Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,111 shares of the financial services provider’s stock, valued at approximately $2,550,000.

A number of other large investors have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its holdings in East West Bancorp by 7.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,544 shares of the financial services provider’s stock valued at $766,000 after buying an additional 789 shares during the last quarter. BB&T Securities LLC raised its holdings in East West Bancorp by 2.0% during the 1st quarter. BB&T Securities LLC now owns 47,955 shares of the financial services provider’s stock valued at $2,999,000 after buying an additional 932 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in East West Bancorp by 2.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 41,367 shares of the financial services provider’s stock valued at $2,587,000 after buying an additional 936 shares during the last quarter. Hanson & Doremus Investment Management raised its holdings in East West Bancorp by 4.0% during the 1st quarter. Hanson & Doremus Investment Management now owns 27,189 shares of the financial services provider’s stock valued at $1,700,000 after buying an additional 1,042 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its holdings in East West Bancorp by 2.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 45,550 shares of the financial services provider’s stock valued at $2,848,000 after buying an additional 1,050 shares during the last quarter. Institutional investors own 89.75% of the company’s stock.

Several research analysts have commented on EWBC shares. ValuEngine lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. BidaskClub upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. DA Davidson decreased their price objective on shares of East West Bancorp from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, April 24th. Morgan Stanley upped their price objective on shares of East West Bancorp from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 24th. Finally, Deutsche Bank upped their price objective on shares of East West Bancorp from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. East West Bancorp has a consensus rating of “Hold” and an average target price of $71.77.

Shares of NASDAQ EWBC opened at $63.71 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. East West Bancorp, Inc. has a 12 month low of $52.86 and a 12 month high of $73.98. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.33 and a beta of 1.37.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, July 19th. The financial services provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.09. The business had revenue of $389.95 million during the quarter, compared to analyst estimates of $382.70 million. East West Bancorp had a net margin of 34.15% and a return on equity of 15.12%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. equities research analysts expect that East West Bancorp, Inc. will post 4.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st will be given a $0.23 dividend. The ex-dividend date is Tuesday, July 31st. This is an increase from East West Bancorp’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.44%. East West Bancorp’s dividend payout ratio is currently 26.59%.

In other news, CEO Dominic Ng sold 5,770 shares of the company’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $69.61, for a total value of $401,649.70. Following the sale, the chief executive officer now directly owns 409,142 shares of the company’s stock, valued at approximately $28,480,374.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas Paul Krause sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $69.65, for a total transaction of $348,250.00. Following the completion of the sale, the insider now directly owns 19,919 shares in the company, valued at $1,387,358.35. The disclosure for this sale can be found here. Insiders sold a total of 103,763 shares of company stock worth $7,353,704 over the last ninety days. Insiders own 0.68% of the company’s stock.

About East West Bancorp

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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

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