Julia Gouw Insider Sell Transaction
A calculated and well-grounded act was made by the President of East West Bancorp, Inc. (NASDAQ:EWBC)
East West Bancorp Inc Stock Rating, Sentiment and Fundamentals
Julia Gouw’s decision to do this stock unloading could mean management’s worriment in the California-based company’s share price. In case East West Bancorp Inc makes $2.67 for share as expected by fifteen stock analysts, it will have 15.92 PE ratio. The analysts expect East West Bancorp Inc to grow at year over year rate of 9.00%.
|Rating & Sentiment|
|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||NEUTRAL|
* Read How Our Stock Ratings System Works
We too rate the stock a sell but not only due to Julia’s insider stock deal but rather because our own advanced trend system which is depicted below. The share price of East West Bancorp Inc is going down with no signs of trend change after 0.60 % move in the last 125 days.
Price Chart of East West Bancorp NASDAQ:EWBC Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
As legendary investors including Peter Lynch claimed, highest risk-adjusted returns are made through a mix of both fundamental as well as technical analysis.
Hedge Funds Ownership
Data gathered from 13F filings from SEC, reveal that 317 institutional players own shares of East West Bancorp Inc. The institutional ownership of this company in the last quarter is very high, at 84.24 % of the shares outstanding. Its down 0.29 % from Q1 2015. These hedge funds decreased the total shares they own by 354,798 to 121.23 million this quarter. There were 56 funds that created new positions and 123 funds that added to their positions. A total of 26 funds closed their positions in East West Bancorp Inc and 100 reduced their holdings.
In all 317 of them, four hold the stock in Top 10. Some of them are: First Wilshire Securities Management Inc, Pacific Global Investment Management Co, Trexquant Investment Lp, Monarch Partners Asset Management Llc.
Buckhead Capital Management Llc had the greatest investment with ownership of 20,469 shares as of Q2 2015 for 0.17% of the fund’s portfolio. Condor Capital Management is another bullish institutional investor having 29,341 shares of the company or 0.32% of their stocks portfolio. The stock is also 0.17% of the fund’s AUM. Further Dt Investment Partners Llc have 0.09% of their stock portfolio invested in the stock for 8,000 shares. M&R Capital Management Inc revealed it had purchased a stake worth 0.08% of the fund’s stock portfolio in East West Bancorp Inc. The California-based fund Pillar Pacific Capital Management Llc is also optimistic about the public company, with ownership of 4,550 shares or 0.04% of their stock portfolio.
East West Bancorp NASDAQ:EWBC Company Profile
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.
Company Website: East West Bancorp
Now its market worth is: $6.12 billion and it has 144.99 million shares outstanding. Today it has 85.21% shareholders and the institutional ownership is 85.21%. The firm has 2618 employees. East West Bancorp Inc was founded in Delaware on 1998-08-26. The stock closed at $42.540001 yesterday and it had average 2 days volume of 270232 shares. It is down from the 30 days average shares volume of 349917. East West Bancorp Inc has a 52w low of $35.69 and a 52w high of $46.50. The stock price is above the 200 days Simple moving average. East West Bancorp Inc last issued its quarterly earnings information on 10/21/2015. The company reported 0.65 EPS for the quarter, same as the consensus estimate of 0.65 . The company had a revenue of 318.81 million for 9/30/2015 and 296.04 million for 6/30/2015. Therefore, the revenue was 22.78 million up.
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