East-West BancorpEWBC
Market Cap: $10.9B
About: East West Bancorp Inc is the holding company for East West Bank, a full-service commercial bank with cross-border operations concentrated in the United States and China. East-West Bank is one of a few U.S. based banks with a full banking license in China. The bank's cost strategy has increasingly focused on expanding its deposit base away from time deposits to commercial deposits. The bank has also taken part in entertainment partnerships between participants in China and Hollywood. Most of these efforts include financing the production and distribution of film and television projects. The bank leverages its cultural and regulatory knowledge in the U.S. and China to assist its customers in entering new markets. Most of its earning assets are in loans held for investment.
Employees: 3,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
143% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 28
40% more call options, than puts
Call options by funds: $16.2M | Put options by funds: $11.6M
10% more funds holding
Funds holding: 405 [Q1] → 445 (+40) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 148
2.26% less ownership
Funds ownership: 92.45% [Q1] → 90.19% (-2.26%) [Q2]
10% less capital invested
Capital invested by funds: $10.2B [Q1] → $9.19B (-$1.05B) [Q2]
43% less funds holding in top 10
Funds holding in top 10: 7 [Q1] → 4 (-3) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target | 31%upside $103 | Overweight Maintained | 5 Aug 2024 |
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target | 22%upside $96 | Buy Maintained | 25 Jul 2024 |
Stephens & Co. Andrew Terrell 65% 1-year accuracy 11 / 17 met price target | 21%upside $95 | Overweight Maintained | 24 Jul 2024 |
Wedbush David Chiaverini 65% 1-year accuracy 34 / 52 met price target | 27%upside $100 | Outperform Maintained | 24 Jul 2024 |
Wells Fargo Timur Braziler 87% 1-year accuracy 13 / 15 met price target | 21%upside $95 | Overweight Maintained | 24 Jul 2024 |