Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of East West Bancorp during the third quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its position in East West Bancorp by 73.2% during the 4th quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 175 shares in the last quarter. Farther Finance Advisors LLC raised its stake in East West Bancorp by 119.1% during the 4th quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 306 shares during the period. UMB Bank n.a. lifted its holdings in shares of East West Bancorp by 83.4% in the fourth quarter. UMB Bank n.a. now owns 662 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 301 shares in the last quarter. Finally, Quarry LP boosted its position in shares of East West Bancorp by 822.9% in the third quarter. Quarry LP now owns 1,006 shares of the financial services provider’s stock worth $83,000 after buying an additional 897 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

In other East West Bancorp news, CEO Dominic Ng sold 19,819 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total transaction of $1,783,710.00. Following the completion of the transaction, the chief executive officer now owns 968,314 shares of the company’s stock, valued at $87,148,260. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack C. Liu sold 725 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total transaction of $75,762.50. Following the sale, the director now owns 15,832 shares of the company’s stock, valued at $1,654,444. This trade represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,181 shares of company stock worth $5,625,732 over the last 90 days. Insiders own 1.04% of the company’s stock.

Shares of NASDAQ:EWBC opened at $89.07 on Friday. The stock has a market capitalization of $12.33 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.29 and a beta of 1.28. The business has a 50-day moving average of $95.35 and a two-hundred day moving average of $95.42. East West Bancorp, Inc. has a fifty-two week low of $68.78 and a fifty-two week high of $113.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92.

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.69%. This is a boost from East West Bancorp’s previous quarterly dividend of $0.55. East West Bancorp’s dividend payout ratio is presently 28.81%.

Several research analysts recently weighed in on EWBC shares. Piper Sandler dropped their price target on East West Bancorp from $100.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Stephens lowered shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. StockNews.com downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. UBS Group initiated coverage on shares of East West Bancorp in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $112.00 target price for the company. Finally, DA Davidson decreased their target price on shares of East West Bancorp from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $111.31.

Read Our Latest Report on EWBC

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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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