Handelsinvest Investeringsforvaltning buys $6,430,602 stake in East West Bancorp (EWBC)

East West Bancorp (EWBC) : Handelsinvest Investeringsforvaltning scooped up 79,900 additional shares in East West Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 187,700 shares of East West Bancorp which is valued at $6,430,602.East West Bancorp makes up approximately 2.34% of Handelsinvest Investeringsforvaltning’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in EWBC by selling 3,019 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 64,239 shares of EWBC which is valued at $2,200,828. East West Bancorp makes up approx 0.06% of Oppenheimer Co Inc’s portfolio.Cable Hill Partners boosted its stake in EWBC in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 143 shares of East West Bancorp which is valued at $5,036.California Public Employees Retirement System boosted its stake in EWBC in the latest quarter, The investment management firm added 12,200 additional shares and now holds a total of 377,100 shares of East West Bancorp which is valued at $12,666,789. East West Bancorp makes up approx 0.02% of California Public Employees Retirement System’s portfolio. Smith Asset Management Group Lp added EWBC to its portfolio by purchasing 1,030 company shares during the most recent quarter which is valued at $35,659. Hartford Investment Management Co added EWBC to its portfolio by purchasing 44,033 company shares during the most recent quarter which is valued at $1,542,476. East West Bancorp makes up approx 0.03% of Hartford Investment Management Co’s portfolio.

East West Bancorp opened for trading at $34.14 and hit $34.75 on the upside on Monday, eventually ending the session at $34.61, with a gain of 1.56% or 0.53 points. The heightened volatility saw the trading volume jump to 7,24,671 shares. Company has a market cap of $4,987 M.

On the company’s financial health, East West Bancorp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.69.Analysts expectations of $ 294.15.During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on East West Bancorp. East West Bancorp was Upgraded by Macquarie to ” Outperform” on Jul 22, 2016.

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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