Signition LP Has $279,000 Stake in East West Bancorp, Inc. (NASDAQ:EWBC)

Signition LP decreased its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 16.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,972 shares of the financial services provider’s stock after selling 1,210 shares during the quarter. Signition LP’s holdings in East West Bancorp were worth $279,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EWBC. William Blair Investment Management LLC raised its position in shares of East West Bancorp by 132.7% in the 1st quarter. William Blair Investment Management LLC now owns 3,757,889 shares of the financial services provider’s stock valued at $180,266,000 after buying an additional 2,142,829 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of East West Bancorp by 46.5% in the 1st quarter. Principal Financial Group Inc. now owns 3,159,327 shares of the financial services provider’s stock valued at $151,555,000 after buying an additional 1,002,529 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of East West Bancorp by 10.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 2,663,951 shares of the financial services provider’s stock valued at $124,593,000 after buying an additional 246,578 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of East West Bancorp by 29,021.2% in the 1st quarter. Acadian Asset Management LLC now owns 223,942 shares of the financial services provider’s stock valued at $10,746,000 after buying an additional 223,173 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of East West Bancorp by 45.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 708,453 shares of the financial services provider’s stock valued at $33,984,000 after buying an additional 220,803 shares in the last quarter. Institutional investors own 88.10% of the company’s stock.

Shares of East West Bancorp stock traded down $1.82 during midday trading on Friday, hitting $38.36. 798,949 shares of the company traded hands, compared to its average volume of 922,610. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.88 and a beta of 1.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average price is $44.36 and its 200-day moving average price is $48.19. East West Bancorp, Inc. has a 12 month low of $38.21 and a 12 month high of $64.69.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, July 18th. The financial services provider reported $1.24 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.24. East West Bancorp had a net margin of 32.92% and a return on equity of 15.42%. The firm had revenue of $420.09 million for the quarter, compared to analyst estimates of $416.35 million. During the same period in the previous year, the firm posted $1.18 EPS. Equities research analysts forecast that East West Bancorp, Inc. will post 4.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, July 31st. East West Bancorp’s payout ratio is 23.61%.

Several brokerages have recently commented on EWBC. Zacks Investment Research upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating and set a $48.00 target price for the company in a research report on Friday, June 28th. Morgan Stanley upgraded shares of East West Bancorp from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $59.00 to $57.00 in a research report on Monday, July 1st. ValuEngine cut shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $50.00 target price (down from $57.00) on shares of East West Bancorp in a research report on Monday, June 3rd. Finally, Raymond James lowered shares of East West Bancorp from a “market perform” rating to an “underperform” rating in a report on Monday, July 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $57.33.

East West Bancorp Company Profile

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 businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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

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