Ramsey Quantitative Systems adds East West Bancorp (EWBC) to its portfolio

East West Bancorp (EWBC) : Ramsey Quantitative Systems added new position in East West Bancorp during the most recent quarter end. The investment management firm now holds 21,719 shares of East West Bancorp which is valued at $1,015,798 , the company said in a statement filed on Nov 14, 2016 with the SEC.East West Bancorp makes up approximately 1.07% of Ramsey Quantitative Systems’s portfolio.

Other Hedge Funds, Including , Balyasny Asset Management reduced its stake in EWBC by selling 221,543 shares or 34.86% in the most recent quarter. The Hedge Fund company now holds 413,956 shares of EWBC which is valued at $19,360,722. East West Bancorp makes up approx 0.12% of Balyasny Asset Management’s portfolio.Emerald Acquisition Ltd. boosted its stake in EWBC in the latest quarter, The investment management firm added 19,052 additional shares and now holds a total of 236,610 shares of East West Bancorp which is valued at $9,885,566. East West Bancorp makes up approx 0.02% of Emerald Acquisition Ltd.’s portfolio.Parsons Capital Management Incri boosted its stake in EWBC in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 41,050 shares of East West Bancorp which is valued at $1,586,583. East West Bancorp makes up approx 0.22% of Parsons Capital Management Incri’s portfolio.

East West Bancorp closed down -0.01 points or -0.02% at $46.71 with 9,62,234 shares getting traded on Monday. Post opening the session at $46.73, the shares hit an intraday low of $46.45 and an intraday high of $46.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, East West Bancorp reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.69. The company had revenue of $303.40 million for the quarter, compared to analysts expectations of $294.65 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

East West Bancorp Inc. (East West) is a bank holding company. East West’s 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 Bank’s 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.

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