GW Henssler & Associates Ltd. Has $463,000 Stock Position in East West Bancorp, Inc. (NASDAQ:EWBC)

GW Henssler & Associates Ltd. grew its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 15.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,900 shares of the financial services provider’s stock after purchasing an additional 1,358 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in East West Bancorp were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EWBC. William Blair Investment Management LLC lifted its stake in shares of East West Bancorp by 132.7% in the 1st quarter. William Blair Investment Management LLC now owns 3,757,889 shares of the financial services provider’s stock valued at $180,266,000 after purchasing an additional 2,142,829 shares during the period. Principal Financial Group Inc. raised its stake in East West Bancorp by 46.5% during the 1st quarter. Principal Financial Group Inc. now owns 3,159,327 shares of the financial services provider’s stock worth $151,555,000 after buying an additional 1,002,529 shares during the period. Handelsbanken Fonder AB raised its stake in East West Bancorp by 10.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,663,951 shares of the financial services provider’s stock worth $124,593,000 after buying an additional 246,578 shares during the period. Acadian Asset Management LLC raised its stake in East West Bancorp by 29,021.2% during the 1st quarter. Acadian Asset Management LLC now owns 223,942 shares of the financial services provider’s stock worth $10,746,000 after buying an additional 223,173 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in East West Bancorp by 45.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 708,453 shares of the financial services provider’s stock worth $33,984,000 after buying an additional 220,803 shares during the period. 88.10% of the stock is currently owned by institutional investors.

Several analysts recently commented on EWBC shares. Raymond James downgraded East West Bancorp from a “market perform” rating to an “underperform” rating in a research note on Monday, July 8th. Zacks Investment Research raised East West Bancorp from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research note on Friday, June 28th. BMO Capital Markets downgraded East West Bancorp from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $51.00 to $44.00 in a research note on Monday. Morgan Stanley raised East West Bancorp from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $59.00 to $57.00 in a research note on Monday, July 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective (down previously from $57.00) on shares of East West Bancorp in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. East West Bancorp currently has an average rating of “Hold” and an average price target of $57.33.



Shares of EWBC traded down $0.09 during midday trading on Thursday, hitting $40.10. The stock had a trading volume of 6,482 shares, compared to its average volume of 922,172. The company has a 50 day simple moving average of $44.65 and a two-hundred day simple moving average of $48.31. East West Bancorp, Inc. has a twelve month low of $38.24 and a twelve month high of $65.37. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.03.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.24. East West Bancorp had a return on equity of 15.42% and a net margin of 32.92%. The firm had revenue of $420.09 million for the quarter, compared to the consensus estimate of $416.35 million. During the same quarter last year, the business posted $1.18 EPS. Analysts forecast that East West Bancorp, Inc. will post 4.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, July 31st. East West Bancorp’s dividend payout ratio is 23.61%.

East West Bancorp 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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