Barings LLC Sells 5,900 Shares of East West Bancorp, Inc. (EWBC)

Barings LLC lowered its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,200 shares of the financial services provider’s stock after selling 5,900 shares during the period. Barings LLC’s holdings in East West Bancorp were worth $1,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EWBC. BlackRock Inc. lifted its stake in East West Bancorp by 11.5% in the second quarter. BlackRock Inc. now owns 13,329,464 shares of the financial services provider’s stock worth $780,841,000 after purchasing an additional 1,373,528 shares during the last quarter. Vanguard Group Inc. lifted its stake in East West Bancorp by 7.5% in the second quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock worth $745,971,000 after purchasing an additional 893,764 shares during the last quarter. State Street Corp lifted its stake in East West Bancorp by 16.5% in the second quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock worth $415,902,000 after purchasing an additional 1,004,860 shares during the last quarter. Boston Partners lifted its stake in East West Bancorp by 0.8% in the third quarter. Boston Partners now owns 6,619,308 shares of the financial services provider’s stock worth $395,702,000 after purchasing an additional 50,476 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in East West Bancorp by 4.2% in the third quarter. Macquarie Group Ltd. now owns 4,440,696 shares of the financial services provider’s stock worth $265,465,000 after purchasing an additional 178,496 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.90.

In related news, Director Herman Y. Li sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the director now owns 40,130 shares of the company’s stock, valued at $2,447,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack C. Liu sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $58.07, for a total transaction of $127,754.00. Following the completion of the transaction, the director now directly owns 23,599 shares of the company’s stock, valued at approximately $1,370,393.93. The disclosure for this sale can be found here. Insiders sold 14,116 shares of company stock valued at $844,993 in the last three months. 0.88% of the stock is currently owned by insiders.

Shares of East West Bancorp, Inc. (EWBC) opened at $61.33 on Friday. 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 12 month low of $48.07 and a 12 month high of $62.76. The firm has a market cap of $8,864.82, a P/E ratio of 18.36, a PEG ratio of 1.67 and a beta of 1.47.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Tuesday, October 31st. East West Bancorp’s dividend payout ratio (DPR) is 21.98%.

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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.

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

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