Tower Bridge Advisors Decreased By $61.87 Million Its Nvidia (NVDA) Holding; 6 Analysts Bullish East West Bancorp, Inc. (EWBC)

November 14, 2017 - By Louis Casey

Among 12 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. East West Bancorp Inc. had 33 analyst reports since August 26, 2015 according

to SRatingsIntel. The firm has “Outperform” rating given on Friday, July 22 by Macquarie Research. As per Monday, October 23, the company rating was maintained by SunTrust. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Buy” rating by Deutsche Bank on Wednesday, February 24. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, January 14. The firm has “Buy” rating given on Friday, October 20 by Piper Jaffray. The rating was maintained by Keefe Bruyette & Woods on Friday, June 23 with “Hold”. The firm has “Buy” rating by Piper Jaffray given on Thursday, July 20. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Overweight” rating by Barclays Capital on Friday, October 20. On Friday, October 20 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The rating was upgraded by Wells Fargo to “Outperform” on Friday, October 23. See East West Bancorp, Inc. (NASDAQ:EWBC) latest ratings:

23/10/2017 Broker: SunTrust Rating: Buy New Target: $66.0 Maintain
20/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $74.0 Maintain
20/10/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $61 New Target: $63 Maintain
20/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $64 New Target: $66 Maintain
20/10/2017 Broker: DA Davidson Rating: Hold New Target: $63.0
05/10/2017 Broker: Raymond James Old Rating: Underperform New Rating: Market Perform Upgrade
03/10/2017 Broker: BMO Capital Markets Rating: Hold New Target: $61.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $56.0 Maintain
25/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $57.0 Maintain
21/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $68.0 Maintain

Tower Bridge Advisors decreased Nvidia Corp (NVDA) stake by 5.94% reported in 2017Q2 SEC filing. Tower Bridge Advisors sold 428 shares as Nvidia Corp (NVDA)’s stock rose 26.83%. The Tower Bridge Advisors holds 6,772 shares with $978.96 million value, down from 7,200 last quarter. Nvidia Corp now has $128.40B valuation. The stock rose 0.65% or $1.37 reaching $214. About 5.71 million shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since November 14, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

East West Bancorp, Inc. is a bank holding company. The company has market cap of $8.28 billion. The Company’s principal business is to serve as a holding firm for East West Bank and other banking or banking-related subsidiaries. It has a 15.72 P/E ratio. The Bank is a California state-chartered bank, which operates in the United States and Greater China.

Since June 13, 2017, it had 0 insider purchases, and 1 insider sale for $66,257 activity. LIU JACK C had sold 1,123 shares worth $66,257 on Tuesday, June 13.

About 213,792 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since November 14, 2016 and is uptrending. It has outperformed by 29.55% the S&P500.

Investors sentiment increased to 1.38 in Q2 2017. Its up 0.27, from 1.11 in 2017Q1. It improved, as 38 investors sold East West Bancorp, Inc. shares while 105 reduced holdings. 71 funds opened positions while 126 raised stakes. 123.29 million shares or 2.37% more from 120.43 million shares in 2017Q1 were reported. Cipher Capital Limited Partnership stated it has 0.39% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Bbva Compass National Bank Inc holds 8,673 shares or 0.03% of its portfolio. Fifth Third Comml Bank holds 0.2% or 469,147 shares. Hahn Mngmt Ltd invested in 0% or 364,969 shares. Principal Finance Grp Inc Inc stated it has 2.95 million shares or 0.17% of all its holdings. Raymond James Financial Advsr invested 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). Georgia-based Suntrust Banks has invested 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). Panagora Asset Mngmt has invested 0.08% in East West Bancorp, Inc. (NASDAQ:EWBC). Jefferies Limited reported 29,840 shares. Natixis invested in 10,399 shares. Deutsche Bank Ag stated it has 187,006 shares. Palouse Capital Mngmt Inc owns 5,240 shares for 0.11% of their portfolio. Guggenheim Capital Lc owns 47,299 shares for 0.01% of their portfolio. Raymond James & Associate invested 0.05% in East West Bancorp, Inc. (NASDAQ:EWBC). Winfield Associate Inc holds 0.01% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 382 shares.

Tower Bridge Advisors increased Nuveen Tax Free Adv M (NEA) stake by 10,528 shares to 41,744 valued at $571.48 million in 2017Q2. It also upped Altria Group Inc (NYSE:MO) stake by 608 shares and now owns 11,853 shares. Commscope Hldg Co Inc (NASDAQ:COMM) was raised too.

Since May 18, 2017, it had 0 insider purchases, and 5 selling transactions for $32.85 million activity. Drell Persis also sold $325,048 worth of NVIDIA Corporation (NASDAQ:NVDA) shares. 50,000 shares were sold by COXE TENCH, worth $8.23M on Friday, June 9. Shoquist Debora sold $9.23 million worth of NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, May 30. On Tuesday, May 23 Puri Ajay K sold $11.46 million worth of NVIDIA Corporation (NASDAQ:NVDA) or 81,931 shares. The insider SEAWELL A BROOKE sold $434,980. $3.50 million worth of stock was sold by Byron Michael on Friday, May 19.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 4 Sell and 15 Hold. Therefore 57% are positive. Nvidia Corporation had 169 analyst reports since August 3, 2015 according to SRatingsIntel. SunTrust maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Monday, October 2. SunTrust has “Buy” rating and $200.0 target. The rating was upgraded by Needham to “Buy” on Monday, November 14. UBS maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, January 6. UBS has “Buy” rating and $120 target. On Tuesday, January 10 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Loop Capital on Friday, November 10 with “Buy”. RBC Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) on Thursday, February 2 with “Outperform” rating. TH Capital reinitiated the shares of NVDA in report on Monday, October 12 with “Neutral” rating. TH Capital upgraded NVIDIA Corporation (NASDAQ:NVDA) on Friday, August 7 to “Neutral” rating. The stock has “Hold” rating by Deutsche Bank on Friday, August 12. Jefferies maintained the shares of NVDA in report on Wednesday, August 9 with “Buy” rating.

Analysts await NVIDIA Corporation (NASDAQ:NVDA) to report earnings on February, 8. They expect $1.01 earnings per share, up 2.02% or $0.02 from last year’s $0.99 per share. NVDA’s profit will be $606.00M for 52.97 P/E if the $1.01 EPS becomes a reality. After $1.33 actual earnings per share reported by NVIDIA Corporation for the previous quarter, Wall Street now forecasts -24.06% negative EPS growth.

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