East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Fmr LLC

FMR LLC reduced its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 70.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 336,891 shares of the financial services provider’s stock after selling 803,049 shares during the period. FMR LLC owned 0.23% of East West Bancorp worth $14,664,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in East West Bancorp by 4,203.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,209,902 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 3,135,320 shares during the period. Federated Investors Inc. PA increased its position in East West Bancorp by 306.3% in the 3rd quarter. Federated Investors Inc. PA now owns 1,354,817 shares of the financial services provider’s stock valued at $81,791,000 after acquiring an additional 1,021,359 shares during the period. Two Sigma Advisers LP increased its position in East West Bancorp by 145.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,074,703 shares of the financial services provider’s stock valued at $46,782,000 after acquiring an additional 636,693 shares during the period. Millennium Management LLC increased its position in East West Bancorp by 78.8% in the 4th quarter. Millennium Management LLC now owns 1,256,633 shares of the financial services provider’s stock valued at $54,701,000 after acquiring an additional 553,961 shares during the period. Finally, Handelsbanken Fonder AB increased its position in East West Bancorp by 24.0% in the 4th quarter. Handelsbanken Fonder AB now owns 2,666,336 shares of the financial services provider’s stock valued at $116,066,000 after acquiring an additional 516,920 shares during the period. 88.58% of the stock is owned by institutional investors and hedge funds.

In other East West Bancorp news, Director Jack C. Liu sold 2,108 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $55.20, for a total transaction of $116,361.60. Following the transaction, the director now owns 18,857 shares of the company’s stock, valued at approximately $1,040,906.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rudolph Estrada sold 1,902 shares of the stock in a transaction on Monday, January 28th. The stock was sold at an average price of $52.64, for a total value of $100,121.28. Following the transaction, the director now directly owns 15,089 shares in the company, valued at approximately $794,284.96. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on the company. BidaskClub cut East West Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Wedbush boosted their target price on East West Bancorp from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. TheStreet upgraded East West Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, February 7th. Finally, ValuEngine cut East West Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.70.

Shares of EWBC traded down $1.19 on Monday, reaching $50.94. The stock had a trading volume of 606,358 shares, compared to its average volume of 891,215. The stock has a market cap of $7.56 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. East West Bancorp, Inc. has a twelve month low of $40.05 and a twelve month high of $73.98.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. East West Bancorp had a return on equity of 16.26% and a net margin of 37.78%. The business had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $408.61 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. Research analysts expect that East West Bancorp, Inc. will post 5.09 EPS for the current fiscal year.

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East West Bancorp Profile

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

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