Elizabeth Park Capital Advisors LTD Trimmed Its Suntrust Bks (STI) Holding; Rainier Investment Management Has Trimmed East West Bancorp (EWBC) Position By $770,540

January 15, 2018 - By Hazel Jackson

Elizabeth Park Capital Advisors Ltd decreased Suntrust Bks Inc (STI) stake by 10.04% reported in 2017Q3 SEC filing. Elizabeth Park Capital Advisors Ltd sold 23,000 shares as Suntrust Bks Inc (STI)’s stock declined 9.30%. The Elizabeth Park Capital Advisors Ltd holds 206,135 shares with $12.32 million value, down from 229,135 last quarter. Suntrust Bks Inc now has $32.79 billion valuation. The stock increased 1.52% or $1.03 during the last trading session, reaching $68.89. About 4.51M shares traded or 22.28% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since January 15, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Rainier Investment Management Llc decreased East West Bancorp Inc (EWBC) stake by 15.55% reported in 2017Q3 SEC filing. Rainier Investment Management Llc sold 13,060 shares as East West Bancorp Inc (EWBC)’s stock rose 1.19%. The Rainier Investment Management Llc holds 70,950 shares with $4.24M value, down from 84,010 last quarter. East West Bancorp Inc now has $9.73 billion valuation. The stock increased 0.27% or $0.18 during the last trading session, reaching $67.32. About 1.11M shares traded or 23.27% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since January 15, 2017 and is uptrending. It has outperformed by 29.55% the S&P500.

Since September 18, 2017, it had 0 buys, and 3 sales for $1.02 million activity. Shares for $306,286 were sold by KRAUSE DOUGLAS PAUL on Tuesday, December 19. 1,916 shares were sold by Estrada Rudolph, worth $107,239 on Monday, September 18. LI HERMAN Y also sold $610,000 worth of East West Bancorp, Inc. (NASDAQ:EWBC) shares.

Among 14 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. East West Bancorp Inc. had 41 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was upgraded by BMO Capital Markets to “Outperform” on Thursday, January 14. The company was maintained on Monday, September 25 by Keefe Bruyette & Woods. The firm has “Outperform” rating by Macquarie Research given on Friday, July 22. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 20. The company was maintained on Monday, January 8 by SunTrust. BMO Capital Markets downgraded the shares of EWBC in report on Friday, July 7 to “Market Perform” rating. On Friday, June 23 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Thursday, January 4, the company rating was maintained by Sandler O’Neill. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. As per Thursday, April 28, the company rating was downgraded by Wood.

Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.20, from 1.38 in 2017Q2. It dropped, as 31 investors sold EWBC shares while 116 reduced holdings. 47 funds opened positions while 127 raised stakes. 124.37 million shares or 0.88% more from 123.29 million shares in 2017Q2 were reported. Quantum Management reported 8,205 shares stake. Hanson And Doremus Management has invested 0.55% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Hsbc Public Limited Co has invested 0.02% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Employees Retirement Association Of Colorado holds 0.13% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 312,010 shares. Stephens Inv Mgmt Group Ltd Liability Com reported 262,786 shares stake. The Netherlands-based Robeco Institutional Asset Bv has invested 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). The Colorado-based Cetera Advisors Ltd Company has invested 0.06% in East West Bancorp, Inc. (NASDAQ:EWBC). Lombard Odier Asset Management (Switzerland) Sa holds 0.06% or 10,530 shares. Moreover, Comerica Bancorp has 0.05% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Riverhead Limited Com stated it has 31,191 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 0.01% or 2,800 shares. Fjarde Ap invested in 42,356 shares or 0.05% of the stock. Trexquant Invest Limited Partnership has invested 0.11% in East West Bancorp, Inc. (NASDAQ:EWBC). National Bank Of New York Mellon Corporation invested in 0.04% or 2.25 million shares. Quantitative Investment Mngmt Lc accumulated 9,200 shares.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on January, 24. They expect $0.91 EPS, up 19.74% or $0.15 from last year’s $0.76 per share. EWBC’s profit will be $131.53 million for 18.49 P/E if the $0.91 EPS becomes a reality. After $0.89 actual EPS reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 2.25% EPS growth.

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on January, 19 before the open. They expect $1.05 earnings per share, up 16.67% or $0.15 from last year’s $0.9 per share. STI’s profit will be $499.84M for 16.40 P/E if the $1.05 EPS becomes a reality. After $1.06 actual earnings per share reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -0.94% negative EPS growth.

Elizabeth Park Capital Advisors Ltd increased Orrstown Finl Svcs Inc (NASDAQ:ORRF) stake by 172,570 shares to 173,370 valued at $4.32 million in 2017Q3. It also upped Macatawa Bk Corp (NASDAQ:MCBC) stake by 277,764 shares and now owns 530,454 shares. Pinnacle Finl Partners Inc (NASDAQ:PNFP) was raised too.

Since August 14, 2017, it had 0 insider buys, and 1 insider sale for $46,331 activity. Johnson Susan S had sold 808 shares worth $46,331.

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