East West Bancorp, Inc. $EWBC Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 476,271 shares of the financial services provider’s stock after buying an additional 17,544 shares during the quarter. Vest Financial LLC’s holdings in East West Bancorp were worth $48,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC increased its stake in East West Bancorp by 37.0% during the second quarter. CWM LLC now owns 14,622 shares of the financial services provider’s stock worth $1,477,000 after acquiring an additional 3,948 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in East West Bancorp by 15.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,927 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,137 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in East West Bancorp by 1.2% during the second quarter. Johnson Investment Counsel Inc. now owns 24,579 shares of the financial services provider’s stock worth $2,482,000 after acquiring an additional 289 shares during the last quarter. JB Capital LLC increased its stake in East West Bancorp by 1.6% during the second quarter. JB Capital LLC now owns 59,445 shares of the financial services provider’s stock worth $6,003,000 after acquiring an additional 953 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in East West Bancorp by 4.3% during the second quarter. Blue Trust Inc. now owns 6,745 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EWBC. Wall Street Zen raised East West Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial set a $112.00 price target on East West Bancorp in a research report on Friday. Cantor Fitzgerald assumed coverage on East West Bancorp in a research report on Wednesday, September 10th. They set an “overweight” rating and a $124.00 price target for the company. Wells Fargo & Company raised their price target on East West Bancorp from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Piper Sandler raised their price target on East West Bancorp from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.33.

Get Our Latest Report on East West Bancorp

East West Bancorp Trading Down 5.4%

EWBC opened at $99.28 on Monday. East West Bancorp, Inc. has a 12 month low of $68.27 and a 12 month high of $113.95. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.35 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day moving average price of $105.01 and a 200 day moving average price of $97.03.

East West Bancorp (NASDAQ:EWBCGet Free Report) last released its earnings results on Monday, December 11th. The financial services provider reported $2.08 EPS for the quarter. East West Bancorp had a return on equity of 15.09% and a net margin of 26.06%.The firm had revenue of $627.36 million during the quarter. Sell-side analysts expect that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 4th. East West Bancorp’s payout ratio is 28.04%.

Insiders Place Their Bets

In other East West Bancorp news, Director Jack C. Liu sold 1,000 shares of East West Bancorp stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $105.00, for a total transaction of $105,000.00. Following the completion of the sale, the director directly owned 14,974 shares of the company’s stock, valued at $1,572,270. The trade was a 6.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary Teo sold 6,550 shares of East West Bancorp stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $106.47, for a total value of $697,378.50. Following the sale, the executive vice president directly owned 12,235 shares of the company’s stock, valued at $1,302,660.45. This trade represents a 34.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,240 shares of company stock valued at $7,379,678 over the last quarter. Corporate insiders own 1.04% of the company’s stock.

East West Bancorp Company Profile

(Free Report)

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.

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Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

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