East West Bancorp, Inc. (EWBC) Stake Raised by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System grew its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 0.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,800 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in East West Bancorp were worth $1,861,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of EWBC. BlackRock Inc. lifted its position in East West Bancorp by 3.2% during the 4th quarter. BlackRock Inc. now owns 15,420,771 shares of the financial services provider’s stock worth $671,264,000 after buying an additional 483,132 shares in the last quarter. Vanguard Group Inc. lifted its position 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 worth $802,751,000 after buying an additional 187,861 shares in the last quarter. Vanguard Group Inc lifted its position 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 worth $802,751,000 after buying an additional 187,861 shares in the last quarter. Macquarie Group Ltd. lifted its position in East West Bancorp by 3.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,584,601 shares of the financial services provider’s stock worth $156,037,000 after buying an additional 119,282 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in East West Bancorp by 4,203.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,209,902 shares of the financial services provider’s stock worth $74,000 after buying an additional 3,135,320 shares in the last quarter. Institutional investors own 88.58% of the company’s stock.

East West Bancorp stock opened at $51.96 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01. East West Bancorp, Inc. has a 1 year low of $40.05 and a 1 year high of $73.98. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. East West Bancorp had a net margin of 37.78% and a return on equity of 16.26%. The company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $408.61 million. During the same period in the prior year, the company posted $0.87 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that East West Bancorp, Inc. will post 5.09 earnings per share for the current year.

Several research analysts recently issued reports on EWBC shares. BidaskClub upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. ValuEngine upgraded shares of East West Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. TheStreet downgraded shares of East West Bancorp from a “b” rating to a “c+” rating in a research report on Friday, December 21st. Finally, Barclays restated a “buy” rating and set a $69.00 target price on shares of East West Bancorp in a research report on Friday, January 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $66.70.

In other news, Director Rudolph Estrada sold 1,902 shares of the company’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $52.64, for a total value of $100,121.28. Following the completion of the sale, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack C. Liu sold 2,108 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $55.20, for a total value of $116,361.60. Following the completion of the sale, the director now directly owns 18,857 shares of the company’s stock, valued at $1,040,906.40. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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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 businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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

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