First Republic Investment Management Inc. Decreases Holdings in East West Bancorp, Inc. (EWBC)

First Republic Investment Management Inc. trimmed its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,879 shares of the financial services provider’s stock after selling 3,694 shares during the quarter. First Republic Investment Management Inc. owned 0.28% of East West Bancorp worth $24,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Community Financial Services Group LLC lifted its position in shares of East West Bancorp by 0.7% during the 3rd quarter. Community Financial Services Group LLC now owns 124,294 shares of the financial services provider’s stock valued at $7,430,000 after acquiring an additional 873 shares during the period. Advisors Asset Management Inc. lifted its position in shares of East West Bancorp by 12.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 8,130 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 873 shares during the period. Stephens Inc. AR lifted its position in shares of East West Bancorp by 10.4% during the 3rd quarter. Stephens Inc. AR now owns 9,541 shares of the financial services provider’s stock valued at $570,000 after acquiring an additional 900 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of East West Bancorp by 0.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 312,925 shares of the financial services provider’s stock valued at $19,035,000 after acquiring an additional 915 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of East West Bancorp by 25.0% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 5,046 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 1,008 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $68.50, for a total transaction of $137,000.00. Following the completion of the sale, the director now directly owns 21,599 shares in the company, valued at approximately $1,479,531.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack C. Liu sold 2,200 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $58.07, for a total value of $127,754.00. Following the sale, the director now owns 23,599 shares of the company’s stock, valued at $1,370,393.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,200 shares of company stock valued at $704,434. 0.88% of the stock is owned by corporate insiders.

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) opened at $67.39 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. East West Bancorp, Inc. has a 1 year low of $48.07 and a 1 year high of $69.25. The firm has a market capitalization of $9,594.76, a price-to-earnings ratio of 19.48, a P/E/G ratio of 1.44 and a beta of 1.45.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. The business had revenue of $365.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. East West Bancorp’s quarterly revenue was up 13.5% compared to the same quarter last year. analysts predict that East West Bancorp, Inc. will post 4.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. East West Bancorp’s dividend payout ratio is currently 23.12%.

A number of analysts have recently weighed in on the company. BidaskClub upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Sandler O’Neill reiterated a “buy” rating and set a $69.00 target price on shares of East West Bancorp in a research report on Thursday, January 4th. Barclays upped their target price on East West Bancorp from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $72.00 target price (up from $65.00) on shares of East West Bancorp in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. East West Bancorp has a consensus rating of “Hold” and an average target price of $69.50.

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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.

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

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