ETRADE Capital Management LLC acquired a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,486 shares of the financial services provider’s stock, valued at approximately $268,000.

A number of other large investors have also made changes to their positions in the business. Teachers Retirement System of The State of Kentucky grew its stake in East West Bancorp by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 58,778 shares of the financial services provider’s stock valued at $3,514,000 after purchasing an additional 2,500 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of East West Bancorp by 25.0% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 5,046 shares of the financial services provider’s stock valued at $302,000 after buying an additional 1,008 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of East West Bancorp by 6.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,924 shares of the financial services provider’s stock valued at $1,490,000 after buying an additional 1,408 shares during the last quarter. Assetmark Inc. lifted its position in shares of East West Bancorp by 40,821.7% during the 3rd quarter. Assetmark Inc. now owns 130,131 shares of the financial services provider’s stock valued at $7,779,000 after buying an additional 129,813 shares during the last quarter. Finally, Rothschild Asset Management Inc. lifted its position in shares of East West Bancorp by 10.2% during the 3rd quarter. Rothschild Asset Management Inc. now owns 458,847 shares of the financial services provider’s stock valued at $27,430,000 after buying an additional 42,585 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

A number of brokerages have recently commented on EWBC. SunTrust Banks reaffirmed a “buy” rating and set a $68.00 price target on shares of East West Bancorp in a research report on Wednesday, November 29th. Zacks Investment Research cut East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $57.00 price target on shares of East West Bancorp in a research report on Tuesday, September 26th. BMO Capital Markets reaffirmed a “hold” rating and set a $61.00 price target on shares of East West Bancorp in a research report on Thursday, October 5th. Finally, Barclays set a $66.00 price target on East West Bancorp and gave the company a “buy” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $64.90.

Shares of East West Bancorp, Inc. (NASDAQ EWBC) opened at $62.18 on Tuesday. The stock has a market capitalization of $8,864.82, a PE ratio of 18.36, a P/E/G ratio of 1.67 and a beta of 1.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. East West Bancorp, Inc. has a 1-year low of $48.07 and a 1-year high of $63.92.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $348.97 million for the quarter, compared to analysts’ expectations of $349.28 million. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. analysts expect that East West Bancorp, Inc. will post 3.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. East West Bancorp’s dividend payout ratio (DPR) is 21.98%.

In related news, Director Rudolph Estrada sold 1,916 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $55.97, for a total transaction of $107,238.52. Following the sale, the director now owns 15,475 shares of the company’s stock, valued at approximately $866,135.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack C. Liu sold 2,200 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $58.07, for a total value of $127,754.00. Following the completion of the transaction, the director now owns 23,599 shares in the company, valued at $1,370,393.93. The disclosure for this sale can be found here. Insiders have sold a total of 14,116 shares of company stock worth $844,993 in the last three months. 0.88% of the stock is currently owned by insiders.

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East West Bancorp Profile

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

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

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