Cetera Advisors LLC increased its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 33.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,159 shares of the financial services provider’s stock after buying an additional 4,297 shares during the quarter. Cetera Advisors LLC’s holdings in East West Bancorp were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. D.A. Davidson & CO. increased its stake in shares of East West Bancorp by 1.0% in the second quarter. D.A. Davidson & CO. now owns 2,508 shares of the financial services provider’s stock worth $146,000 after buying an additional 26 shares during the period. Cadence Capital Management LLC increased its stake in shares of East West Bancorp by 1.0% in the second quarter. Cadence Capital Management LLC now owns 5,859 shares of the financial services provider’s stock worth $343,000 after buying an additional 60 shares during the period. Utah Retirement Systems increased its stake in shares of East West Bancorp by 0.4% in the second quarter. Utah Retirement Systems now owns 26,294 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 100 shares during the period. BlueMountain Capital Management LLC increased its stake in shares of East West Bancorp by 2.6% in the second quarter. BlueMountain Capital Management LLC now owns 5,480 shares of the financial services provider’s stock worth $321,000 after buying an additional 139 shares during the period. Finally, Synovus Financial Corp increased its stake in shares of East West Bancorp by 2.1% in the second quarter. Synovus Financial Corp now owns 7,702 shares of the financial services provider’s stock worth $452,000 after buying an additional 159 shares during the period. 91.41% of the stock is currently owned by institutional investors.

In other news, Director Rudolph Estrada sold 1,916 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $55.97, for a total transaction of $107,238.52. Following the sale, the director now owns 15,475 shares in the company, valued at approximately $866,135.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack C. Liu sold 2,200 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,370,393.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,116 shares of company stock worth $844,993. Company insiders own 0.88% of the company’s stock.

Several analysts recently weighed in on EWBC shares. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Thursday, August 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $57.00 price target on shares of East West Bancorp in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $65.50.

Shares of East West Bancorp, Inc. (NASDAQ EWBC) opened at $59.27 on Thursday. The firm has a market cap of $8,633.55, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.63 and a beta of 1.46. East West Bancorp, Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $63.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. equities analysts expect that East West Bancorp, Inc. will post 3.49 EPS for the current year.

The firm also recently announced 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Tuesday, October 31st. East West Bancorp’s dividend payout ratio (DPR) is presently 21.98%.

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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)

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