East West Bancorp, Inc. (EWBC) Position Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 462,982 shares of the financial services provider’s stock after buying an additional 24,026 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.32% of East West Bancorp worth $28,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers lifted its stake in East West Bancorp by 5.8% in the second quarter. Cetera Investment Advisers now owns 4,827 shares of the financial services provider’s stock valued at $284,000 after buying an additional 266 shares in the last quarter. Stifel Financial Corp lifted its stake in East West Bancorp by 4.1% in the second quarter. Stifel Financial Corp now owns 16,173 shares of the financial services provider’s stock valued at $945,000 after buying an additional 633 shares in the last quarter. Community Financial Services Group LLC lifted its stake in East West Bancorp by 0.7% in the third quarter. Community Financial Services Group LLC now owns 124,294 shares of the financial services provider’s stock valued at $7,430,000 after buying an additional 873 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in East West Bancorp by 12.0% in the third quarter. Advisors Asset Management Inc. now owns 8,130 shares of the financial services provider’s stock valued at $486,000 after buying an additional 873 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in East West Bancorp by 10.4% in the third quarter. Stephens Inc. AR now owns 9,541 shares of the financial services provider’s stock valued at $570,000 after buying an additional 900 shares in the last quarter. 90.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on EWBC. Zacks Investment Research lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Deutsche Bank raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. ValuEngine raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley lifted their price target on shares of East West Bancorp from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. East West Bancorp presently has an average rating of “Hold” and an average price target of $69.50.

In related news, insider Douglas Paul Krause sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total transaction of $306,300.00. Following the transaction, the insider now directly owns 18,015 shares in the company, valued at $1,103,598.90. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $137,000.00. Following the transaction, the director now owns 21,599 shares in the company, valued at $1,479,531.50. The disclosure for this sale can be found here. In the last three months, insiders sold 11,200 shares of company stock worth $704,434. 0.88% of the stock is currently owned by insiders.

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) opened at $66.95 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 company has a market cap of $9,359.15, a price-to-earnings ratio of 19.35, a PEG ratio of 1.40 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 announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.04). The business had revenue of $365.06 million during the quarter, compared to the consensus estimate of $359.43 million. East West Bancorp had a return on equity of 8.93% and a net margin of 23.26%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. research analysts forecast that East West Bancorp, Inc. will post 4.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, February 2nd. East West Bancorp’s dividend payout ratio is presently 23.12%.

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About East West Bancorp

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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