Schroder Investment Management Group raised its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 520,734 shares of the financial services provider’s stock after purchasing an additional 30,179 shares during the period. Schroder Investment Management Group’s holdings in East West Bancorp were worth $31,676,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Toronto Dominion Bank purchased a new stake in East West Bancorp in the second quarter valued at $104,000. National Pension Service purchased a new stake in East West Bancorp in the fourth quarter valued at $116,000. Contravisory Investment Management Inc. purchased a new stake in East West Bancorp in the fourth quarter valued at $129,000. Field & Main Bank purchased a new stake in East West Bancorp in the fourth quarter valued at $146,000. Finally, Advisor Partners LLC purchased a new stake in East West Bancorp in the fourth quarter valued at $213,000. Institutional investors own 91.11% of the company’s stock.
In related news, Director Jack C. Liu sold 2,200 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $58.07, for a total transaction of $127,754.00. Following the completion of the transaction, the director now directly owns 23,599 shares of the company’s stock, valued at approximately $1,370,393.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack C. Liu sold 2,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $68.50, for a total value of $137,000.00. Following the transaction, the director now directly owns 21,599 shares of the company’s stock, valued at $1,479,531.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock valued at $704,434 over the last three months. 0.88% of the stock is currently owned by insiders.
EWBC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Monday, January 8th. Morgan Stanley lifted their target price on East West Bancorp from $61.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. BidaskClub upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. SunTrust Banks restated a “buy” rating and issued a $68.00 target price on shares of East West Bancorp in a research report on Wednesday, November 29th. Finally, Barclays boosted their price objective on East West Bancorp from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $69.50.
Shares of East West Bancorp, Inc. (NASDAQ:EWBC) opened at $67.39 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $9,594.76, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.44 and a beta of 1.45. East West Bancorp, Inc. has a 1-year low of $48.07 and a 1-year high of $69.25.
East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.04). The firm had revenue of $365.06 million during the quarter, compared to analysts’ expectations of $359.43 million. East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. East West Bancorp’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. research analysts forecast that East West Bancorp, Inc. will post 4.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.80 annualized dividend and a yield of 1.19%. East West Bancorp’s payout ratio is 23.12%.
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East West Bancorp Company Profile
East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.
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