Alps Advisors Inc. Sells 6,253 Shares of East West Bancorp, Inc. (EWBC)

Alps Advisors Inc. trimmed its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,909 shares of the financial services provider’s stock after selling 6,253 shares during the period. Alps Advisors Inc.’s holdings in East West Bancorp were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Boston Partners boosted its holdings in shares of East West Bancorp by 3.2% in the 4th quarter. Boston Partners now owns 6,828,822 shares of the financial services provider’s stock valued at $415,397,000 after buying an additional 209,514 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of East West Bancorp by 4.2% in the 3rd quarter. Macquarie Group Ltd. now owns 4,440,696 shares of the financial services provider’s stock valued at $265,465,000 after buying an additional 178,496 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of East West Bancorp by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,395,572 shares of the financial services provider’s stock valued at $260,261,000 after buying an additional 62,345 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of East West Bancorp by 3.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 3,676,165 shares of the financial services provider’s stock valued at $215,350,000 after buying an additional 132,152 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of East West Bancorp by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 3,012,281 shares of the financial services provider’s stock valued at $180,074,000 after buying an additional 60,965 shares in the last quarter. Institutional investors own 91.39% of the company’s stock.

In other East West Bancorp news, insider Douglas Paul Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total transaction of $306,300.00. Following the completion of the transaction, the insider now directly owns 18,015 shares of the company’s stock, valued at approximately $1,103,598.90. The transaction 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 firm’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 transaction, the director now directly owns 23,599 shares of the company’s stock, valued at $1,370,393.93. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $704,434 over the last ninety days. 0.88% of the stock is currently owned by insiders.

East West Bancorp, Inc. (EWBC) opened at $64.18 on Monday. The company has a market cap of $9,280.00, a P/E ratio of 18.50, a P/E/G ratio of 1.39 and a beta of 1.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.00 and a quick ratio of 1.00. East West Bancorp, Inc. has a 1 year low of $48.07 and a 1 year high of $69.25.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.04). The company had revenue of $365.06 million during the quarter, compared to analysts’ expectations of $359.43 million. East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. research analysts anticipate that East West Bancorp, Inc. will post 4.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, February 2nd. East West Bancorp’s payout ratio is currently 23.05%.

A number of research firms have recently weighed in on EWBC. Morgan Stanley raised their price target on shares of East West Bancorp from $61.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Wells Fargo & Co restated an “outperform” rating and issued a $72.00 price target (up from $65.00) on shares of East West Bancorp in a report on Tuesday, January 9th. BidaskClub cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Barclays raised their price target on shares of East West Bancorp from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $79.00 price target on shares of East West Bancorp in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.50.

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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.

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

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