Moody Aldrich Partners LLC Buys Shares of 6,450 East West Bancorp, Inc. (NASDAQ:EWBC)

Moody Aldrich Partners LLC bought a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,450 shares of the financial services provider’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its holdings in East West Bancorp by 4,068.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 30,176 shares of the financial services provider’s stock valued at $26,000 after buying an additional 29,452 shares during the last quarter. Arden Trust Co acquired a new stake in shares of East West Bancorp during the 1st quarter worth approximately $38,000. Private Capital Group LLC grew its holdings in shares of East West Bancorp by 39.1% during the 1st quarter. Private Capital Group LLC now owns 2,160 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 607 shares in the last quarter. Smithfield Trust Co. grew its holdings in shares of East West Bancorp by 2,775.0% during the 1st quarter. Smithfield Trust Co. now owns 2,300 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,220 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of East West Bancorp during the 2nd quarter worth approximately $77,000. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

EWBC traded down $0.26 during trading on Friday, hitting $34.66. The company’s stock had a trading volume of 915,328 shares, compared to its average volume of 763,686. The firm’s 50 day moving average price is $35.47 and its two-hundred day moving average price is $36.73. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. East West Bancorp, Inc. has a 12 month low of $22.55 and a 12 month high of $51.88. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.94 and a beta of 2.03.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). East West Bancorp had a net margin of 29.90% and a return on equity of 12.18%. The business had revenue of $402.41 million during the quarter, compared to the consensus estimate of $390.87 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that East West Bancorp, Inc. will post 3.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Tuesday, August 4th will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.10 annualized dividend and a yield of 3.17%. East West Bancorp’s payout ratio is 22.73%.

EWBC has been the topic of several recent research reports. DA Davidson lifted their price objective on East West Bancorp from $33.00 to $37.00 in a report on Friday, June 19th. UBS Group lifted their price objective on East West Bancorp from $24.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Wells Fargo & Co reissued a “hold” rating and set a $33.00 price objective (up previously from $31.00) on shares of East West Bancorp in a report on Tuesday, July 7th. BidaskClub downgraded East West Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, BMO Capital Markets raised their target price on East West Bancorp from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. East West Bancorp has an average rating of “Hold” and a consensus price target of $63.78.

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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