Mitsubishi UFJ Trust & Banking Corp Has $752,000 Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBCGet Rating) by 26.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,518 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in East West Bancorp were worth $752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EWBC. Quadrant Capital Group LLC grew its stake in shares of East West Bancorp by 52.8% in the first quarter. Quadrant Capital Group LLC now owns 440 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 152 shares during the last quarter. Signaturefd LLC increased its stake in shares of East West Bancorp by 119.8% in the first quarter. Signaturefd LLC now owns 455 shares of the financial services provider’s stock valued at $36,000 after buying an additional 248 shares during the period. First Horizon Advisors Inc. raised its position in shares of East West Bancorp by 3,385.7% during the first quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 474 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of East West Bancorp in the first quarter worth approximately $40,000. Finally, CWM LLC boosted its holdings in East West Bancorp by 116.6% in the first quarter. CWM LLC now owns 641 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 345 shares during the last quarter. 89.04% of the stock is owned by institutional investors.

East West Bancorp Price Performance

EWBC stock opened at $70.50 on Tuesday. The stock has a market capitalization of $9.93 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. The company’s 50-day moving average is $70.36 and its 200-day moving average is $74.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.88 and a quick ratio of 0.88. East West Bancorp, Inc. has a 1 year low of $61.65 and a 1 year high of $93.51.

East West Bancorp (NASDAQ:EWBCGet Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.13. East West Bancorp had a net margin of 45.32% and a return on equity of 16.45%. The company had revenue of $551.00 million for the quarter, compared to analysts’ expectations of $525.37 million. During the same quarter in the prior year, the firm earned $1.57 EPS. The business’s revenue was up 23.8% on a year-over-year basis. Equities research analysts expect that East West Bancorp, Inc. will post 7.79 EPS for the current fiscal year.

East West Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a $0.40 dividend. The ex-dividend date was Friday, July 29th. This represents a $1.60 annualized dividend and a yield of 2.27%. East West Bancorp’s payout ratio is 24.39%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EWBC shares. Jefferies Financial Group lowered their price target on shares of East West Bancorp from $102.00 to $79.00 in a report on Monday, July 11th. Piper Sandler boosted their target price on shares of East West Bancorp to $74.00 in a report on Monday, July 25th. Truist Financial decreased their price target on East West Bancorp from $100.00 to $80.00 in a report on Wednesday, June 15th. Finally, Wedbush increased their price target on East West Bancorp to $80.00 in a report on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

East West Bancorp Profile

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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. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits.

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

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