Nisa Investment Advisors LLC Maintains Stake in East West Bancorp, Inc. (NASDAQ:EWBC)

Nisa Investment Advisors LLC held its stake in East West Bancorp, Inc. (NASDAQ:EWBC) during the second quarter, according to its most recent filing with the SEC. The fund owned 70,300 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in East West Bancorp were worth $4,099,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Washington Trust Bank increased its stake in East West Bancorp by 3.7% in the first quarter. Washington Trust Bank now owns 2,380 shares of the financial services provider’s stock valued at $123,000 after buying an additional 86 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in East West Bancorp during the first quarter valued at $177,000. Quadrature Capital Ltd purchased a new stake in East West Bancorp during the fourth quarter valued at $221,000. Oppenheimer Asset Management Inc. bought a new position in shares of East West Bancorp during the first quarter valued at about $230,000. Finally, Smith Moore & CO. boosted its position in shares of East West Bancorp by 17.4% in the first quarter. Smith Moore & CO. now owns 4,840 shares of the financial services provider’s stock valued at $250,000 after buying an additional 719 shares during the period. 92.16% of the stock is owned by institutional investors and hedge funds.

East West Bancorp, Inc. (EWBC) traded down 0.33% during trading on Friday, reaching $54.52. The company’s stock had a trading volume of 511,225 shares. The firm has a 50 day moving average of $57.48 and a 200 day moving average of $55.07. East West Bancorp, Inc. has a 52 week low of $34.08 and a 52 week high of $60.42. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 15.57 and a beta of 1.41.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.81 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.81. East West Bancorp had a net margin of 34.63% and a return on equity of 13.31%. The business had revenue of $337.49 million for the quarter, compared to analyst estimates of $329.32 million. During the same quarter last year, the business earned $0.71 earnings per share. Analysts expect that East West Bancorp, Inc. will post $3.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a dividend of $0.20 per share. The ex-dividend date was Friday, July 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. East West Bancorp’s dividend payout ratio is presently 22.92%.

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EWBC has been the topic of several recent research reports. Piper Jaffray Companies set a $68.00 price target on East West Bancorp and gave the company a “buy” rating in a research report on Saturday, June 17th. BidaskClub upgraded East West Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded East West Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, June 6th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target (up previously from $59.00) on shares of East West Bancorp in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $57.00 price target on shares of East West Bancorp in a research report on Monday, May 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. East West Bancorp has a consensus rating of “Hold” and an average price target of $62.88.

In other East West Bancorp news, Director Jack C. Liu sold 1,123 shares of East West Bancorp stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $59.00, for a total value of $66,257.00. Following the transaction, the director now owns 23,669 shares in the company, valued at $1,396,471. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.88% of the stock is owned by company insiders.

About East West Bancorp

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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