Convergence Investment Partners Trimmed By $492,840 Its East West Bancorp (EWBC) Stake; Mackinac Financial (MFNC) Shorts Increased By 1343.14%

East West Bancorp, Inc. (NASDAQ:EWBC) Logo

Mackinac Financial Corporation (NASDAQ:MFNC) had an increase of 1343.14% in short interest. MFNC’s SI was 73,600 shares in April as released by FINRA. Its up 1343.14% from 5,100 shares previously. With 17,100 avg volume, 4 days are for Mackinac Financial Corporation (NASDAQ:MFNC)’s short sellers to cover MFNC’s short positions. The SI to Mackinac Financial Corporation’s float is 1.28%. The stock decreased 0.63% or $0.1 during the last trading session, reaching $15.75. About 3,037 shares traded. Mackinac Financial Corporation (NASDAQ:MFNC) has risen 21.27% since April 12, 2017 and is uptrending. It has outperformed by 9.72% the S&P500.

Convergence Investment Partners Llc decreased East West Bancorp Inc (EWBC) stake by 23.67% reported in 2017Q4 SEC filing. Convergence Investment Partners Llc sold 8,214 shares as East West Bancorp Inc (EWBC)’s stock declined 1.67%. The Convergence Investment Partners Llc holds 26,493 shares with $1.61M value, down from 34,707 last quarter. East West Bancorp Inc now has $8.86 billion valuation. The stock decreased 0.49% or $0.3 during the last trading session, reaching $61.28. About 484,465 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 21.17% since April 12, 2017 and is uptrending. It has outperformed by 9.62% the S&P500.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on April, 18. They expect $1.00 earnings per share, up 13.64% or $0.12 from last year’s $0.88 per share. EWBC’s profit will be $144.55M for 15.32 P/E if the $1.00 EPS becomes a reality. After $0.87 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.94% EPS growth.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.04, from 1.18 in 2017Q3. It increased, as 21 investors sold EWBC shares while 122 reduced holdings. 59 funds opened positions while 116 raised stakes. 124.03 million shares or 0.27% less from 124.37 million shares in 2017Q3 were reported. British Columbia Investment Mgmt Corporation stated it has 84,484 shares or 0.04% of all its holdings. Koch accumulated 7,711 shares. Sg Americas Secs Limited Com invested in 0.02% or 31,235 shares. Jacobs Levy Equity Management has 0.35% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 331,352 shares. Research has invested 0.13% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Cadence Cap Mgmt Ltd Liability Com owns 27,705 shares or 0.11% of their US portfolio. The France-based Capital Fund Mngmt Sa has invested 0.08% in East West Bancorp, Inc. (NASDAQ:EWBC). Alpine Woods Investors Ltd Liability Com stated it has 5,500 shares or 0.02% of all its holdings. South Dakota Investment Council holds 24,200 shares or 0.03% of its portfolio. Artemis Invest Mgmt Ltd Liability Partnership, a United Kingdom-based fund reported 125,819 shares. Bb&T Secs Ltd Com stated it has 47,023 shares. Rafferty Asset Management Ltd Liability Corporation, New York-based fund reported 39,340 shares. State Treasurer State Of Michigan reported 52,000 shares stake. Nomura Holding Inc accumulated 0% or 10,056 shares. Nuveen Asset Lc holds 0.1% or 251,912 shares in its portfolio.

Among 15 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. East West Bancorp Inc. had 51 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Buy” on Thursday, January 25. The rating was maintained by Piper Jaffray on Thursday, July 20 with “Buy”. On Friday, July 14 the stock rating was downgraded by Deutsche Bank to “Hold”. BMO Capital Markets downgraded the stock to “Market Perform” rating in Friday, July 7 report. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Hold” rating given on Monday, December 18 by BMO Capital Markets. The rating was maintained by Piper Jaffray on Friday, October 20 with “Buy”. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Hold” rating given on Monday, July 24 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, March 29 by Sandler O’Neill. The firm earned “Buy” rating on Tuesday, November 28 by SunTrust.

Convergence Investment Partners Llc increased Jabil Inc (NYSE:JBL) stake by 115,243 shares to 156,642 valued at $4.11 million in 2017Q4. It also upped Oracle Corp (NYSE:ORCL) stake by 84,459 shares and now owns 91,051 shares. Alliance Data Systems Corp (NYSE:ADS) was raised too.

Since October 24, 2017, it had 0 insider purchases, and 6 selling transactions for $1.56 million activity. Oh Irene H also sold $341,432 worth of East West Bancorp, Inc. (NASDAQ:EWBC) on Wednesday, March 7. 2,000 East West Bancorp, Inc. (NASDAQ:EWBC) shares with value of $133,378 were sold by Chan Iris S. 461 East West Bancorp, Inc. (NASDAQ:EWBC) shares with value of $30,016 were sold by CAMPBELL MOLLY. LI HERMAN Y sold $610,000 worth of stock or 10,000 shares. Another trade for 2,000 shares valued at $137,000 was sold by LIU JACK C. KRAUSE DOUGLAS PAUL sold $306,286 worth of stock or 5,000 shares.

Investors sentiment increased to 4 in 2017 Q4. Its up 2.83, from 1.17 in 2017Q3. It increased, as 0 investors sold Mackinac Financial Corporation shares while 2 reduced holdings. 3 funds opened positions while 5 raised stakes. 3.62 million shares or 102.24% more from 1.79 million shares in 2017Q3 were reported. Texas-based Dimensional Fund Advsr Ltd Partnership has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Wellington Group Incorporated Llp reported 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Deutsche Savings Bank Ag has invested 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Clarkston Capital Prtnrs Lc reported 191,419 shares. Blackrock reported 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Gendell Jeffrey L holds 0.12% in Mackinac Financial Corporation (NASDAQ:MFNC) or 109,566 shares. Kennedy Capital Mngmt stated it has 0.04% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). 221 are owned by Tower Research Cap Ltd Liability Corporation (Trc). Vanguard Gp owns 79,934 shares for 0% of their portfolio. Morgan Stanley stated it has 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Raffles Associate Lp reported 86,583 shares. 1 were accumulated by Royal Bancshares Of Canada. Fifth Third Bank invested 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Manufacturers Life Insurance Co The invested in 0.01% or 328,769 shares. Lsv Asset reported 0% stake.

Since February 16, 2018, it had 0 buys, and 2 selling transactions for $54,052 activity. Deering Jesse A sold $12,192 worth of Mackinac Financial Corporation (NASDAQ:MFNC) on Tuesday, March 20. $41,860 worth of Mackinac Financial Corporation (NASDAQ:MFNC) shares were sold by BITTNER DENNIS.

East West Bancorp, Inc. (NASDAQ:EWBC) Institutional Positions Chart