Timber Hill LLC Has $207,000 Position in East West Bancorp (EWBC)

Timber Hill LLC lessened its position in shares of East West Bancorp (NASDAQ:EWBC) by 44.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,310 shares of the financial services provider’s stock after selling 2,629 shares during the period. Timber Hill LLC’s holdings in East West Bancorp were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. State of Tennessee Treasury Department increased its holdings in East West Bancorp by 9.6% during the 4th quarter. State of Tennessee Treasury Department now owns 228,900 shares of the financial services provider’s stock worth $13,924,000 after acquiring an additional 20,000 shares during the period. Toronto Dominion Bank increased its holdings in East West Bancorp by 39.5% during the 4th quarter. Toronto Dominion Bank now owns 8,515 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 2,413 shares during the period. OppenheimerFunds Inc. increased its holdings in East West Bancorp by 35.4% during the 4th quarter. OppenheimerFunds Inc. now owns 408,559 shares of the financial services provider’s stock worth $24,853,000 after acquiring an additional 106,799 shares during the period. US Bancorp DE increased its holdings in East West Bancorp by 62.2% during the 4th quarter. US Bancorp DE now owns 10,230 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 3,923 shares during the period. Finally, TIAA FSB increased its holdings in shares of East West Bancorp by 30.6% in the 4th quarter. TIAA FSB now owns 63,361 shares of the financial services provider’s stock worth $3,854,000 after buying an additional 14,847 shares during the last quarter. 91.23% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Molly Campbell sold 461 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $65.11, for a total value of $30,015.71. Following the completion of the sale, the director now owns 5,448 shares of the company’s stock, valued at approximately $354,719.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack C. Liu sold 1,075 shares of the company’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $65.98, for a total transaction of $70,928.50. Following the completion of the sale, the director now directly owns 20,524 shares of the company’s stock, valued at approximately $1,354,173.52. The disclosure for this sale can be found here. Insiders sold a total of 54,329 shares of company stock valued at $3,725,639 in the last ninety days. 0.88% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of East West Bancorp from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. BMO Capital Markets increased their price target on shares of East West Bancorp to $74.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Sandler O’Neill reissued a “buy” rating and issued a $76.00 price target on shares of East West Bancorp in a report on Friday, January 26th. Deutsche Bank increased their price target on shares of East West Bancorp from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, May 4th. Finally, Morgan Stanley increased their price target on shares of East West Bancorp from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 24th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. East West Bancorp has a consensus rating of “Hold” and a consensus target price of $72.23.

Shares of East West Bancorp opened at $70.48 on Friday, MarketBeat Ratings reports. East West Bancorp has a 52-week low of $52.86 and a 52-week high of $71.55. The firm has a market capitalization of $10.21 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, April 19th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.13. East West Bancorp had a net margin of 32.46% and a return on equity of 14.15%. The company had revenue of $401.14 million during the quarter, compared to analysts’ expectations of $364.81 million. During the same quarter in the prior year, the company earned $0.88 EPS. equities research analysts forecast that East West Bancorp will post 4.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were paid a $0.20 dividend. The ex-dividend date was Monday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.14%. East West Bancorp’s dividend payout ratio (DPR) is 23.12%.

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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

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