Virtu Financial LLC raised its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 22.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,277 shares of the financial services provider’s stock after acquiring an additional 1,724 shares during the quarter. Virtu Financial LLC’s holdings in East West Bancorp were worth $411,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of East West Bancorp by 1,062.0% during the 2nd quarter. Invesco Ltd. now owns 2,218,803 shares of the financial services provider’s stock worth $103,773,000 after purchasing an additional 2,027,851 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of East West Bancorp by 130.0% in the second quarter. Nuveen Asset Management LLC now owns 1,446,685 shares of the financial services provider’s stock valued at $67,662,000 after purchasing an additional 817,822 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in East West Bancorp by 63.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,765,284 shares of the financial services provider’s stock worth $82,562,000 after buying an additional 686,664 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in East West Bancorp by 117.3% during the second quarter. Allianz Asset Management GmbH now owns 588,669 shares of the financial services provider’s stock worth $27,532,000 after buying an additional 317,801 shares in the last quarter. Finally, Boston Partners grew its position in East West Bancorp by 6.6% during the second quarter. Boston Partners now owns 4,991,542 shares of the financial services provider’s stock worth $233,427,000 after buying an additional 309,257 shares during the period. 87.63% of the stock is owned by institutional investors.

Shares of NASDAQ EWBC opened at $44.39 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $44.40 and its 200 day moving average price is $44.20. East West Bancorp, Inc. has a 52 week low of $37.69 and a 52 week high of $56.09. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.96 and a beta of 1.68.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.03). East West Bancorp had a return on equity of 14.90% and a net margin of 31.98%. The business had revenue of $421.28 million for the quarter, compared to analyst estimates of $418.32 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, research analysts expect that East West Bancorp, Inc. will post 4.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.48%. East West Bancorp’s dividend payout ratio (DPR) is 23.61%.

A number of brokerages have issued reports on EWBC. Raymond James cut shares of East West Bancorp from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 8th. Morgan Stanley decreased their price target on East West Bancorp from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. SunTrust Banks decreased their price target on East West Bancorp from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets cut East West Bancorp from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $51.00 to $44.00 in a report on Monday, August 19th. Finally, Wells Fargo & Co dropped their price objective on East West Bancorp from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $53.43.

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 businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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

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