BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,933 shares of the financial services provider’s stock after selling 18,806 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of East West Bancorp worth $4,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EWBC. Oregon Public Employees Retirement Fund raised its stake in shares of East West Bancorp by 4,203.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,209,902 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 3,135,320 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of East West Bancorp by 306.3% in the 3rd quarter. Federated Investors Inc. PA now owns 1,354,817 shares of the financial services provider’s stock valued at $81,791,000 after acquiring an additional 1,021,359 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of East West Bancorp by 24.0% in the 4th quarter. Handelsbanken Fonder AB now owns 2,666,336 shares of the financial services provider’s stock valued at $116,066,000 after acquiring an additional 516,920 shares in the last quarter. BlackRock Inc. raised its stake in shares of East West Bancorp by 3.2% in the 4th quarter. BlackRock Inc. now owns 15,420,771 shares of the financial services provider’s stock valued at $671,264,000 after acquiring an additional 483,132 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of East West Bancorp by 2,245.0% in the 3rd quarter. Marshall Wace LLP now owns 201,644 shares of the financial services provider’s stock valued at $12,173,000 after acquiring an additional 193,045 shares in the last quarter. 88.04% of the stock is owned by institutional investors.

In other news, Director Rudolph Estrada sold 1,902 shares of East West Bancorp stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $52.64, for a total transaction of $100,121.28. Following the sale, the director now owns 15,089 shares of the company’s stock, valued at approximately $794,284.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack C. Liu sold 2,108 shares of East West Bancorp stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $55.20, for a total value of $116,361.60. Following the sale, the director now directly owns 18,857 shares in the company, valued at approximately $1,040,906.40. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

A number of brokerages recently weighed in on EWBC. BidaskClub downgraded East West Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Wedbush raised their price objective on East West Bancorp from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. TheStreet raised East West Bancorp from a “c+” rating to a “b” rating in a research note on Thursday, February 7th. ValuEngine downgraded East West Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 13th. Finally, Zacks Investment Research downgraded East West Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. East West Bancorp presently has an average rating of “Buy” and an average target price of $67.64.

EWBC opened at $52.74 on Friday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. East West Bancorp, Inc. has a 12-month low of $40.05 and a 12-month high of $73.98.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. The firm had revenue of $411.11 million for the quarter, compared to analyst estimates of $408.61 million. East West Bancorp had a return on equity of 16.26% and a net margin of 37.78%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. Research analysts expect that East West Bancorp, Inc. will post 5.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Monday, February 4th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 1st. East West Bancorp’s dividend payout ratio (DPR) is currently 19.74%.

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About East West Bancorp

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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

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