Epoch Investment Partners Inc. Acquires 41,993 Shares of East West Bancorp, Inc. (EWBC)

Share on StockTwits

Epoch Investment Partners Inc. grew its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 83.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,554 shares of the financial services provider’s stock after acquiring an additional 41,993 shares during the quarter. Epoch Investment Partners Inc. owned 0.06% of East West Bancorp worth $4,029,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Cigna Investments Inc. New boosted its position in shares of East West Bancorp by 3.5% in the fourth quarter. Cigna Investments Inc. New now owns 7,249 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 245 shares during the period. Condor Capital Management boosted its position in shares of East West Bancorp by 1.2% in the fourth quarter. Condor Capital Management now owns 22,813 shares of the financial services provider’s stock valued at $993,000 after acquiring an additional 263 shares during the period. State of Alaska Department of Revenue boosted its position in shares of East West Bancorp by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 15,519 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 292 shares during the period. M&T Bank Corp boosted its position in shares of East West Bancorp by 0.8% in the fourth quarter. M&T Bank Corp now owns 48,013 shares of the financial services provider’s stock valued at $2,090,000 after acquiring an additional 375 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of East West Bancorp by 3.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,752 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 379 shares during the period. 88.04% of the stock is owned by institutional investors.

In other news, Director Rudolph Estrada sold 1,902 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $52.64, for a total value of $100,121.28. Following the completion of the transaction, the director now owns 15,089 shares of the company’s stock, valued at $794,284.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack C. Liu sold 2,108 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $55.20, for a total value of $116,361.60. Following the completion of the transaction, the director now directly owns 18,857 shares of the company’s stock, valued at approximately $1,040,906.40. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

EWBC opened at $52.74 on Friday. East West Bancorp, Inc. has a twelve month low of $40.05 and a twelve month high of $73.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $7.53 billion, a P/E ratio of 11.32, a PEG ratio of 0.97 and a beta of 1.56.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, January 24th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $408.61 million. East West Bancorp had a net margin of 37.78% and a return on equity of 16.26%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, analysts anticipate that East West Bancorp, Inc. will post 5.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Monday, February 4th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.74%. East West Bancorp’s dividend payout ratio (DPR) is currently 19.74%.

Several equities research analysts recently weighed in on EWBC shares. BidaskClub cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. TheStreet raised shares of East West Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, February 7th. Wedbush upped their price objective on shares of East West Bancorp from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Barclays reaffirmed a “buy” rating and set a $69.00 price objective on shares of East West Bancorp in a research report on Friday, January 11th. Finally, ValuEngine cut shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.64.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://weekherald.com/2019/03/15/epoch-investment-partners-inc-acquires-41993-shares-of-east-west-bancorp-inc-ewbc.html.

East West Bancorp Company 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.

Further Reading: What economic reports are most valuable to investors?

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

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply