This morning Pasadena, CA based regional bank East West Bancorp ( EWBC) reported second quarter earnings that saw the company swing to a profit.

FORBES: Price Might Be Right On East West Bancorp

At this point it seems to us that the market has awarded EWBC a growth premium that their management is not ready to pursue just yet.

FORBES: Price Might Be Right On East West Bancorp

According to the ETF Finder at ETF Channel, EWBC makes up 2.90% of the Dynamic Banking Portfolio ETF ( AMEX: PJB )which is trading relatively unchanged on the day Monday.

FORBES: East West Bancorp About To Put More Money In Your Pocket