Stephens Inc. AR Decreases Stock Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Stephens Inc. AR cut its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,364 shares of the financial services provider’s stock after selling 3,658 shares during the quarter. Stephens Inc. AR’s holdings in East West Bancorp were worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in EWBC. William Blair Investment Management LLC boosted its stake in shares of East West Bancorp by 132.7% in the first quarter. William Blair Investment Management LLC now owns 3,757,889 shares of the financial services provider’s stock valued at $180,266,000 after purchasing an additional 2,142,829 shares during the period. Principal Financial Group Inc. boosted its stake in shares of East West Bancorp by 46.5% in the first quarter. Principal Financial Group Inc. now owns 3,159,327 shares of the financial services provider’s stock valued at $151,555,000 after purchasing an additional 1,002,529 shares during the period. Strs Ohio boosted its stake in shares of East West Bancorp by 25,123.7% in the first quarter. Strs Ohio now owns 458,819 shares of the financial services provider’s stock valued at $22,009,000 after purchasing an additional 457,000 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of East West Bancorp by 10.2% in the second quarter. Handelsbanken Fonder AB now owns 2,663,951 shares of the financial services provider’s stock valued at $124,593,000 after purchasing an additional 246,578 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of East West Bancorp by 29,021.2% in the first quarter. Acadian Asset Management LLC now owns 223,942 shares of the financial services provider’s stock valued at $10,746,000 after purchasing an additional 223,173 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

A number of research analysts have commented on EWBC shares. Wedbush reiterated an “outperform” rating and set a $50.00 price objective (down from $57.00) on shares of East West Bancorp in a research note on Monday, June 3rd. Morgan Stanley upgraded shares of East West Bancorp from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $59.00 to $57.00 in a research note on Monday, July 1st. ValuEngine downgraded shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research note on Friday, June 28th. Finally, Raymond James downgraded shares of East West Bancorp from a “market perform” rating to an “underperform” rating in a research note on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.33.

NASDAQ EWBC traded up $1.52 during trading hours on Friday, reaching $39.91. 1,081,600 shares of the company traded hands, compared to its average volume of 971,501. East West Bancorp, Inc. has a 12 month low of $38.24 and a 12 month high of $66.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $5.81 billion, a PE ratio of 8.56, a PEG ratio of 0.86 and a beta of 1.62. The company has a 50 day moving average of $45.34 and a two-hundred day moving average of $48.54.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.24. The firm had revenue of $420.09 million for the quarter, compared to the consensus estimate of $416.35 million. East West Bancorp had a net margin of 32.92% and a return on equity of 15.42%. During the same period in the prior year, the firm posted $1.18 EPS. On average, equities research analysts anticipate that East West Bancorp, Inc. will post 4.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.76%. East West Bancorp’s dividend payout ratio (DPR) is 23.61%.

About East West Bancorp

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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