IFP Advisors Inc Has $32,000 Holdings in East West Bancorp, Inc. (EWBC)

IFP Advisors Inc lowered its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 36.5% in the 4th quarter, HoldingsChannel reports. The fund owned 741 shares of the financial services provider’s stock after selling 426 shares during the quarter. IFP Advisors Inc’s holdings in East West Bancorp were worth $32,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of East West Bancorp by 2.1% in the 3rd quarter. BlackRock Inc. now owns 14,937,639 shares of the financial services provider’s stock valued at $901,784,000 after acquiring an additional 305,805 shares in the last quarter. Vanguard Group Inc. increased its stake in East West Bancorp by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,297,189 shares of the financial services provider’s stock valued at $802,751,000 after purchasing an additional 187,861 shares in the last quarter. Vanguard Group Inc increased its stake in East West Bancorp by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 13,297,189 shares of the financial services provider’s stock valued at $802,751,000 after purchasing an additional 187,861 shares in the last quarter. Bank of New York Mellon Corp increased its stake in East West Bancorp by 15.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,771,173 shares of the financial services provider’s stock valued at $311,079,000 after purchasing an additional 627,329 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in East West Bancorp by 306.3% during 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 purchasing an additional 1,021,359 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

EWBC opened at $53.93 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.00 and a beta of 1.55. East West Bancorp, Inc. has a 1 year low of $40.05 and a 1 year high of $73.98.

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

The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Monday, February 4th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, February 1st. East West Bancorp’s dividend payout ratio (DPR) is currently 19.74%.

EWBC has been the subject of a number of recent research reports. BidaskClub upgraded shares of East West Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Morgan Stanley decreased their price target on shares of East West Bancorp from $67.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 11th. DA Davidson upgraded shares of East West Bancorp from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 27th. Barclays restated a “buy” rating and set a $69.00 price target on shares of East West Bancorp in a research note on Friday, January 11th. Finally, TheStreet lowered shares of East West Bancorp from a “b” rating to a “c+” rating in a research note on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $69.40.

In related news, Director Rudolph Estrada sold 1,902 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $52.64, for a total value of $100,121.28. Following the transaction, the director now directly 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 this link. 0.68% of the stock is currently owned by insiders.

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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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Want to see what other hedge funds are holding EWBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for East West Bancorp, Inc. (NASDAQ:EWBC).

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

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