Institutional Investors Are Buying East West Bancorp Inc (NASDAQ:EWBC)

October 12, 2017 - By Stephen Andrade

 Institutional Investors Are Buying East West Bancorp Inc (NASDAQ:EWBC)

Sentiment for East West Bancorp Inc (NASDAQ:EWBC)

East West Bancorp Inc (NASDAQ:EWBC) institutional sentiment increased to 1.38 in 2017 Q2. Its up 0.27, from 1.11 in 2017Q1. The ratio has improved, as 197 institutional investors started new and increased holdings, while 143 sold and trimmed holdings in East West Bancorp Inc. The institutional investors in our partner’s database now own: 123.29 million shares, up from 120.43 million shares in 2017Q1. Also, the number of institutional investors holding East West Bancorp Inc in their top 10 holdings increased from 2 to 3 for an increase of 1. Sold All: 38 Reduced: 105 Increased: 126 New Position: 71.

East West Bancorp, Inc. is a bank holding company. The company has market cap of $8.66 billion. The Company’s principal business is to serve as a holding firm for East West Bank and other banking or banking-related subsidiaries. It has a 17.14 P/E ratio. The Bank is a California state-chartered bank, which operates in the United States and Greater China.

About 149,641 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since October 12, 2016 and is uptrending. It has outperformed by 29.55% the S&P500.

Analysts expect East West Bancorp, Inc. (NASDAQ:EWBC) to report $0.87 EPS on October, 18.They anticipate $0.11 EPS change or 14.47 % from last quarter’s $0.76 EPS. EWBC’s profit would be $125.67 million giving it 17.23 P/E if the $0.87 EPS is correct. After having $0.81 EPS previously, East West Bancorp, Inc.’s analysts see 7.41 % EPS growth.

First Wilshire Securities Management Inc holds 3.35% of its portfolio in East West Bancorp, Inc. for 200,181 shares. Community Financial Services Group Llc owns 123,421 shares or 3.18% of their US portfolio. Moreover, Old West Investment Management Llc has 2.29% invested in the company for 73,132 shares. The Wisconsin-based Marietta Investment Partners Llc has invested 2.09% in the stock. Evercore Wealth Management Llc, a New York-based fund reported 700,754 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $99,256 activity.

East West Bancorp, Inc. (NASDAQ:EWBC) Ratings Coverage

Ratings analysis reveals 55% of East West Bancorp Inc.’s analysts are positive. Out of 11 Wall Street analysts rating East West Bancorp Inc., 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $41 while the high is $68. The stock’s average target of $52 is -13.25% below today’s ($59.94) share price. EWBC was included in 28 notes of analysts from August 26, 2015. The stock has “Hold” rating by BMO Capital Markets on Tuesday, October 3. The rating was maintained by Keefe Bruyette & Woods on Friday, June 23 with “Hold”. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Mkt Perform” rating given on Monday, October 5 by Raymond James. Deutsche Bank downgraded the shares of EWBC in report on Friday, July 14 to “Hold” rating. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Outperform” rating by BMO Capital Markets on Thursday, January 14. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, July 24 report. Keefe Bruyette & Woods maintained East West Bancorp, Inc. (NASDAQ:EWBC) rating on Tuesday, October 3. Keefe Bruyette & Woods has “Hold” rating and $56.0 target. As per Thursday, October 5, the company rating was upgraded by Raymond James. BMO Capital Markets downgraded the stock to “Market Perform” rating in Friday, July 7 report. The company was maintained on Monday, September 25 by Keefe Bruyette & Woods.

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