Short Interest Report: Is East West Bancorp (NASDAQ:EWBC) a Buy? The Stock Reported more Sellers

December 1, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Report: Is East West Bancorp (NASDAQ:EWBC) a Buy? The Stock Reported more Sellers

The stock of East West Bancorp (NASDAQ:EWBC) registered an increase of 9.01% in short interest. EWBC’s total short interest was 1.18M shares in December as published by FINRA. Its up 9.01% from 1.08 million shares, reported previously. With 757,100 shares average volume, it will take short sellers 2 days to cover their EWBC’s short positions. The short interest to East West Bancorp’s float is 0.82%. About 880,222 shares traded hands. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 26.30% since April 28, 2016 and is uptrending. It has outperformed by 20.37% the S&P500.

East West Bancorp, Inc. is a bank holding company. The company has a market cap of $7.12 billion. The Company’s principal business is to serve as a holding firm for East West Bank (the Bank) and other banking or banking-related subsidiaries. It has a 17.12 P/E ratio. The Bank operates through three divisions: Retail Banking, Commercial Banking and Other.

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.19, from 1.04 in 2016Q1. The ratio worsened, as 30 funds sold all East West Bancorp, Inc. shares owned while 111 reduced positions. 33 funds bought stakes while 113 increased positions. They now own 119.53 million shares or 1.56% less from 121.43 million shares in 2016Q1.
Brc Invest Management Ltd Liability holds 436,723 shares or 2.59% of its portfolio. Weaver C Barksdale Assocs Inc last reported 133 shares in the company. Glenmede Communication Na holds 0.01% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 60,524 shares. Rafferty Asset Mgmt Ltd Llc last reported 15,922 shares in the company. Great Lakes Limited Liability has 0.08% invested in the company for 86,768 shares. The Texas-based Dimensional Fund L P has invested 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC). Kennedy Capital Inc, a Missouri-based fund reported 389,339 shares. Ncm Cap Advisers accumulated 254 shares or 0.03% of the stock. Lord Abbett Limited Liability Company owns 5.13 million shares or 0.55% of their US portfolio. Verition Fund Limited Company has invested 0.08% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Cullen Frost Bankers has 0.01% invested in the company for 10,078 shares. Picton Mahoney Asset Mngmt has 0.22% invested in the company for 106,100 shares. Gideon Capital Advisors accumulated 0.45% or 22,769 shares. Arizona State Retirement System has 0.03% invested in the company for 61,452 shares. The New York-based D E Shaw And has invested 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC).

Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 2 selling transactions for $161,851 net activity. Estrada Rudolph also sold $99,971 worth of East West Bancorp, Inc. (NASDAQ:EWBC) shares. LIU JACK C also sold $61,880 worth of East West Bancorp, Inc. (NASDAQ:EWBC) shares.

East West Bancorp, Inc. (NASDAQ:EWBC) Ratings Coverage

Out of 8 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. East West Bancorp Inc. has been the topic of 14 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by Raymond James given on Monday, October 5. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Market Perform” rating given on Thursday, April 28 by Keefe Bruyette & Woods. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Market Perform” rating by Wood on Thursday, April 28. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Outperform” rating by Macquarie Research on Friday, July 22. The firm earned “Buy” rating on Wednesday, February 24 by Deutsche Bank. As per Thursday, January 14, the company rating was upgraded by BMO Capital Markets. The firm has “Outperform” rating by Wells Fargo given on Friday, October 23.

EWBC Company Profile

East West Bancorp, Inc. (East West), incorporated on August 26, 1998, is a bank holding company. The Company’s principal business is to serve as a holding firm for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank operates through three divisions: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail activities through the Bank’s branch network. The Commercial Banking segment primarily generates commercial and industrial loans (C&I) and commercial real estate (CRE) loans through the domestic commercial lending offices located in California, New York, Texas, Washington, Massachusetts, Nevada and Georgia, and through the foreign commercial lending offices located in China and Hong Kong. Furthermore, the Commercial Banking segment also offers international finance and trade services and products. The remaining centralized functions, including the treasury activities of the Company are included in the Other segment.

More news for East West Bancorp, Inc. (NASDAQ:EWBC) were recently published by: Bizjournals.com, which released: “​East West Bancorp names new president and COO” on October 05, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Ally Financial, East West Bancorp and People’s United …” and published on October 26, 2016 is yet another important article.

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