Natixis Advisors LLC grew its position in East West Bancorp, Inc. (NASDAQ:EWBC – Free Report) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 199,658 shares of the financial services provider’s stock after acquiring an additional 17,486 shares during the quarter. Natixis Advisors LLC’s holdings in East West Bancorp were worth $22,440,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC increased its stake in East West Bancorp by 260.6% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 5,640 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 4,076 shares during the last quarter. Norges Bank bought a new stake in East West Bancorp in the 4th quarter worth approximately $199,529,000. Eurizon Capital SGR S.p.A. bought a new stake in East West Bancorp in the 4th quarter worth approximately $557,000. Northwestern Mutual Wealth Management Co. increased its position in shares of East West Bancorp by 4.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,616 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 307 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in East West Bancorp by 135.2% during the 4th quarter. Intech Investment Management LLC now owns 157,630 shares of the financial services provider’s stock valued at $17,716,000 after buying an additional 90,614 shares during the period. Institutional investors own 89.53% of the company’s stock.
Insiders Place Their Bets
In other East West Bancorp news, Director Archana Deskus sold 1,800 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $125.55, for a total value of $225,990.00. Following the completion of the sale, the director directly owned 13,231 shares in the company, valued at approximately $1,661,152.05. This represents a 11.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Douglas Paul Krause sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $123.50, for a total value of $1,235,000.00. Following the completion of the sale, the insider owned 46,974 shares of the company’s stock, valued at $5,801,289. This represents a 17.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,800 shares of company stock worth $5,165,690. 0.94% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on East West Bancorp
East West Bancorp Stock Performance
Shares of East West Bancorp stock opened at $125.94 on Friday. The stock’s fifty day moving average is $119.01 and its two-hundred day moving average is $114.63. The company has a market capitalization of $17.25 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. East West Bancorp, Inc. has a 52 week low of $90.79 and a 52 week high of $127.51.
East West Bancorp (NASDAQ:EWBC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.46 by $0.11. The company had revenue of $773.75 million for the quarter, compared to the consensus estimate of $767.80 million. East West Bancorp had a return on equity of 16.00% and a net margin of 29.59%.East West Bancorp’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 EPS. As a group, analysts expect that East West Bancorp, Inc. will post 10.6 earnings per share for the current year.
East West Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 4th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, May 4th. East West Bancorp’s dividend payout ratio is currently 31.97%.
East West Bancorp Profile
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.
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