Sei Investments Co. lifted its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 18.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,518 shares of the financial services provider’s stock after buying an additional 17,107 shares during the period. Sei Investments Co. owned approximately 0.08% of East West Bancorp worth $6,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of East West Bancorp by 156.1% in the 2nd quarter. Royal Bank of Canada now owns 72,735 shares of the financial services provider’s stock worth $4,260,000 after acquiring an additional 44,336 shares during the last quarter. Dai Ichi Life Insurance Company Ltd grew its holdings in shares of East West Bancorp by 113.8% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 96,514 shares of the financial services provider’s stock worth $5,654,000 after acquiring an additional 51,378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of East West Bancorp by 352.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,516 shares of the financial services provider’s stock worth $1,378,000 after acquiring an additional 18,321 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of East West Bancorp by 128.7% in the 2nd quarter. Principal Financial Group Inc. now owns 2,951,316 shares of the financial services provider’s stock worth $172,888,000 after acquiring an additional 1,660,844 shares during the last quarter. Finally, Cipher Capital LP grew its holdings in shares of East West Bancorp by 10.0% in the 2nd quarter. Cipher Capital LP now owns 84,907 shares of the financial services provider’s stock worth $4,974,000 after acquiring an additional 7,709 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Sei Investments Co. Boosts Stake in East West Bancorp, Inc. (EWBC)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/sei-investments-co-boosts-stake-in-east-west-bancorp-inc-ewbc/1723071.html.

A number of equities analysts recently issued reports on EWBC shares. Zacks Investment Research cut East West Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Piper Jaffray Companies set a $74.00 target price on East West Bancorp and gave the stock a “buy” rating in a report on Saturday, October 21st. Wedbush restated an “outperform” rating and issued a $66.00 target price (down from $68.00) on shares of East West Bancorp in a report on Friday, October 20th. Morgan Stanley restated an “equal weight” rating and issued a $63.00 target price (up from $61.00) on shares of East West Bancorp in a report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $65.00 target price on shares of East West Bancorp in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. East West Bancorp presently has an average rating of “Hold” and an average price target of $64.60.

In other news, Director Herman Y. Li sold 10,000 shares of East West Bancorp stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the director now owns 40,130 shares in the company, valued at $2,447,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rudolph Estrada sold 1,916 shares of East West Bancorp stock in a transaction on Monday, September 18th. The shares were sold at an average price of $55.97, for a total value of $107,238.52. Following the transaction, the director now owns 15,475 shares in the company, valued at approximately $866,135.75. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

East West Bancorp, Inc. (EWBC) opened at $58.01 on Friday. East West Bancorp, Inc. has a twelve month low of $46.31 and a twelve month high of $61.90. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $8,384.93, a price-to-earnings ratio of 17.37, a PEG ratio of 1.58 and a beta of 1.47.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. The business had revenue of $348.97 million for the quarter, compared to the consensus estimate of $349.28 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. East West Bancorp’s revenue for the quarter was up 15.0% compared to the same quarter last year. analysts expect that East West Bancorp, Inc. will post 3.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.38%. East West Bancorp’s dividend payout ratio is 21.98%.

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)

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