East West Bancorp, Inc. (EWBC) Rating Lowered to Sell at BidaskClub

Paterniano Del Favero
Agosto 13, 2017

(NASDAQ:EWBC) by 35.9% during the second quarter, according to its most recent 13F filing with the SEC. Moreover, Hillcrest Asset Management Llc has 2.32% invested in the company for 271,927 shares. American International Group Inc. increased its position in Western New England Bancorp by 49.6% in the first quarter. Westfield Capital Management Co Lp now owns 563,695 shares worth $33,021,000. Victory Capital Management Inc. boosted its position in shares of East West Bancorp by 6,167.5% in the first quarter. Washington Trust Bank now owns 2,380 shares of the financial services provider's stock valued at $123,000 after buying an additional 86 shares during the period. BlackRock Inc. boosted its stake in East West Bancorp by 11.5% in the second quarter. American International Group Inc. now owns 13,691 shares of the financial services provider's stock worth $144,000 after buying an additional 4,540 shares during the period. Nationwide Fund Advisors increased its position in shares of Western New England Bancorp by 32.5% in the first quarter. Cadence Capital Management LLC now owns 5,799 shares of the financial services provider's stock valued at $299,000 after buying an additional 434 shares in the last quarter. Great Western Bancorp earned a coverage optimism score of 0.13 on Accern's scale.

Shares of East West Bancorp (EWBC) traded up 2.41% during midday trading on Monday, reaching $59.10. 312,669 shares of the company's stock were exchanged. East West Bancorp has a one year low of $34.02 and a one year high of $60.42.

It is now trading at $55.01 which is marginally under the 50 day moving average of $57.76 and a tad higher than the 200 day moving average of $54.90. The company has a market capitalization of $284.81 million, a PE ratio of 21.94 and a beta of 0.40. The financial services provider reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. East West Bancorp had a return on equity of 13.31% and a net margin of 34.63%. The company had revenue of $337.49 million for the quarter, compared to analyst estimates of $329.32 million. Out of 10 Wall Street analysts rating Great Western, 7 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". Analysts anticipate that East West Bancorp, Inc. will post $3.74 earnings per share for the current fiscal year. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.20 per share. This dividend represents a yeild of $1.40 which is the dividend as a percentage of the current share price. East West Bancorp's dividend payout ratio is 22.92%. Boston Partners now owns 5,739,945 shares of the financial services provider's stock valued at $296,238,000 after buying an additional 526,404 shares during the period. If you are reading this article on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright laws. The correct version of this article can be read at https://transcriptdaily.com/2017/08/12/east-west-bancorp-inc-ewbc-shares-bought-by-louisiana-state-employees-retirement-system-updated-updated-updated.html.

A number of equities analysts have weighed in on the company. Deutsche Bank AG lowered East West Bancorp from a "buy" rating to a "hold" rating and set a $61.00 price objective on the stock.in a report on Friday, July 14th. Zacks Investment Research raised Western New England Bancorp from a "hold" rating to a "buy" rating and set a $12.00 price target for the company in a research note on Thursday, May 4th. Morgan Stanley reissued an equal weight rating and issued a $60.00 price objective (up previously from $59.00) on shares of East West Bancorp in a research note on Thursday, July 6th. Westfield Capital Management Co Lp now holds 563,695 shares valued at $33,021,000. Finally, Piper Jaffray Companies reaffirmed a "buy" rating and issued a $11.50 price target on shares of Western New England Bancorp in a research note on Friday, July 28th. On June 28 analysts at Wedbush added EWBC to its research portfolio by announcing an initial rating of "Outperform". The stock's average target of $43 is 18.03% above today's ($36.43) share price.

Here are a few other firms who have updated their positions. The stock was sold at an average price of $10.21, for a total transaction of $1,657,726.23. Following the sale, the director now directly owns 23,669 shares of the company's stock, valued at $1,396,471.

The company is trading down since yesterday's close of $55.08. Alpine Woods Cap Ltd owns 0.05% invested in East West Bancorp, Inc. 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. It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products.

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