Nomura Asset Management Co. Ltd. Has $1.21 Million Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Nomura Asset Management Co. Ltd. increased its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,230 shares of the financial services provider’s stock after acquiring an additional 3,390 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in East West Bancorp were worth $1,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Berman Capital Advisors LLC grew its stake in East West Bancorp by 170.4% during the first quarter. Berman Capital Advisors LLC now owns 622 shares of the financial services provider’s stock worth $29,000 after buying an additional 392 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new stake in shares of East West Bancorp during the fourth quarter valued at approximately $30,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of East West Bancorp by 44.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 677 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 208 shares during the last quarter. Gemmer Asset Management LLC grew its stake in shares of East West Bancorp by 69.6% during the first quarter. Gemmer Asset Management LLC now owns 714 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 293 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in shares of East West Bancorp during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

EWBC traded up $0.60 during mid-day trading on Monday, hitting $47.37. The stock had a trading volume of 1,113,711 shares, compared to its average volume of 941,343. The business’s fifty day simple moving average is $45.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.01 and a beta of 1.62. East West Bancorp, Inc. has a 1-year low of $40.05 and a 1-year high of $68.09.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). East West Bancorp had a return on equity of 15.78% and a net margin of 35.42%. The company had revenue of $404.59 million for the quarter, compared to analyst estimates of $411.11 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. As a group, analysts forecast that East West Bancorp, Inc. will post 4.96 earnings per share for the current year.

EWBC has been the topic of several research analyst reports. ValuEngine raised shares of East West Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Wedbush reissued an “outperform” rating and set a $50.00 price target (down from $57.00) on shares of East West Bancorp in a research note on Monday, June 3rd. Zacks Investment Research raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. BidaskClub cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Morgan Stanley raised shares of East West Bancorp from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $59.00 to $57.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.38.

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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