Schroder Investment Management Group lowered its position in East West Bancorp Inc. (NASDAQ:EWBC) by 45.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,200 shares of the financial services provider’s stock after selling 146,500 shares during the period. Schroder Investment Management Group owned 0.12% of East West Bancorp worth $5,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EWBC. Assetmark Inc. raised its stake in shares of East West Bancorp by 6.2% in the second quarter. Assetmark Inc. now owns 43,856 shares of the financial services provider’s stock worth $1,499,000 after buying an additional 2,542 shares during the period. Handelsinvest Investeringsforvaltning raised its stake in shares of East West Bancorp by 74.1% in the second quarter. Handelsinvest Investeringsforvaltning now owns 187,700 shares of the financial services provider’s stock worth $6,416,000 after buying an additional 79,900 shares during the period. ZWJ Investment Counsel Inc. raised its stake in shares of East West Bancorp by 11.8% in the second quarter. ZWJ Investment Counsel Inc. now owns 319,598 shares of the financial services provider’s stock worth $10,923,000 after buying an additional 33,625 shares during the period. William Blair Investment Management LLC raised its stake in shares of East West Bancorp by 18.7% in the second quarter. William Blair Investment Management LLC now owns 21,607 shares of the financial services provider’s stock worth $739,000 after buying an additional 3,406 shares during the period. Finally, Stephens Inc. AR raised its stake in shares of East West Bancorp by 16.4% in the second quarter. Stephens Inc. AR now owns 9,166 shares of the financial services provider’s stock worth $313,000 after buying an additional 1,292 shares during the period. Institutional investors and hedge funds own 85.57% of the company’s stock.

East West Bancorp Inc. (NASDAQ:EWBC) traded up 0.50% during mid-day trading on Monday, hitting $35.94. The company had a trading volume of 540,099 shares. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 13.16 and a beta of 1.55. The firm’s 50 day moving average is $35.14 and its 200 day moving average is $35.00. East West Bancorp Inc. has a 52 week low of $27.25 and a 52 week high of $43.94.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. East West Bancorp had a return on equity of 12.49% and a net margin of 31.15%. During the same quarter in the prior year, the business posted $0.68 EPS. On average, equities research analysts predict that East West Bancorp Inc. will post $2.85 EPS for the current year.

A number of brokerages recently commented on EWBC. Zacks Investment Research upgraded East West Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 23rd. BMO Capital Markets restated a “buy” rating and issued a $41.00 target price on shares of East West Bancorp in a research note on Friday, July 22nd. Macquarie upgraded East West Bancorp from a “neutral” rating to an “outperform” rating in a research note on Friday, July 22nd. Finally, Deutsche Bank AG restated a “buy” rating on shares of East West Bancorp in a research note on Sunday, May 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. East West Bancorp presently has an average rating of “Buy” and a consensus target price of $42.71.

In other news, Director Jack C. Liu sold 2,101 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $37.35, for a total value of $78,472.35. Following the transaction, the director now directly owns 29,006 shares in the company, valued at approximately $1,083,374.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rudolph Estrada sold 2,888 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $34.62, for a total value of $99,982.56. Following the completion of the transaction, the director now owns 15,261 shares in the company, valued at $528,335.82. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

East West Bancorp Company Profile

East West Bancorp, Inc (East West) 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 operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network.

5 Day Chart for NASDAQ:EWBC

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