Pacer Advisors Inc. increased its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,150 shares of the financial services provider’s stock after buying an additional 1,040 shares during the period. Pacer Advisors Inc.’s holdings in East West Bancorp were worth $556,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Walleye Trading LLC increased its position in shares of East West Bancorp by 1,877.9% in the second quarter. Walleye Trading LLC now owns 3,224 shares of the financial services provider’s stock valued at $110,000 after buying an additional 3,061 shares during the last quarter. Citizens Financial Group Inc RI increased its position in shares of East West Bancorp by 2.1% in the second quarter. Citizens Financial Group Inc RI now owns 3,585 shares of the financial services provider’s stock valued at $123,000 after buying an additional 73 shares during the last quarter. American National Bank increased its position in shares of East West Bancorp by 51.2% in the third quarter. American National Bank now owns 3,693 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,250 shares during the last quarter. Advisor Group Inc. bought a new position in shares of East West Bancorp during the second quarter valued at $139,000. Finally, Investment Counselors of Maryland LLC increased its position in shares of East West Bancorp by 6.7% in the third quarter. Investment Counselors of Maryland LLC now owns 4,756 shares of the financial services provider’s stock valued at $175,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 85.48% of the company’s stock.

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

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) traded up 1.71% on Friday, reaching $51.20. The company’s stock had a trading volume of 492,186 shares. East West Bancorp, Inc. has a 12-month low of $27.25 and a 12-month high of $52.40. The firm has a 50 day moving average price of $49.53 and a 200-day moving average price of $39.80. The stock has a market cap of $7.38 billion, a PE ratio of 18.03 and a beta of 1.32.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm earned $303.40 million during the quarter, compared to analysts’ expectations of $258.29 million. East West Bancorp had a return on equity of 12.69% and a net margin of 32.13%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. Equities research analysts expect that East West Bancorp, Inc. will post $2.92 EPS for the current year.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded East West Bancorp from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, November 15th. Deutsche Bank AG lifted their price objective on East West Bancorp from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, Barclays PLC lifted their price objective on East West Bancorp from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $47.20.

In related news, insider Wendy H. Cai-Lee sold 1,782 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $50.41, for a total transaction of $89,830.62. Following the completion of the sale, the insider now directly owns 42,007 shares in the company, valued at approximately $2,117,572.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack C. Liu sold 1,547 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $40.00, for a total value of $61,880.00. Following the sale, the director now owns 27,459 shares of the company’s stock, valued at $1,098,360. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

East West Bancorp Company Profile

East West Bancorp, Inc (East West) 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 operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network.

5 Day Chart for NASDAQ:EWBC

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