East West Bancorp, Inc. (EWBC) Holdings Raised by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. lifted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 54.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,237 shares of the financial services provider’s stock after purchasing an additional 69,545 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.14% of East West Bancorp worth $8,629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EWBC. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in East West Bancorp by 6.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,971 shares of the financial services provider’s stock worth $1,870,000 after acquiring an additional 1,877 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in East West Bancorp by 332.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 85,100 shares of the financial services provider’s stock valued at $5,137,000 after buying an additional 65,400 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in East West Bancorp by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,027,995 shares of the financial services provider’s stock valued at $62,059,000 after buying an additional 40,601 shares during the last quarter. Standard Life Aberdeen plc raised its stake in East West Bancorp by 8.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 66,879 shares of the financial services provider’s stock valued at $4,038,000 after buying an additional 4,975 shares during the last quarter. Finally, United Services Automobile Association raised its stake in East West Bancorp by 353.5% during the 3rd quarter. United Services Automobile Association now owns 103,979 shares of the financial services provider’s stock valued at $6,277,000 after buying an additional 81,050 shares during the last quarter. 88.58% of the stock is currently owned by institutional investors.

Shares of EWBC traded down $1.19 during midday trading on Monday, hitting $50.94. 606,358 shares of the company traded hands, compared to its average volume of 891,215. East West Bancorp, Inc. has a 52 week low of $40.05 and a 52 week high of $73.98. The company has a market capitalization of $7.56 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11.

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

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

A number of equities research analysts have weighed in on EWBC shares. TheStreet upgraded shares of East West Bancorp from a “c+” rating to a “b” rating in a research note on Thursday, February 7th. Barclays reissued a “buy” rating and set a $69.00 price objective on shares of East West Bancorp in a research report on Friday, January 11th. Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, March 12th. BidaskClub raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Wedbush boosted their price objective on shares of East West Bancorp from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.70.

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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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