Old Mutual Global Investors UK Ltd. Invests $22.81 Million in East West Bancorp, Inc. (EWBC)

Old Mutual Global Investors UK Ltd. bought a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 374,958 shares of the financial services provider’s stock, valued at approximately $22,808,000. Old Mutual Global Investors UK Ltd. owned about 0.26% of East West Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trilogy Capital Inc. bought a new stake in shares of East West Bancorp in the 4th quarter valued at about $1,606,000. KBC Group NV lifted its stake in shares of East West Bancorp by 46.3% in the 4th quarter. KBC Group NV now owns 16,081 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 5,092 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of East West Bancorp in the 4th quarter valued at about $2,385,000. Wellington Shields Capital Management LLC lifted its stake in shares of East West Bancorp by 4.6% in the 4th quarter. Wellington Shields Capital Management LLC now owns 78,325 shares of the financial services provider’s stock valued at $4,765,000 after acquiring an additional 3,475 shares during the last quarter. Finally, ING Groep NV lifted its stake in shares of East West Bancorp by 23.3% in the 4th quarter. ING Groep NV now owns 21,810 shares of the financial services provider’s stock valued at $1,327,000 after acquiring an additional 4,115 shares during the last quarter. 90.90% of the stock is owned by institutional investors.

In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction that occurred 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 approximately $1,479,531.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Paul Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $61.26, for a total value of $306,300.00. Following the transaction, the insider now owns 18,015 shares in the company, valued at approximately $1,103,598.90. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock worth $704,434 in the last quarter. Company insiders own 0.88% of the company’s stock.

East West Bancorp, Inc. (NASDAQ:EWBC) opened at $66.95 on Thursday. East West Bancorp, Inc. has a twelve month low of $48.07 and a twelve month high of $69.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $9,359.15, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results 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 firm had revenue of $365.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter last year, the company posted $0.76 EPS. The firm’s revenue was up 13.5% on a year-over-year basis. sell-side analysts expect that East West Bancorp, Inc. will post 4.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. East West Bancorp’s dividend payout ratio (DPR) is 23.12%.

EWBC has been the subject of a number of recent analyst reports. Barclays set a $66.00 price target on East West Bancorp and gave the company a “buy” rating in a research report on Friday, October 20th. BMO Capital Markets upped their price target on East West Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. DA Davidson reaffirmed a “hold” rating and set a $63.00 price target on shares of East West Bancorp in a research report on Friday, October 20th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, October 24th. Finally, ValuEngine raised East West Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $69.50.

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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.

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

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