First Republic Investment Management Inc. Has $26.40 Million Stake in East West Bancorp (EWBC)

First Republic Investment Management Inc. lifted its position in shares of East West Bancorp (NASDAQ:EWBC) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 422,160 shares of the financial services provider’s stock after purchasing an additional 14,281 shares during the period. First Republic Investment Management Inc. owned 0.29% of East West Bancorp worth $26,402,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State of Tennessee Treasury Department boosted its holdings in shares of East West Bancorp by 9.6% during the fourth quarter. State of Tennessee Treasury Department now owns 228,900 shares of the financial services provider’s stock worth $13,924,000 after purchasing an additional 20,000 shares during the period. Toronto Dominion Bank boosted its holdings in shares of East West Bancorp by 39.5% during the fourth quarter. Toronto Dominion Bank now owns 8,515 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 2,413 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of East West Bancorp by 35.4% during the fourth quarter. OppenheimerFunds Inc. now owns 408,559 shares of the financial services provider’s stock worth $24,853,000 after purchasing an additional 106,799 shares during the period. US Bancorp DE boosted its holdings in shares of East West Bancorp by 62.2% during the fourth quarter. US Bancorp DE now owns 10,230 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 3,923 shares during the period. Finally, TIAA FSB boosted its holdings in shares of East West Bancorp by 30.6% during the fourth quarter. TIAA FSB now owns 63,361 shares of the financial services provider’s stock worth $3,854,000 after purchasing an additional 14,847 shares during the period. Institutional investors own 89.50% of the company’s stock.

In other East West Bancorp news, Director Molly Campbell sold 461 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $65.11, for a total transaction of $30,015.71. Following the completion of the transaction, the director now owns 5,448 shares of the company’s stock, valued at $354,719.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dominic Ng sold 5,771 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $67.23, for a total transaction of $387,984.33. Following the transaction, the chief executive officer now directly owns 539,871 shares of the company’s stock, valued at approximately $36,295,527.33. The disclosure for this sale can be found here. Insiders have sold 71,642 shares of company stock valued at $4,957,343 in the last ninety days. Insiders own 0.88% of the company’s stock.

A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. UBS assumed coverage on shares of East West Bancorp in a report on Thursday, March 22nd. They set a “buy” rating and a $77.00 target price for the company. Deutsche Bank increased their target price on shares of East West Bancorp from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, May 4th. Morgan Stanley raised their price objective on shares of East West Bancorp from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 24th. Finally, DA Davidson lowered their price objective on shares of East West Bancorp from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, April 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. East West Bancorp has an average rating of “Buy” and an average target price of $72.23.

Shares of EWBC opened at $70.42 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. East West Bancorp has a one year low of $52.86 and a one year high of $72.72. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.50 and a beta of 1.42.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, April 19th. The financial services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.13. East West Bancorp had a net margin of 32.46% and a return on equity of 14.15%. The business had revenue of $401.14 million during the quarter, compared to analyst estimates of $364.81 million. During the same period last year, the business posted $0.88 earnings per share. sell-side analysts predict that East West Bancorp will post 4.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Monday, April 30th. East West Bancorp’s dividend payout ratio is 23.12%.

East West Bancorp Company Profile

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

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