East West Bancorp, Inc. $EWBC Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. lifted its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 105.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,895 shares of the financial services provider’s stock after purchasing an additional 15,843 shares during the quarter. Graham Capital Management L.P.’s holdings in East West Bancorp were worth $3,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EWBC. Geneos Wealth Management Inc. raised its position in shares of East West Bancorp by 66.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 801 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 321 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of East West Bancorp during the 2nd quarter worth approximately $274,000. Baird Financial Group Inc. acquired a new stake in shares of East West Bancorp during the 2nd quarter worth approximately $290,000. Marshall Wace LLP raised its position in shares of East West Bancorp by 34.3% during the 2nd quarter. Marshall Wace LLP now owns 3,223 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 823 shares during the period. Finally, Cerity Partners LLC raised its position in shares of East West Bancorp by 118.7% during the 2nd quarter. Cerity Partners LLC now owns 35,335 shares of the financial services provider’s stock worth $3,568,000 after purchasing an additional 19,178 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

East West Bancorp Stock Performance

Shares of EWBC stock opened at $130.61 on Wednesday. East West Bancorp, Inc. has a 12-month low of $90.79 and a 12-month high of $136.00. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. The business has a 50 day simple moving average of $122.21 and a 200 day simple moving average of $116.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88.

East West Bancorp (NASDAQ:EWBCGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.11. The business had revenue of $773.75 million during the quarter, compared to analyst estimates of $767.80 million. East West Bancorp had a return on equity of 16.00% and a net margin of 29.59%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.08 EPS. On average, equities research analysts anticipate that East West Bancorp, Inc. will post 10.6 EPS for the current year.

East West Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 4th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, May 4th. East West Bancorp’s dividend payout ratio (DPR) is presently 31.97%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. DA Davidson increased their price objective on East West Bancorp from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler increased their price objective on East West Bancorp from $111.00 to $123.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. TD Cowen increased their price objective on East West Bancorp from $137.00 to $143.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. UBS Group increased their price objective on East West Bancorp from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Truist Financial increased their price objective on East West Bancorp from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, East West Bancorp currently has an average rating of “Moderate Buy” and an average price target of $133.69.

Check Out Our Latest Report on East West Bancorp

Insider Transactions at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 11,211 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $129.00, for a total transaction of $1,446,219.00. Following the completion of the transaction, the insider directly owned 85,998 shares of the company’s stock, valued at approximately $11,093,742. This trade represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas Paul Krause sold 10,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $123.50, for a total value of $1,235,000.00. Following the transaction, the insider directly owned 46,974 shares of the company’s stock, valued at approximately $5,801,289. The trade was a 17.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 54,311 shares of company stock valued at $6,784,711. Company insiders own 0.94% of the company’s stock.

About East West Bancorp

(Free Report)

East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.

Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.

See Also

Want to see what other hedge funds are holding EWBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for East West Bancorp, Inc. (NASDAQ:EWBCFree Report).

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

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.