East West Bancorp, Inc. (NASDAQ:EWBC) Position Reduced by Hahn Capital Management LLC

Hahn Capital Management LLC reduced its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 577,360 shares of the financial services provider’s stock after selling 8,723 shares during the period. East West Bancorp accounts for about 3.3% of Hahn Capital Management LLC’s portfolio, making the stock its 13th largest holding. Hahn Capital Management LLC owned 0.40% of East West Bancorp worth $35,121,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aristotle Capital Management LLC boosted its holdings in shares of East West Bancorp by 185.4% during the 4th quarter. Aristotle Capital Management LLC now owns 2,861,528 shares of the financial services provider’s stock worth $174,067,000 after purchasing an additional 1,859,004 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of East West Bancorp by 66.8% during the 3rd quarter. Janus Henderson Group PLC now owns 983,340 shares of the financial services provider’s stock worth $58,784,000 after purchasing an additional 393,861 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of East West Bancorp during the 4th quarter worth approximately $22,808,000. Jennison Associates LLC boosted its holdings in shares of East West Bancorp by 11.3% during the 4th quarter. Jennison Associates LLC now owns 2,916,015 shares of the financial services provider’s stock worth $177,381,000 after purchasing an additional 294,977 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of East West Bancorp by 29.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,296,562 shares of the financial services provider’s stock worth $78,870,000 after purchasing an additional 294,791 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

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East West Bancorp stock opened at $60.41 on Friday. East West Bancorp, Inc. has a twelve month low of $48.76 and a twelve month high of $69.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $8,981.96, a PE ratio of 18.01, a P/E/G ratio of 1.34 and a beta of 1.42.

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 for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. The company had revenue of $365.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same period in the prior year, the company posted $0.76 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. analysts predict that East West Bancorp, Inc. will post 4.41 EPS for the current year.

In related news, CFO Irene H. Oh sold 5,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $68.29, for a total value of $341,450.00. Following the transaction, the chief financial officer now owns 38,021 shares of the company’s stock, valued at $2,596,454.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iris S. Chan sold 2,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $66.69, for a total value of $133,380.00. Following the completion of the transaction, the director now directly owns 20,301 shares in the company, valued at approximately $1,353,873.69. The disclosure for this sale can be found here. Insiders have sold 9,461 shares of company stock worth $641,846 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Several research analysts have recently weighed in on EWBC shares. BMO Capital Markets boosted their target price on East West Bancorp to $74.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. UBS initiated coverage on East West Bancorp in a report on Thursday, March 22nd. They issued a “buy” rating and a $77.00 price objective on the stock. BidaskClub upgraded East West Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine upgraded East West Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research upgraded East West Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Monday, December 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $70.08.

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East West Bancorp 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.

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

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