Ameritas Investment Partners Inc. Purchases 738 Shares of East West Bancorp, Inc. (EWBC)

Ameritas Investment Partners Inc. boosted its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,237 shares of the financial services provider’s stock after buying an additional 738 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in East West Bancorp were worth $2,533,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in EWBC. BlackRock Inc. raised its position in East West Bancorp by 11,449.0% in the 1st quarter. BlackRock Inc. now owns 11,955,936 shares of the financial services provider’s stock valued at $617,046,000 after buying an additional 11,852,412 shares during the last quarter. Principal Financial Group Inc. raised its position in East West Bancorp by 128.7% in the 2nd quarter. Principal Financial Group Inc. now owns 2,951,316 shares of the financial services provider’s stock valued at $172,888,000 after buying an additional 1,660,844 shares during the last quarter. William Blair Investment Management LLC raised its position in East West Bancorp by 75.9% in the 2nd quarter. William Blair Investment Management LLC now owns 2,646,584 shares of the financial services provider’s stock valued at $155,037,000 after buying an additional 1,142,250 shares during the last quarter. State Street Corp raised its position in East West Bancorp by 16.5% in the 2nd quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock valued at $415,902,000 after buying an additional 1,004,860 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in East West Bancorp by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock valued at $745,971,000 after buying an additional 893,764 shares during the last quarter. 90.48% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Rudolph Estrada sold 1,916 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $55.97, for a total value of $107,238.52. Following the completion of the sale, the director now directly owns 15,475 shares of the company’s stock, valued at $866,135.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

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East West Bancorp, Inc. (EWBC) traded up 0.08% on Thursday, hitting $59.91. The company’s stock had a trading volume of 172,754 shares. East West Bancorp, Inc. has a 12 month low of $37.75 and a 12 month high of $60.74. The firm has a 50 day moving average of $56.96 and a 200-day moving average of $55.97. The stock has a market cap of $8.66 billion, a PE ratio of 17.11 and a beta of 1.46.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The firm had revenue of $337.49 million during the quarter, compared to the consensus estimate of $329.32 million. East West Bancorp had a return on equity of 13.31% and a net margin of 34.63%. During the same period in the prior year, the business posted $0.71 earnings per share. On average, analysts expect that East West Bancorp, Inc. will post $3.71 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised East West Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. BMO Capital Markets lowered East West Bancorp from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research report on Friday, July 7th. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 target price (up previously from $59.00) on shares of East West Bancorp in a research report on Thursday, July 6th. Piper Jaffray Companies set a $68.00 target price on East West Bancorp and gave the company a “buy” rating in a research report on Saturday, June 17th. Finally, BidaskClub raised East West Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $63.13.

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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