Fifth Third Bancorp Trimmed East West Bancorp (EWBC) Stake by $604,044; Stock Value Declined; Illinois Tool Wks (ITW) Valuation Rose While Schwartz Investment Counsel Upped Stake

East West Bancorp, Inc. (NASDAQ:EWBC) Logo

Schwartz Investment Counsel Inc increased its stake in Illinois Tool Wks Inc (ITW) by 7.65% based on its latest 2019Q1 regulatory filing with the SEC. Schwartz Investment Counsel Inc bought 15,000 shares as the company’s stock rose 7.95% with the market. The institutional investor held 211,200 shares of the industrial machinery and components company at the end of 2019Q1, valued at $30.31M, up from 196,200 at the end of the previous reported quarter. Schwartz Investment Counsel Inc who had been investing in Illinois Tool Wks Inc for a number of months, seems to be bullish on the $49.35 billion market cap company. The stock increased 3.14% or $4.61 during the last trading session, reaching $151.48. About 1.15 million shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 3.74% since July 14, 2018 and is uptrending. It has underperformed by 0.69% the S&P500.

Fifth Third Bancorp decreased its stake in East West Bancorp Inc (EWBC) by 3.83% based on its latest 2019Q1 regulatory filing with the SEC. Fifth Third Bancorp sold 12,852 shares as the company’s stock declined 11.39% while stock markets rallied. The institutional investor held 322,575 shares of the finance company at the end of 2019Q1, valued at $15.47M, down from 335,427 at the end of the previous reported quarter. Fifth Third Bancorp who had been investing in East West Bancorp Inc for a number of months, seems to be less bullish one the $6.78 billion market cap company. The stock increased 1.55% or $0.71 during the last trading session, reaching $46.57. About 694,750 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has declined 32.58% since July 14, 2018 and is downtrending. It has underperformed by 37.01% the S&P500.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on July, 18 before the open. They expect $1.25 EPS, up 5.93% or $0.07 from last year’s $1.18 per share. EWBC’s profit will be $181.93 million for 9.31 P/E if the $1.25 EPS becomes a reality. After $1.16 actual EPS reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 7.76% EPS growth.

Since January 28, 2019, it had 0 insider purchases, and 1 insider sale for $100,114 activity.

Investors sentiment increased to 1.66 in Q1 2019. Its up 0.71, from 0.95 in 2018Q4. It improved, as 19 investors sold EWBC shares while 100 reduced holdings. 50 funds opened positions while 147 raised stakes. 120.66 million shares or 2.46% less from 123.71 million shares in 2018Q4 were reported. Assetmark holds 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 2,438 shares. Cim Llc reported 11,991 shares. Moreover, Bridgewater Associate Lp has 0.03% invested in East West Bancorp, Inc. (NASDAQ:EWBC). 1.19 million are held by D E Shaw Com Inc. Bluemountain Capital Mngmt Ltd Liability Corp accumulated 99,545 shares. Bancorporation Of Mellon Corp has invested 0.03% in East West Bancorp, Inc. (NASDAQ:EWBC). New York State Common Retirement Fund holds 0.02% or 315,150 shares in its portfolio. Brown Advisory accumulated 4,464 shares or 0% of the stock. Strs Ohio has 0.1% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 458,819 shares. Lpl Ltd Liability Com holds 30,169 shares or 0% of its portfolio. Utah Retirement has 27,240 shares. Quantbot Technologies Lp has 0.07% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Piedmont Invest Inc holds 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC) or 4,646 shares. Moreover, Adage Capital Group Limited Com has 0.1% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Smithfield reported 80 shares stake.

More notable recent East West Bancorp, Inc. (NASDAQ:EWBC) news were published by: Finance.Yahoo.com which released: “Is Charles River Laboratories International Inc. (CRL) A Good Stock To Buy? – Yahoo Finance” on June 20, 2019, also Nasdaq.com with their article: “After Hours Most Active for Jun 19, 2019 : SSW, GE, ORCL, MPC, MSFT, F, QCOM, STT, AMD, FB, HBAN, EWBC – Nasdaq” published on June 19, 2019, Seekingalpha.com published: “Buying Beaten-Down Shares Of Strong Companies: Part 1 – Seeking Alpha” on December 03, 2018. More interesting news about East West Bancorp, Inc. (NASDAQ:EWBC) were released by: Seekingalpha.com and their article: “East West Bancorp Appears To Be An Attractive Opportunity Given The Current Valuation – Seeking Alpha” published on April 22, 2019 as well as Businesswire.com‘s news article titled: “East West Bank Announces Agreement to Sell Desert Community Bank Branches to Flagstar Bank, FSB – Business Wire” with publication date: November 13, 2017.

Fifth Third Bancorp, which manages about $15.58 billion US Long portfolio, upped its stake in Cms Energy Corp (NYSE:CMS) by 9,471 shares to 64,365 shares, valued at $3.58 million in 2019Q1, according to the filing. It also increased its holding in Eog Res Inc (NYSE:EOG) by 5,099 shares in the quarter, for a total of 218,405 shares, and has risen its stake in Micron Technology Inc (NASDAQ:MU).

Since February 4, 2019, it had 0 insider buys, and 2 sales for $4.56 million activity. The insider Hartnett John R. sold $1.99 million.

Investors sentiment increased to 0.97 in Q1 2019. Its up 0.19, from 0.78 in 2018Q4. It improved, as 42 investors sold ITW shares while 339 reduced holdings. 111 funds opened positions while 260 raised stakes. 220.28 million shares or 4.90% less from 231.63 million shares in 2018Q4 were reported. Argyle Cap Mgmt has 4,500 shares. Wealthtrust Fairport Ltd, a Ohio-based fund reported 586 shares. Nj State Employees Deferred Compensation Plan reported 20,000 shares or 0.52% of all its holdings. First Citizens Bank And invested in 1,653 shares or 0.03% of the stock. Nomura Asset invested in 64,477 shares. First Personal Fin Svcs holds 0.02% or 364 shares. Payden And Rygel holds 400 shares. Nordea Invest Ab accumulated 26,397 shares. Twin Tree Ltd Partnership reported 8,778 shares. Sawgrass Asset Mgmt Lc reported 186,246 shares. Shine Advisory holds 0.13% or 1,998 shares. Brown Brothers Harriman has 0.59% invested in Illinois Tool Works Inc. (NYSE:ITW). Moreover, Trustmark Savings Bank Tru Department has 0.01% invested in Illinois Tool Works Inc. (NYSE:ITW) for 370 shares. Srb stated it has 0.07% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Jcic Asset Mgmt has 19 shares for 0% of their portfolio.

East West Bancorp, Inc. (NASDAQ:EWBC) Institutional Positions Chart

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