Schroder Investment Management Group lifted its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,121 shares of the financial services provider’s stock after purchasing an additional 3,799 shares during the quarter. Schroder Investment Management Group owned about 0.33% of East West Bancorp worth $28,009,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EWBC. Canada Pension Plan Investment Board boosted its position in shares of East West Bancorp by 59.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 53,100 shares of the financial services provider’s stock worth $2,740,000 after purchasing an additional 19,800 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of East West Bancorp by 8.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 100,076 shares of the financial services provider’s stock worth $5,164,000 after purchasing an additional 7,670 shares in the last quarter. LSV Asset Management boosted its position in shares of East West Bancorp by 13.7% in the 1st quarter. LSV Asset Management now owns 39,000 shares of the financial services provider’s stock worth $2,012,000 after purchasing an additional 4,700 shares in the last quarter. American Century Companies Inc. boosted its position in shares of East West Bancorp by 171.0% in the 1st quarter. American Century Companies Inc. now owns 147,267 shares of the financial services provider’s stock worth $7,600,000 after purchasing an additional 92,915 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of East West Bancorp by 24.6% in the 1st quarter. US Bancorp DE now owns 9,873 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 1,949 shares in the last quarter. 91.34% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on EWBC. BMO Capital Markets cut East West Bancorp from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research report on Friday, July 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target (up previously from $59.00) on shares of East West Bancorp in a research report on Thursday, July 6th. Piper Jaffray Companies set a $68.00 price target on East West Bancorp and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub raised East West Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Deutsche Bank AG cut East West Bancorp from a “buy” rating to a “hold” rating and set a $61.00 price target for the company. in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. East West Bancorp has a consensus rating of “Hold” and a consensus target price of $62.63.

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Shares of East West Bancorp, Inc. (NASDAQ EWBC) opened at 55.10 on Tuesday. The firm’s 50-day moving average price is $56.04 and its 200-day moving average price is $55.31. East West Bancorp, Inc. has a 12 month low of $35.33 and a 12 month high of $60.42. The firm has a market cap of $7.96 billion, a PE ratio of 15.74 and a beta of 1.43.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $337.49 million during the quarter, compared to the consensus estimate of $329.32 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Analysts expect that East West Bancorp, Inc. will post $3.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.20 dividend. The ex-dividend date was Friday, July 28th. This represents a $0.80 annualized dividend and a yield of 1.45%. East West Bancorp’s dividend payout ratio is presently 22.92%.

East West Bancorp Company 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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