Smith Graham & Co. Investment Advisors LP Raises Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

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Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,710 shares of the financial services provider’s stock after purchasing an additional 310 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned approximately 0.07% of East West Bancorp worth $4,638,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Advantage Investment Management LLC raised its holdings in shares of East West Bancorp by 64.1% during the second quarter. Advantage Investment Management LLC now owns 717 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 280 shares during the last quarter. QCI Asset Management Inc. NY acquired a new position in shares of East West Bancorp during the second quarter valued at approximately $37,000. FTB Advisors Inc. acquired a new position in shares of East West Bancorp during the second quarter valued at approximately $44,000. Meeder Asset Management Inc. raised its holdings in shares of East West Bancorp by 1,042.9% during the second quarter. Meeder Asset Management Inc. now owns 960 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 876 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of East West Bancorp during the second quarter valued at approximately $47,000. Institutional investors own 88.41% of the company’s stock.

A number of equities analysts have commented on the company. ValuEngine raised East West Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised East West Bancorp from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a report on Friday, October 4th. BidaskClub cut East West Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley raised East West Bancorp from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $59.00 to $57.00 in a report on Monday, July 1st. Finally, SunTrust Banks cut their price target on East West Bancorp from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. East West Bancorp presently has a consensus rating of “Hold” and a consensus target price of $53.86.

In other East West Bancorp news, CEO Dominic Ng acquired 25,840 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was bought at an average cost of $38.71 per share, for a total transaction of $1,000,266.40. Following the completion of the transaction, the chief executive officer now owns 538,250 shares of the company’s stock, valued at approximately $20,835,657.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Irene H. Oh acquired 6,400 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $39.10 per share, with a total value of $250,240.00. Following the completion of the transaction, the chief financial officer now directly owns 59,589 shares of the company’s stock, valued at approximately $2,329,929.90. The disclosure for this purchase can be found here. Insiders purchased 38,052 shares of company stock valued at $1,478,330 over the last quarter. 0.61% of the stock is currently owned by company insiders.

East West Bancorp stock traded down $0.07 during mid-day trading on Friday, hitting $41.30. The company’s stock had a trading volume of 2,309,645 shares, compared to its average volume of 1,069,276. The firm has a market capitalization of $6.02 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.86 and a beta of 1.69. East West Bancorp, Inc. has a 1 year low of $37.69 and a 1 year high of $56.09. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $43.24 and its two-hundred day moving average is $45.58.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.03). The business had revenue of $421.28 million during the quarter, compared to analysts’ expectations of $418.32 million. East West Bancorp had a return on equity of 14.90% and a net margin of 31.98%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. On average, equities analysts expect that East West Bancorp, Inc. will post 4.8 EPS for the current fiscal year.

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 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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