East West Bancorp, Inc. (NASDAQ:EWBC).
Fisher Asset Management, LLC reports that it lowered its investment in East West Bancorp, Inc. stock by 167,010 shares in a 13F filing with the SEC. Its investment stood at $150,075,000 an increase of $9,237,000 according to the filing.
Here are a few other firms who have updated their positions. Clinton Group Inc reduced its ownership by shedding 3,504 shares a decrease of 10.8% in the quarter. Clinton Group Inc controls 29,056 shares valued at $1,499,000. The value of the position overall is up by 34.7%. Bank Of Montreal /can/ cut its stake by selling 250 shares a decrease of 6.4%. Bank Of Montreal /can/ claims 3,652 shares with a value of $214,000. The total value of its holdings increased 6.5%.
Capstone Asset Management Co augmented its position by buying 900 shares an increase of 8.3% as of 06/30/2017. Capstone Asset Management Co owns 11,704 shares worth $686,000. The value of the position overall is up by 22.9%.
On July 7 the stock rating was downgraded from “Market Perform” to “Outperform” with a current price target of $68.00 by analysts at BMO Capital. Equity analyst BMO Capital both downgraded the stock and raised the price target on July 7 boosting the price target from $44.00 to $68.00 and altering the rating from “Market Perform” to “Outperform”.
On June 28, 2017 Wedbush initiated coverage on EWBC with an initial rating of “Outperform”. December 6 investment analysts at Barclays left the company rating at “Overweight” and raised the price target from $45.00 to $56.00.
On October 11 Barclays held the stock rating at “Overweight” but lowered the price expectation to $45.00 from $50.00. On October 11 Deutsche Bank made no change to the company rating of “Overweight” but raised the price target from $41.00 to $45.00.
The company is now down by -0.29 percent from yesterday’s close. East West Bancorp, Inc. announced a dividend for shareholders which was paid on Monday May 15th, 2017. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. The dividend yield was $1.37. The ex-dividend date was set for Thursday the 27th of April 2017.
Company shares last traded at $58.26 just a bit higher than $56.22, the stock’s 50 day moving average and just above the 200 day moving average of $53.40. The 50 day moving average was up $2.04 whereas the 200 day moving average was up $4.86 or +9.10%.
The P/E ratio is currently 17.18 and market capitalization is 8.42B. In the last earnings report the EPS was $3.39 and is expected to be $3.70 for the current year with 144,462,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.85 with next year’s EPS anticipated to be $3.80.
Traders are feeling more bearish on East West Bancorp, Inc. recently as inferred by the motion in short interest. The stock experienced a rise in short interest of 47.79% as of the latest report on May 15, 2017. Short shares increased from 1,508,957 to 2,230,032 over that timeframe. With short interest at 2,230,032 and short average daily volume at 1,783,953, the short-interest ratio is 1.3 and the percentage of shorted shares was 0.02% on May 15.