DF Dent & Co. Inc. maintained its stake in East West Bancorp, Inc. (NASDAQ:EWBC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,500 shares of the financial services provider’s stock at the close of the second quarter. DF Dent & Co. Inc.’s holdings in East West Bancorp were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Strs Ohio purchased a new position in shares of East West Bancorp during the second quarter worth approximately $110,000. San Francisco Sentry Investment Group CA purchased a new position in shares of East West Bancorp during the second quarter worth approximately $138,000. D.A. Davidson & CO. increased its position in shares of East West Bancorp by 1.0% during the second quarter. D.A. Davidson & CO. now owns 2,508 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 26 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of East West Bancorp during the second quarter worth approximately $149,000. Finally, IFP Advisors Inc increased its position in shares of East West Bancorp by 126.0% during the second quarter. IFP Advisors Inc now owns 2,857 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 1,593 shares during the period. 90.48% of the stock is currently owned by institutional investors and hedge funds.

In other East West Bancorp news, Director Rudolph Estrada sold 1,916 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $55.97, for a total transaction of $107,238.52. Following the completion of the transaction, the director now owns 15,475 shares in the company, valued at approximately $866,135.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.

EWBC has been the topic of a number of research reports. Zacks Investment Research lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price (up from $59.00) on shares of East West Bancorp in a research report on Thursday, July 6th. Deutsche Bank AG lowered shares of East West Bancorp from a “buy” rating to a “hold” rating and set a $61.00 target price on the stock. in a research report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $57.00 target price on shares of East West Bancorp in a research report on Friday, June 23rd. Finally, BidaskClub lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. East West Bancorp currently has a consensus rating of “Hold” and an average target price of $63.13.

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East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. East West Bancorp had a net margin of 34.63% and a return on equity of 13.31%. The firm had revenue of $337.49 million for the quarter, compared to the consensus estimate of $329.32 million. During the same period in the prior year, the firm earned $0.71 EPS.

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.

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

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