Raymond James Trust N.A. grew its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,343 shares of the financial services provider’s stock after purchasing an additional 171 shares during the quarter. Raymond James Trust N.A.’s holdings in East West Bancorp were worth $313,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of East West Bancorp by 11,449.0% during the 1st quarter. BlackRock Inc. now owns 11,955,936 shares of the financial services provider’s stock valued at $617,046,000 after purchasing an additional 11,852,412 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of East West Bancorp by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 11,840,450 shares of the financial services provider’s stock valued at $611,085,000 after purchasing an additional 566,257 shares in the last quarter. Boston Partners increased its holdings in shares of East West Bancorp by 14.4% during the 2nd quarter. Boston Partners now owns 6,568,832 shares of the financial services provider’s stock valued at $384,802,000 after purchasing an additional 828,887 shares in the last quarter. State Street Corp increased its holdings in shares of East West Bancorp by 3.4% during the 1st quarter. State Street Corp now owns 6,094,888 shares of the financial services provider’s stock valued at $314,556,000 after purchasing an additional 199,996 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of East West Bancorp by 1.1% during the 1st quarter. Macquarie Group Ltd. now owns 4,038,781 shares of the financial services provider’s stock valued at $208,441,000 after purchasing an additional 45,604 shares in the last quarter. 90.48% of the stock is owned by hedge funds and other institutional investors.

Shares of East West Bancorp, Inc. (EWBC) opened at 55.95 on Tuesday. The firm has a market cap of $8.08 billion, a PE ratio of 15.98 and a beta of 1.43. The company has a 50-day moving average of $55.81 and a 200-day moving average of $55.36. East West Bancorp, Inc. has a 1-year low of $35.53 and a 1-year high of $60.42.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. The firm had revenue of $337.49 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $0.71 earnings per share. Analysts predict that East West Bancorp, Inc. will post $3.74 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub lowered shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies set a $68.00 target price on shares of East West Bancorp and gave the company a “buy” rating in a report on Saturday, June 17th. Finally, Morgan Stanley lifted their target price on shares of East West Bancorp from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $62.88.

East West Bancorp Company 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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