Published: Sat, January 27, 2018
Business | By Kate Woods

East West Bancorp, Inc. (NASDAQ:EWBC) To Release Earnings


The company has market cap of $2.55 billion. Barclays Capital has "Equal Weight" rating and GBX 920 target. It has a 17.7 P/E ratio. It launches and manages equity and fixed income mutual funds. Cadence Cap Management Ltd Com invested 0.02% of its portfolio in East West Bancorp, Inc. Ferguson Wellman Capital Management Inc sold 6,532 shares as East West Bancorp Inc (EWBC)'s stock rose 1.19%. The institutional investors in our partner's database now hold: 5.60 million shares, up from 5.53 million shares in 2017Q2. Us Financial Bank De has 0.01% invested in Great Western Bancorp, Inc. State Street Corp now owns 7,099,748 shares of the financial services provider's stock worth $415,902,000 after buying an additional 1,004,860 shares during the last quarter. About 627,579 shares traded.

On 4/21/2014 East West Bancorp announced a quarterly dividend of $0.18. (NASDAQ:GSBC) has risen 27.56% since January 26, 2017 and is uptrending. It has outperformed by 39.18% the S&P500. For the past 5 years, the company's revenue has grown 1.3%, while the company's earnings per share has grown 1.6%. (NYSE:GWB). Stieven Advsr Ltd Partnership accumulated 170,600 shares. Everest Reinsurance Hldgs (NYSE:RE) was reduced too. (NASDAQ EWBC) opened at $68.42 on Thursday.

Among 11 analysts covering Great Western (NYSE:GWB), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 28% are positive. East West Bancorp Inc. had 41 analyst reports since August 26, 2015 according to SRatingsIntel. Stephens maintained the shares of GWB in report on Friday, July 28 with "Buy" rating. BMO Capital Markets maintained it with "Hold" rating and $66.0 target in Monday, December 18 report. BMO Capital Markets reissued a "hold" rating and set a $61.00 price objective on shares of East West Bancorp in a report on Thursday, October 5th. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. sell-side analysts anticipate that East West Bancorp, Inc. will post 3.49 EPS for the current fiscal year. (NYSE:GWB) news were published by: Streetinsider.com which released: "Form 8-K Great Western Bancorp, For: Jan 25" on January 25, 2018, also Businesswire.com published article titled: "Great Western Bancorp, Inc". The legal version of this news story can be accessed at https://stocknewstimes.com/2018/01/26/east-west-bancorp-ewbc-receives-hold-rating-from-bmo-capital-markets.html. Toronto Dominion Bank acquired a new position in East West Bancorp during the second quarter valued at $104,000. (NYSE:GWB) earned "Buy" rating by Deutsche Bank on Friday, October 30. FBR Capital initiated Great Western Bancorp, Inc. (NASDAQ:EWBC) earned "Outperform" rating by Macquarie Research on Friday, July 22.

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Since September 18, 2017, it had 0 insider buys, and 3 selling transactions for $1.02 million activity. $107,239 worth of East West Bancorp, Inc. (NASDAQ:EWBC) was sold by LI HERMAN Y. On Tuesday, December 19 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". (NASDAQ:EWBC) was sold by Estrada Rudolph on Monday, September 18.

Spectrum Capital Trust I (NYSE:GWB) institutional sentiment increased to 1.24 in Q3 2017. (NYSE:GWB) tinted gains of +1.54% (+0.68 points) to US$44.76. It is negative, as 31 investors sold East West Bancorp, Inc. shares while 116 reduced holdings. Bbva Compass Bancorp reported 0.04% in Cabot Corporation (NYSE:CBT). 9,256 are owned by Koch Indus Inc. Basswood Capital Management Lc holds 0.1% or 37,989 shares in its portfolio.

Want to see what other hedge funds are holding EWBC? The tax bill lowered the corporate tax rate to 21 percent and will take full effect for businesses this year depending on when their fiscal years conclude. East West Bancorp has a fifty-two week low of $48.07 and a fifty-two week high of $69.25. Morgan Stanley has 0.01% invested in East West Bancorp, Inc. East West Bancorp, Inc. (NASDAQ:EWBC) for 42,180 shares. While East West Bancorp has a good historical track record with positive growth and profitability, there's no certainty that this will extrapolate into the future. (NASDAQ:EWBC) for 5,500 shares. Finally, UBS Asset Management Americas Inc. lifted its position in shares of East West Bancorp by 293.6% in the 2nd quarter. Croft owns 402,814 shares or 8.64% of their USA portfolio. Following the sale, the insider now directly owns 18,015 shares of the company's stock, valued at $1,103,598.90. The Florida-based Aviance Capital Partners Llc has invested 0.27% in the stock. 124.37 million shares or 0.88% more from 123.29 million shares in 2017Q2 were reported.

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In related news, Director Jack C. Liu sold 2,200 shares of the firm's stock in a transaction dated Tuesday, November 28th. T. Rowe Price Group, Inc. It has underperformed by 16.70% the S&P500.

Since September 14, 2017, it had 0 buys, and 1 insider sale for $207,207 activity.

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