BB&T Securities LLC Has $3 Million Stake in East West Bancorp, Inc. (EWBC)


BB&T Securities LLC lifted its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,955 shares of the financial services provider’s stock after acquiring an additional 932 shares during the period. BB&T Securities LLC’s holdings in East West Bancorp were worth $2,999,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. increased its position in shares of East West Bancorp by 58.9% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 595,849 shares of the financial services provider’s stock worth $37,264,000 after acquiring an additional 220,891 shares in the last quarter. Signition LP increased its position in shares of East West Bancorp by 145.0% in the first quarter. Signition LP now owns 9,630 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 5,700 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new position in shares of East West Bancorp in the first quarter worth approximately $280,000. Asset Management One Co. Ltd. increased its position in shares of East West Bancorp by 6.0% in the first quarter. Asset Management One Co. Ltd. now owns 240,385 shares of the financial services provider’s stock worth $15,034,000 after acquiring an additional 13,520 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of East West Bancorp by 45.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,400 shares of the financial services provider’s stock worth $901,000 after acquiring an additional 4,500 shares in the last quarter. 89.72% of the stock is currently owned by institutional investors and hedge funds.


Get East West Bancorp alerts:

EWBC stock opened at $70.28 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. The company has a market cap of $10.34 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.50 and a beta of 1.41. East West Bancorp, Inc. has a 52 week low of $52.86 and a 52 week high of $73.98.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Thursday, April 19th. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.00 by $0.13. The business had revenue of $401.14 million during the quarter, compared to analysts’ expectations of $364.81 million. East West Bancorp had a net margin of 32.46% and a return on equity of 14.15%. During the same period last year, the company posted $0.88 earnings per share. analysts anticipate that East West Bancorp, Inc. will post 4.54 earnings per share for the current year.


The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, April 30th. East West Bancorp’s dividend payout ratio is currently 23.12%.

Several research analysts have recently weighed in on EWBC shares. ValuEngine downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. DA Davidson dropped their target price on shares of East West Bancorp from $75.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 24th. BidaskClub downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Deutsche Bank lifted their target price on shares of East West Bancorp from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, May 4th. Finally, Morgan Stanley lifted their target price on shares of East West Bancorp from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $72.23.


In other East West Bancorp news, Director Molly Campbell sold 550 shares of East West Bancorp stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $67.00, for a total value of $36,850.00. Following the completion of the sale, the director now directly owns 4,898 shares in the company, valued at $328,166. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack C. Liu sold 1,075 shares of East West Bancorp stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $65.98, for a total transaction of $70,928.50. Following the completion of the sale, the director now owns 20,524 shares of the company’s stock, valued at $1,354,173.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,578 shares of company stock valued at $8,179,557. 0.68% of the stock is currently owned by corporate insiders.


About East West Bancorp

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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

Leave a Reply

Your email address will not be published.