, valued at $531,000, up from 2,350 at the end of the previous reported quarter. Waste Mgmt Inc Del now has $38.14 billion valuation.

The stock increased 1.10% or $0.1 during the last trading session, reaching $9.15. About 5.70M shares traded. (NASDAQ:BBBY) has declined 16.34% since January 12, 2017 and is downtrending.

Wells Fargo & Co reiterated their outperform rating on shares of East West Bancorp (NASDAQ:EWBC) in a research note published on Tuesday, The Fly reports. The other 7, though not evenly; between analysts who think you should buy East West Bancorp, Inc. versus those who think you should sell it. The Sadoff Investment Management Llc holds 490,585 shares with $38.40 million value, up from 480,705 last quarter. Martingale Asset Management LP who had been investing in East West Bancorp for a number of months, seems to be less bullish one the $9.70B market cap company. On the stock's most recent trading day, the company's shares ended the regular session at $65.90, which is -1.7% lower than its 52-week high. East West Bancorp Inc. had 41 analyst reports since August 26, 2015 according to SRatingsIntel. (NASDAQ:EWBC) has risen 46.25% since January 12, 2017 and is uptrending. It has outperformed by 0.30% the S&P500. Therefore 7% are positive. Celgene Corporation had 124 analyst reports since July 21, 2015 according to SRatingsIntel. (NASDAQ:EXPE) rating on Thursday, November 10. The stock of Bed Bath & Beyond Inc. (NASDAQ:EXPE) has "Buy" rating given on Wednesday, September 6 by Wells Fargo. This public company's current market capitalization stands at $9.52 billion. On Thursday, July 27 the stock rating was maintained by Canaccord Genuity with "Buy". The company was maintained on Friday, October 20 by Barclays Capital. The rating was maintained by Deutsche Bank on Wednesday, February 24 with "Buy". (NASDAQ:EWBC) on Tuesday, October 3 with "Hold" rating. The firm earned "Market Perform" rating on Thursday, October 5 by Raymond James.

Investors sentiment increased to 1.24 in Q3 2017. Its down 0.20, from 1.38 in 2017Q2. Principal Financial invested in 0.17% or 3.01 million shares. 47 funds opened positions while 157 raised stakes. Twin Cap Management reported 111,220 shares. Macquarie invested in 4.44 million shares or 0.48% of the stock. 316.48 million shares or 7.61% less from 342.53 million shares in 2017Q2 were reported. (NASDAQ:EWBC). Covington Cap, a California-based fund reported 53,866 shares. (NASDAQ:EXPE). Tuttle Tactical Mgmt Limited Liability Company has invested 1.33% of its portfolio in Expedia, Inc. (NASDAQ:EWBC). 1.10M were reported by First Tru Advsrs Lp. 30,000 were reported by Menta Cap Ltd Liability. Opus Investment Management Inc holds 0.69% or 48,400 shares in its portfolio. The Pennsylvania-based Emerald Advisers Inc Pa has invested 0.34% in the stock. Salem Investment Counselors accumulated 7,240 shares. (NASDAQ:BBBY). Bnp Paribas Arbitrage holds 239,485 shares. Kennedy Management owns 256,399 shares. 27,532 are owned by Etrade Capital Ltd Co. Quantum Mngmt owns 0.12% invested in East West Bancorp, Inc. It also reduced Constellation Brands Inc (NYSE:STZ) stake by 170,732 shares and now owns 691,778 shares.


Investors sentiment decreased to 1.18 in 2017 Q3. Its down 0.20, from 1.38 in 2017Q2.

Institutional investors and hedge funds have recently made changes to their positions in the company. 17 funds opened positions while 32 raised stakes. 124.37 million shares or 0.88% more from 123.29 million shares in 2017Q2 were reported. The company now has an average rating of "Hold" and an average price target of $67.25. Chicago Equity Prtnrs Ltd Co reported 131,457 shares. (NASDAQ:EWBC) for 35,509 shares. Raymond James downgraded East West Bancorp, Inc. Pictet Asset Mgmt Ltd owns 54,200 shares. Cipher Cap Lp has invested 0.14% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Arizona State Retirement System stated it has 0.06% of its portfolio in East West Bancorp, Inc. State Of Wisconsin Invest Board holds 427,070 shares. Profund Advisors Ltd holds 0.02% or 16,139 shares. (NYSE:EBF). New York-based Jpmorgan Chase And Commerce has invested 0% in Ennis, Inc. (NASDAQ:EWBC) for 34,073 shares. Cambiar Investors LLC now owns 112,778 shares of the financial services provider's stock valued at $3,855,000 after buying an additional 2,069 shares in the last quarter. Insiders sold 17,200 shares of company stock worth $1,044,054 over the last three months. LI HERMAN Y had sold 10,000 shares worth $610,000. Also, insider Douglas Paul Krause sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, December 19th. East West Bancorp had a return on equity of 14.28% and a net margin of 37.60%. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Therefore 50% are positive. Wood downgraded East West Bancorp, Inc. On Friday, October 20 the stock rating was maintained by BMO Capital Markets with "Market Perform". (NASDAQ:EWBC) on Friday, July 14 to "Hold" rating. As per Tuesday, October 3, the company rating was maintained by BMO Capital Markets. Bank of America maintained it with "Sell" rating and $2700 target in Friday, June 23 report. Sandler O'Neill's target price would suggest a potential upside of 2.77% from the stock's current price. (NASDAQ:EWBC) on Monday, January 8 with "Buy" rating. The stock has "Buy" rating by SunTrust on Monday, October 23. The firm earned "Outperform" rating on Friday, July 22 by Macquarie Research. Asset Management reported 9,372 shares.

The consensus recommendation - averaging the work of 3 analysts - of 2 for ShotSpotter, Inc. Energen Corp (NYSE:EGN) was reduced too.

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