Lido has announced the phase-out of its liquid staking protocol on Polygon following a community vote, citing challenges like low user adoption and high maintenance costs. The transition will begin on December 16, 2024, with a withdrawal period until June 16, 2025, during which rewards will be discontinued. This decision aligns with Lido's strategic focus on Ethereum and follows similar operational halts on other platforms like Solana.
EVP James Harry Weber sold 6,500 shares of Comerica stock on October 24 for $410,995, reducing his ownership by 29.18%. Insiders sold a total of 15,456 shares last quarter, while institutional investors hold 80.74% of the stock. UBS Group initiated coverage with a "sell" rating, as analysts maintain a consensus "Hold" rating with a target price of $67.27.
EVP James Harry Weber sold 6,500 shares of Comerica stock on October 24 for $410,995, reducing his ownership by 29.18%. Insiders sold a total of 15,456 shares last quarter, while institutional investors hold 80.74% of the stock. UBS Group initiated coverage with a "sell" rating, and Comerica's stock has a consensus "Hold" rating with a target price of $67.27.
Insiders sold 23,969 shares of East West Bancorp stock worth $2.46 million last quarter, with corporate insiders owning 1.04% of the company. Hedge funds hold 89.53% of the stock, with significant purchases from firms like Quest Partners LLC and BNP Paribas Financial Markets. Analysts have given the company a "Moderate Buy" rating, with a price target averaging $109.17, while recent trading saw shares at $100.33.
Insiders sold 23,969 shares of East West Bancorp stock worth $2.46 million last quarter, with corporate insiders owning 1.04% of the company. Hedge funds hold 89.53% of the stock, with significant purchases from firms like Quest Partners LLC and BNP Paribas Financial Markets. Analysts maintain a "Moderate Buy" rating, with a price target averaging $109.17, while the stock recently traded at $100.33.
Franklin Resources Inc. significantly increased its stake in Popular, Inc. by 304.3% in Q3, now holding 99,861 shares valued at $10.04 million. Other institutional investors, including Tidal Investments LLC and Barclays PLC, also acquired stakes, with hedge funds owning 87.27% of the stock. Popular's stock has a "Moderate Buy" rating, with analysts setting an average target price of $106.00, despite a recent earnings miss.
Franklin Resources Inc. increased its stake in Popular by 304.3% in Q3, owning 99,861 shares valued at $10.04 million. Other institutional investors, including Tidal Investments LLC and Barclays PLC, also acquired stakes, with 87.27% of the stock held by such entities. Popular's stock has a "Moderate Buy" rating, with a consensus target price of $106.00, despite a recent earnings miss.
Victory Capital Management Inc. significantly increased its stake in Bank OZK by 483.9% in Q2, now holding 980,358 shares valued at $40.2 million. Institutional investors own 86.18% of the stock, which has received mixed ratings from analysts, with an average target price of $49.13. Bank OZK reported a quarterly EPS of $1.55, surpassing estimates, and has a market cap of $5.29 billion.
Victory Capital Management Inc. significantly increased its stake in Bank OZK by 483.9% in Q2, now holding 980,358 shares valued at $40.2 million. Institutional investors own 86.18% of the stock, which has a current rating of "Reduce" among analysts, with an average price target of $49.13. Bank OZK reported a quarterly EPS of $1.55, surpassing estimates, and has a market cap of $5.29 billion.
Insiders hold 6.90% of First Interstate BancSystem, while institutional investors own 88.71%. Recent activity includes BNP Paribas increasing its stake by 97%, and analysts have set a consensus "Hold" rating with a target price of $35.17. The stock recently traded at $33.79, down 1.6%, with a market cap of $3.53 billion.

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