Barings LLC reduced its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 86.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400 shares of the financial services provider’s stock after selling 21,900 shares during the quarter. Barings LLC’s holdings in East West Bancorp were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EWBC. Aristotle Capital Management LLC lifted its holdings in shares of East West Bancorp by 70.3% during the first quarter. Aristotle Capital Management LLC now owns 4,873,367 shares of the financial services provider’s stock valued at $304,780,000 after purchasing an additional 2,011,839 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of East West Bancorp by 5.0% during the first quarter. BlackRock Inc. now owns 14,450,262 shares of the financial services provider’s stock valued at $903,719,000 after purchasing an additional 683,047 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of East West Bancorp by 129.1% during the first quarter. OppenheimerFunds Inc. now owns 935,982 shares of the financial services provider’s stock valued at $58,537,000 after purchasing an additional 527,423 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of East West Bancorp by 59.0% during the first quarter. The Manufacturers Life Insurance Company now owns 748,925 shares of the financial services provider’s stock valued at $46,839,000 after purchasing an additional 277,831 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of East West Bancorp by 105.1% during the first quarter. Nuveen Asset Management LLC now owns 516,629 shares of the financial services provider’s stock valued at $32,310,000 after purchasing an additional 264,717 shares in the last quarter. 89.75% of the stock is currently owned by hedge funds and other institutional investors.

EWBC stock opened at $64.60 on Friday. East West Bancorp, Inc. has a fifty-two week low of $52.86 and a fifty-two week high of $73.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.33 and a beta of 1.37.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, July 19th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.09. East West Bancorp had a return on equity of 15.12% and a net margin of 34.15%. The company had revenue of $389.95 million for the quarter, compared to the consensus estimate of $382.70 million. During the same quarter in the prior year, the company earned $0.81 earnings per share. East West Bancorp’s revenue was up 15.6% on a year-over-year basis. equities analysts predict that East West Bancorp, Inc. will post 4.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st were given a $0.23 dividend. This is a boost from East West Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, July 31st. This represents a $0.92 dividend on an annualized basis and a yield of 1.42%. East West Bancorp’s dividend payout ratio is presently 26.59%.

A number of research analysts have recently issued reports on EWBC shares. Piper Jaffray Companies set a $82.00 price target on East West Bancorp and gave the company a “buy” rating in a report on Thursday, July 19th. BidaskClub raised East West Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 8th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Wednesday, June 20th. Morgan Stanley increased their target price on East West Bancorp from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, April 24th. Finally, ValuEngine downgraded East West Bancorp from a “buy” rating to a “hold” rating in a report on Monday, June 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $71.77.

In other East West Bancorp news, CEO Dominic Ng sold 5,771 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $71.42, for a total value of $412,164.82. Following the completion of the sale, the chief executive officer now owns 482,161 shares in the company, valued at $34,435,938.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Irene H. Oh sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $72.99, for a total value of $364,950.00. Following the completion of the sale, the chief financial officer now owns 40,672 shares of the company’s stock, valued at approximately $2,968,649.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,146 shares of company stock valued at $6,459,916. Company insiders own 0.68% of the company’s stock.

About East West Bancorp

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.

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

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