Colonial Trust Advisors grew its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,539 shares of the financial services provider’s stock after purchasing an additional 18,751 shares during the quarter. Colonial Trust Advisors’ holdings in East West Bancorp were worth $4,230,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EWBC. Sei Investments Co. increased its stake in shares of East West Bancorp by 18.1% in the 3rd quarter. Sei Investments Co. now owns 111,518 shares of the financial services provider’s stock valued at $6,667,000 after acquiring an additional 17,107 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of East West Bancorp by 9.6% in the 4th quarter. State of Tennessee Treasury Department now owns 228,900 shares of the financial services provider’s stock valued at $13,924,000 after acquiring an additional 20,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of East West Bancorp by 15.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 103,913 shares of the financial services provider’s stock valued at $6,212,000 after acquiring an additional 13,816 shares in the last quarter. Tredje AP fonden increased its stake in shares of East West Bancorp by 212.4% in the 3rd quarter. Tredje AP fonden now owns 15,930 shares of the financial services provider’s stock valued at $952,000 after acquiring an additional 10,830 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of East West Bancorp by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 397,475 shares of the financial services provider’s stock valued at $23,761,000 after acquiring an additional 7,975 shares in the last quarter. Hedge funds and other institutional investors own 91.66% of the company’s stock.

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East West Bancorp stock opened at $65.21 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $9,404.03, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. East West Bancorp, Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $69.25.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.04). The firm had revenue of $365.06 million for the quarter, compared to analysts’ expectations of $359.43 million. East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. East West Bancorp’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. sell-side analysts anticipate that East West Bancorp, Inc. will post 4.4 earnings per share for the current fiscal year.

EWBC has been the subject of several research analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $68.00 price objective on shares of East West Bancorp in a research note on Wednesday, November 29th. Morgan Stanley lifted their price objective on shares of East West Bancorp from $61.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Monday, December 25th. ValuEngine raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Barclays lifted their price target on shares of East West Bancorp from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. East West Bancorp has an average rating of “Hold” and an average target price of $69.50.

In related news, Director Molly Campbell sold 461 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $65.11, for a total value of $30,015.71. Following the transaction, the director now directly owns 5,448 shares of the company’s stock, valued at approximately $354,719.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iris S. Chan sold 2,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $66.69, for a total transaction of $133,380.00. Following the completion of the transaction, the director now directly owns 20,301 shares in the company, valued at $1,353,873.69. The disclosure for this sale can be found here. Insiders have sold a total of 9,461 shares of company stock worth $641,846 over the last ninety days. Insiders own 0.88% of the company’s stock.

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East West Bancorp Profile

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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