Signaturefd LLC Has $91,000 Stock Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Share on StockTwits

Signaturefd LLC boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 19.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952 shares of the financial services provider’s stock after buying an additional 315 shares during the period. Signaturefd LLC’s holdings in East West Bancorp were worth $91,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank boosted its stake in East West Bancorp by 30.4% during the first quarter. Toronto Dominion Bank now owns 27,639 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 6,437 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in East West Bancorp by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 74,893 shares of the financial services provider’s stock worth $3,503,000 after buying an additional 629 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in East West Bancorp by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 15,739 shares of the financial services provider’s stock worth $754,000 after buying an additional 220 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in East West Bancorp by 11.0% during the first quarter. First Republic Investment Management Inc. now owns 480,489 shares of the financial services provider’s stock worth $23,049,000 after buying an additional 47,503 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its stake in East West Bancorp by 1.5% during the first quarter. Mason Street Advisors LLC now owns 77,085 shares of the financial services provider’s stock worth $3,698,000 after buying an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 88.10% of the company’s stock.

A number of research firms have weighed in on EWBC. BidaskClub downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Wedbush reiterated an “outperform” rating and set a $50.00 price target (down previously from $57.00) on shares of East West Bancorp in a research note on Monday, June 3rd. Morgan Stanley upgraded shares of East West Bancorp from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $59.00 to $57.00 in a research note on Monday, July 1st. Zacks Investment Research upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating and set a $48.00 target price on the stock in a research note on Friday, June 28th. Finally, Raymond James upgraded shares of East West Bancorp from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $57.33.

In other news, CFO Irene H. Oh acquired 6,400 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of $39.10 per share, with a total value of $250,240.00. Following the acquisition, the chief financial officer now owns 59,589 shares of the company’s stock, valued at approximately $2,329,929.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul H. Irving acquired 1,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $38.69 per share, with a total value of $38,690.00. Following the completion of the acquisition, the director now directly owns 30,268 shares in the company, valued at approximately $1,171,068.92. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 38,052 shares of company stock worth $1,478,330. 0.61% of the stock is owned by corporate insiders.

Shares of NASDAQ:EWBC traded up $0.07 on Friday, hitting $42.25. The stock had a trading volume of 681,936 shares, compared to its average volume of 911,768. East West Bancorp, Inc. has a twelve month low of $37.69 and a twelve month high of $64.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $42.67 and its 200-day moving average price is $47.31. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.92 and a beta of 1.68.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $1.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.24. East West Bancorp had a net margin of 32.92% and a return on equity of 15.42%. The company had revenue of $420.09 million for the quarter, compared to the consensus estimate of $416.35 million. During the same quarter in the previous year, the company earned $1.18 EPS. As a group, sell-side analysts predict that East West Bancorp, Inc. will post 4.89 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.10 annualized dividend and a yield of 2.60%. East West Bancorp’s dividend payout ratio (DPR) is 23.61%.

East West Bancorp Company Profile

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 businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

Recommended Story: What is a Tariff?

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

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.