East West Bancorp, Inc. (NASDAQ:EWBC) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,911 shares of the financial services provider’s stock after purchasing an additional 828 shares during the quarter. Pathstone Holdings LLC’s holdings in East West Bancorp were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EWBC. Capital Performance Advisors LLP acquired a new position in East West Bancorp in the 3rd quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new position in East West Bancorp in the 2nd quarter valued at about $30,000. UMB Bank n.a. raised its stake in East West Bancorp by 362.8% in the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 283 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of East West Bancorp during the 2nd quarter valued at about $31,000. Finally, Signaturefd LLC increased its stake in shares of East West Bancorp by 490.1% during the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 446 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Analysts Set New Price Targets

EWBC has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of East West Bancorp from $97.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Compass Point upped their price objective on shares of East West Bancorp from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Truist Financial upped their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush upped their price objective on shares of East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Citigroup upped their price objective on shares of East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, East West Bancorp presently has an average rating of “Moderate Buy” and an average target price of $102.25.

East West Bancorp Stock Up 0.2 %

Shares of NASDAQ:EWBC opened at $110.05 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92. East West Bancorp, Inc. has a 1 year low of $60.34 and a 1 year high of $113.95. The stock has a market capitalization of $15.26 billion, a P/E ratio of 13.90, a PEG ratio of 3.23 and a beta of 1.27. The stock has a 50-day simple moving average of $94.18 and a 200-day simple moving average of $83.22.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same quarter in the prior year, the business earned $2.02 EPS. Equities analysts forecast that East West Bancorp, Inc. will post 8.37 earnings per share for the current year.

East West Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, November 4th. East West Bancorp’s dividend payout ratio is presently 27.78%.

Insiders Place Their Bets

In other news, insider Irene H. Oh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total transaction of $985,000.00. Following the completion of the transaction, the insider now directly owns 117,193 shares in the company, valued at approximately $11,543,510.50. This represents a 7.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total value of $1,279,320.00. Following the transaction, the insider now owns 45,403 shares of the company’s stock, valued at approximately $4,840,413.83. This trade represents a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,969 shares of company stock worth $2,458,276 in the last 90 days. 1.04% of the stock is owned by company insiders.

East West Bancorp Company Profile

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.