British Airways Pensions Investment Management Ltd Boosts Position in East West Bancorp, Inc. (EWBC)

British Airways Pensions Investment Management Ltd boosted its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 38.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 552,985 shares of the financial services provider’s stock after acquiring an additional 154,504 shares during the quarter. British Airways Pensions Investment Management Ltd owned 0.38% of East West Bancorp worth $33,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in East West Bancorp by 128.7% during the second quarter. Principal Financial Group Inc. now owns 2,951,316 shares of the financial services provider’s stock valued at $172,888,000 after purchasing an additional 1,660,844 shares during the period. BlackRock Inc. grew its holdings in East West Bancorp by 11.5% during the second quarter. BlackRock Inc. now owns 13,329,464 shares of the financial services provider’s stock valued at $780,841,000 after purchasing an additional 1,373,528 shares during the period. William Blair Investment Management LLC grew its holdings in East West Bancorp by 75.9% during the second quarter. William Blair Investment Management LLC now owns 2,646,584 shares of the financial services provider’s stock valued at $155,037,000 after purchasing an additional 1,142,250 shares during the period. State Street Corp grew its holdings in East West Bancorp by 16.5% during the second quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock valued at $415,902,000 after purchasing an additional 1,004,860 shares during the period. Finally, Vanguard Group Inc. grew its holdings in East West Bancorp by 7.5% during the second quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock valued at $745,971,000 after purchasing an additional 893,764 shares during the period. Institutional investors own 90.58% of the company’s stock.

Shares of East West Bancorp, Inc. (EWBC) traded up $0.17 during trading on Thursday, reaching $57.40. The company had a trading volume of 790,900 shares, compared to its average volume of 934,993. East West Bancorp, Inc. has a 52 week low of $45.52 and a 52 week high of $61.90. The company has a market capitalization of $8,272.19, a price-to-earnings ratio of 17.14, a PEG ratio of 1.56 and a beta of 1.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. The company had revenue of $348.97 million during the quarter, compared to analyst estimates of $349.28 million. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. sell-side analysts predict that East West Bancorp, Inc. will post 3.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, October 31st. East West Bancorp’s payout ratio is presently 21.98%.

Several research firms have issued reports on EWBC. Zacks Investment Research lowered East West Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Piper Jaffray Companies set a $74.00 price target on East West Bancorp and gave the company a “buy” rating in a report on Saturday, October 21st. BMO Capital Markets boosted their price target on East West Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Barclays PLC set a $66.00 price target on East West Bancorp and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $66.00 price objective (down previously from $68.00) on shares of East West Bancorp in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.60.

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In related news, Director Rudolph Estrada sold 1,916 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $55.97, for a total transaction of $107,238.52. Following the completion of the transaction, the director now directly owns 15,475 shares of the company’s stock, valued at $866,135.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Herman Y. Li sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the director now directly owns 40,130 shares of the company’s stock, valued at $2,447,930. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

East West Bancorp 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.

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

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