M&R Capital Management Inc. reduced its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 10.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,466 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. M&R Capital Management Inc.’s holdings in East West Bancorp were worth $506,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in 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 buying an additional 1,660,844 shares during the period. BlackRock Inc. increased its holdings in East West Bancorp by 11.5% in the 2nd quarter. BlackRock Inc. now owns 13,329,464 shares of the financial services provider’s stock worth $780,841,000 after buying an additional 1,373,528 shares during the period. William Blair Investment Management LLC increased its holdings in East West Bancorp by 75.9% in the 2nd quarter. William Blair Investment Management LLC now owns 2,646,584 shares of the financial services provider’s stock worth $155,037,000 after buying an additional 1,142,250 shares during the period. State Street Corp increased its holdings in East West Bancorp by 16.5% in the 2nd quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock worth $415,902,000 after buying an additional 1,004,860 shares during the period. Finally, Vanguard Group Inc. increased its holdings in East West Bancorp by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock worth $745,971,000 after buying an additional 893,764 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jack C. Liu sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total transaction of $127,754.00. Following the sale, the director now owns 23,599 shares of the company’s stock, valued at approximately $1,370,393.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rudolph Estrada sold 1,916 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $55.97, for a total transaction of $107,238.52. Following the sale, the director now directly owns 15,475 shares in the company, valued at approximately $866,135.75. The disclosure for this sale can be found here. Insiders have sold a total of 14,116 shares of company stock worth $844,993 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Several equities analysts recently weighed in on the stock. Piper Jaffray Companies set a $74.00 price target on shares of East West Bancorp and gave the stock a “buy” rating in a report on Saturday, October 21st. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and issued a $65.00 price target on shares of East West Bancorp in a report on Thursday, October 12th. DA Davidson reiterated a “hold” rating and issued a $63.00 price target on shares of East West Bancorp in a report on Friday, October 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $66.00 price target (down previously from $68.00) on shares of East West Bancorp in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. East West Bancorp currently has a consensus rating of “Hold” and a consensus price target of $64.90.

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) opened at $59.75 on Thursday. The company has a market cap of $8,660.00, a P/E ratio of 18.62, a PEG ratio of 1.69 and a beta of 1.46. East West Bancorp, Inc. has a one year low of $48.07 and a one year high of $63.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid 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 1.34%. East West Bancorp’s payout ratio is 21.92%.

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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.

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

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