California Public Employees Retirement System Sells 14,590 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

California Public Employees Retirement System lessened its position in shares of East West Bancorp, Inc. (NASDAQ:EWBCGet Rating) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 301,878 shares of the financial services provider’s stock after selling 14,590 shares during the period. California Public Employees Retirement System owned approximately 0.21% of East West Bancorp worth $23,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC bought a new position in East West Bancorp in the 4th quarter valued at approximately $1,868,000. Fuller & Thaler Asset Management Inc. lifted its stake in East West Bancorp by 4.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 47,642 shares of the financial services provider’s stock valued at $3,748,000 after purchasing an additional 2,000 shares during the last quarter. Hanseatic Management Services Inc. increased its position in East West Bancorp by 2.8% in the 4th quarter. Hanseatic Management Services Inc. now owns 8,488 shares of the financial services provider’s stock valued at $668,000 after acquiring an additional 233 shares during the period. AlphaCrest Capital Management LLC increased its position in East West Bancorp by 143.4% in the 4th quarter. AlphaCrest Capital Management LLC now owns 22,887 shares of the financial services provider’s stock valued at $1,801,000 after acquiring an additional 13,484 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in East West Bancorp by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,532,444 shares of the financial services provider’s stock valued at $120,573,000 after acquiring an additional 29,862 shares during the period. 89.44% of the stock is owned by institutional investors.

EWBC opened at $71.14 on Friday. East West Bancorp, Inc. has a twelve month low of $65.87 and a twelve month high of $93.51. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $76.82 and a 200-day moving average of $80.90. The stock has a market cap of $10.12 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.00 and a beta of 1.55.

East West Bancorp (NASDAQ:EWBCGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The financial services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.14. East West Bancorp had a net margin of 46.15% and a return on equity of 15.90%. The company had revenue of $495.00 million during the quarter, compared to analysts’ expectations of $478.35 million. During the same period in the prior year, the company posted $1.44 earnings per share. East West Bancorp’s revenue for the quarter was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that East West Bancorp, Inc. will post 7.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, April 29th. East West Bancorp’s payout ratio is 25.32%.

Several equities analysts have issued reports on EWBC shares. Wells Fargo & Company upped their price target on shares of East West Bancorp from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. StockNews.com started coverage on shares of East West Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $95.00.

East West Bancorp Company Profile (Get Rating)

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. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits.

See Also

Want to see what other hedge funds are holding EWBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for East West Bancorp, Inc. (NASDAQ:EWBCGet Rating).

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

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.