6,000 Shares in East West Bancorp, Inc. (NASDAQ:EWBC) Purchased by Brasada Capital Management LP

Brasada Capital Management LP bought a new position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,000 shares of the financial services provider’s stock, valued at approximately $292,000.

A number of other institutional investors have also bought and sold shares of the stock. Boston Trust Walden Corp grew its position in East West Bancorp by 8.7% during the fourth quarter. Boston Trust Walden Corp now owns 358,556 shares of the financial services provider’s stock worth $17,462,000 after buying an additional 28,746 shares in the last quarter. Millennium Management LLC lifted its stake in East West Bancorp by 622.3% during the third quarter. Millennium Management LLC now owns 662,921 shares of the financial services provider’s stock worth $29,360,000 after purchasing an additional 571,145 shares during the last quarter. Barclays PLC lifted its stake in East West Bancorp by 5.7% during the third quarter. Barclays PLC now owns 114,775 shares of the financial services provider’s stock worth $5,083,000 after purchasing an additional 6,223 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in East West Bancorp by 312.1% during the third quarter. Point72 Asset Management L.P. now owns 35,059 shares of the financial services provider’s stock worth $1,553,000 after purchasing an additional 26,552 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in East West Bancorp by 6.5% during the third quarter. Parametric Portfolio Associates LLC now owns 289,178 shares of the financial services provider’s stock worth $12,808,000 after purchasing an additional 17,552 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

In other news, Director Herman Y. Li sold 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $48.75, for a total value of $243,750.00. Following the completion of the sale, the director now owns 39,261 shares of the company’s stock, valued at approximately $1,913,973.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Several equities research analysts have issued reports on the company. ValuEngine raised East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Zacks Investment Research raised East West Bancorp from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a research note on Friday, October 4th. BidaskClub lowered East West Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. SunTrust Banks dropped their price target on East West Bancorp from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Wedbush dropped their price target on East West Bancorp from $55.00 to $51.00 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, five have issued a hold rating and four have given a buy rating to the company’s stock. East West Bancorp presently has a consensus rating of “Hold” and an average target price of $50.71.

NASDAQ EWBC opened at $47.64 on Wednesday. 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 1.01 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $47.69 and a 200-day moving average of $44.86. The firm has a market cap of $6.89 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.70.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.03). East West Bancorp had a net margin of 31.98% and a return on equity of 14.90%. The company had revenue of $421.28 million during the quarter, compared to the consensus estimate of $418.32 million. During the same period last year, the firm posted $1.17 EPS. The company’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that East West Bancorp, Inc. will post 4.74 earnings per share for the current fiscal year.

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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