California State Teachers Retirement System decreased its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,151 shares of the financial services provider’s stock after selling 8,024 shares during the quarter. California State Teachers Retirement System’s holdings in East West Bancorp were worth $10,149,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EWBC. Stifel Financial Corp raised its holdings in shares of East West Bancorp by 200.8% during the fourth quarter. Stifel Financial Corp now owns 244,314 shares of the financial services provider’s stock valued at $10,675,000 after acquiring an additional 163,105 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of East West Bancorp by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,089,039 shares of the financial services provider’s stock valued at $47,405,000 after acquiring an additional 61,044 shares during the last quarter. United Services Automobile Association raised its holdings in shares of East West Bancorp by 48.2% during the fourth quarter. United Services Automobile Association now owns 154,099 shares of the financial services provider’s stock valued at $6,708,000 after acquiring an additional 50,120 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of East West Bancorp by 9.1% during the fourth quarter. Hsbc Holdings PLC now owns 137,896 shares of the financial services provider’s stock valued at $6,003,000 after acquiring an additional 11,553 shares during the last quarter. Finally, JOYN Advisors Inc. raised its holdings in shares of East West Bancorp by 6,200.0% during the fourth quarter. JOYN Advisors Inc. now owns 1,071 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,054 shares during the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.

In related news, Director Jack C. Liu sold 2,108 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $55.20, for a total value of $116,361.60. Following the completion of the sale, the director now owns 18,857 shares of the company’s stock, valued at $1,040,906.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rudolph Estrada sold 1,902 shares of the stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $52.64, for a total value of $100,121.28. Following the completion of the sale, the director now directly owns 15,089 shares of the company’s stock, valued at approximately $794,284.96. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

NASDAQ:EWBC opened at $50.37 on Thursday. East West Bancorp, Inc. has a one year low of $40.05 and a one year high of $73.98. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $7.55 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.97 and a beta of 1.56.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Thursday, January 24th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. East West Bancorp had a return on equity of 16.26% and a net margin of 37.78%. The firm had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $408.61 million. During the same quarter last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities research analysts anticipate that East West Bancorp, Inc. will post 5.1 earnings per share for the current year.

EWBC has been the subject of a number of research analyst reports. TheStreet raised East West Bancorp from a “c+” rating to a “b” rating in a report on Thursday, February 7th. BidaskClub raised East West Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Barclays reissued a “buy” rating and set a $69.00 target price on shares of East West Bancorp in a report on Friday, January 11th. DA Davidson raised East West Bancorp from a “neutral” rating to a “buy” rating in a report on Tuesday, November 27th. Finally, Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $67.64.

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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 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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