5,100 Shares in East West Bancorp, Inc. (EWBC) Acquired by Tredje AP fonden

Tredje AP fonden acquired a new stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,100 shares of the financial services provider’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group boosted its position in East West Bancorp by 0.8% during the 2nd quarter. Schroder Investment Management Group now owns 479,121 shares of the financial services provider’s stock worth $28,009,000 after purchasing an additional 3,799 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in East West Bancorp by 3.4% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 16,613 shares of the financial services provider’s stock worth $973,000 after purchasing an additional 548 shares during the period. Meiji Yasuda Life Insurance Co purchased a new stake in East West Bancorp during the 2nd quarter worth $415,000. Synovus Financial Corp boosted its position in East West Bancorp by 2.1% during the 2nd quarter. Synovus Financial Corp now owns 7,702 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 159 shares during the period. Finally, Bradley Foster & Sargent Inc. CT boosted its position in East West Bancorp by 4.5% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 21,354 shares of the financial services provider’s stock worth $1,251,000 after purchasing an additional 927 shares during the period. 91.34% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. BMO Capital Markets cut shares of East West Bancorp from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a research report on Friday, July 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target (up from $59.00) on shares of East West Bancorp in a research report on Thursday, July 6th. Piper Jaffray Companies set a $68.00 price target on shares of East West Bancorp and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Deutsche Bank AG cut shares of East West Bancorp from a “buy” rating to a “hold” rating and set a $61.00 price target for the company. in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $62.88.

East West Bancorp, Inc. (NASDAQ EWBC) opened at 55.97 on Friday. East West Bancorp, Inc. has a 52-week low of $35.53 and a 52-week high of $60.42. The firm has a 50-day moving average of $55.82 and a 200-day moving average of $55.35. The stock has a market capitalization of $8.09 billion, a PE ratio of 15.99 and a beta of 1.43.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. East West Bancorp had a net margin of 34.63% and a return on equity of 13.31%. The business had revenue of $337.49 million for the quarter, compared to analyst estimates of $329.32 million. During the same period last year, the business posted $0.71 EPS. On average, equities analysts expect that East West Bancorp, Inc. will post $3.74 EPS for the current year.

TRADEMARK VIOLATION WARNING: “5,100 Shares in East West Bancorp, Inc. (EWBC) Acquired by Tredje AP fonden” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2017/09/17/5100-shares-in-east-west-bancorp-inc-ewbc-acquired-by-tredje-ap-fonden.html.

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)

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

Latest News

Leave a Reply