SG Americas Securities LLC lowered its position in East West Bancorp, Inc. (NASDAQ:EWBC – Get Rating) by 69.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,117 shares of the financial services provider’s stock after selling 18,153 shares during the period. SG Americas Securities LLC’s holdings in East West Bancorp were worth $545,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of EWBC. Tobam bought a new stake in shares of East West Bancorp in the second quarter worth $32,000. NewSquare Capital LLC lifted its position in East West Bancorp by 1,515.6% during the third quarter. NewSquare Capital LLC now owns 517 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 485 shares in the last quarter. Ellevest Inc. lifted its position in East West Bancorp by 763.0% during the second quarter. Ellevest Inc. now owns 630 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 557 shares in the last quarter. First Horizon Advisors Inc. lifted its position in East West Bancorp by 73.0% during the second quarter. First Horizon Advisors Inc. now owns 844 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 356 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in East West Bancorp by 100.2% during the second quarter. Quadrant Capital Group LLC now owns 881 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 441 shares in the last quarter. Institutional investors own 88.68% of the company’s stock.
East West Bancorp Price Performance
Shares of East West Bancorp stock opened at $69.76 on Tuesday. The stock’s 50-day simple moving average is $66.90 and its 200-day simple moving average is $69.63. East West Bancorp, Inc. has a 52 week low of $61.65 and a 52 week high of $93.51. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.78 and a beta of 1.40. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08.
Analyst Upgrades and Downgrades
In related news, Vice Chairman Douglas Paul Krause sold 5,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $72.43, for a total value of $362,150.00. Following the sale, the insider now directly owns 52,435 shares in the company, valued at $3,797,867.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.80% of the company’s stock.
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. 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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