East West Bancorp (EWBC) : Handelsbanken Fonder Ab scooped up 525,000 additional shares in East West Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 925,000 shares of East West Bancorp which is valued at $33,309,250.East West Bancorp makes up approximately 1.32% of Handelsbanken Fonder Ab’s portfolio.
Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc reduced its stake in EWBC by selling 27,301 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 702,074 shares of EWBC which is valued at $25,281,685. East West Bancorp makes up approx 1.03% of Ferguson Wellman Capital Management Inc’s portfolio.Fisher Asset Management boosted its stake in EWBC in the latest quarter, The investment management firm added 41,874 additional shares and now holds a total of 2,896,566 shares of East West Bancorp which is valued at $101,437,741. East West Bancorp makes up approx 0.19% of Fisher Asset Management’s portfolio.Washington Trust Bank boosted its stake in EWBC in the latest quarter, The investment management firm added 113 additional shares and now holds a total of 3,903 shares of East West Bancorp which is valued at $130,907. East West Bancorp makes up approx 0.03% of Washington Trust Bank’s portfolio.
East West Bancorp opened for trading at $35.79 and hit $36.14 on the upside on Monday, eventually ending the session at $36.01, with a gain of 0.31% or 0.11 points. The heightened volatility saw the trading volume jump to 8,05,560 shares. Company has a market cap of $5,189 M.
On the company’s financial health, East West Bancorp reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.67.Analysts expectations of $ 290.63.During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on East West Bancorp. East West Bancorp was Downgraded by Keefe Bruyette to ” Mkt Perform” on Apr 28, 2016. Company shares were Reiterated by Barclays on Apr 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .
East West Bancorp Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products including the traditional range of personal and business checking and savings accounts time deposits and individual retirement accounts travelers checks safe deposit boxes and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate construction trade finance and commercial business including accounts receivable small business administration (SBA) inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.