East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,980 shares of the financial services provider’s stock after selling 10,839 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.07% of East West Bancorp worth $4,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in East West Bancorp by 65.1% in the third quarter. First Horizon Advisors Inc. now owns 535 shares of the financial services provider’s stock valued at $28,000 after buying an additional 211 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in East West Bancorp in the fourth quarter valued at about $53,000. Tobam bought a new stake in East West Bancorp in the second quarter valued at about $56,000. Meitav Investment House Ltd. bought a new stake in East West Bancorp in the second quarter valued at about $80,000. Finally, CWM LLC increased its holdings in East West Bancorp by 22.8% in the third quarter. CWM LLC now owns 1,825 shares of the financial services provider’s stock valued at $96,000 after buying an additional 339 shares during the last quarter. 87.11% of the stock is owned by institutional investors.

East West Bancorp Stock Performance

EWBC opened at $71.63 on Tuesday. The company has a market capitalization of $10.09 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91. East West Bancorp, Inc. has a 1-year low of $33.86 and a 1-year high of $78.91. The business has a 50 day moving average price of $71.29 and a two-hundred day moving average price of $61.35.

East West Bancorp (NASDAQ:EWBCGet Free Report) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $654.70 million during the quarter, compared to the consensus estimate of $641.91 million. East West Bancorp had a return on equity of 18.47% and a net margin of 29.11%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.37 earnings per share. Research analysts predict that East West Bancorp, Inc. will post 7.84 EPS for the current fiscal year.

East West Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, February 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.07%. This is an increase from East West Bancorp’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, February 1st. East West Bancorp’s dividend payout ratio is 26.89%.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, Director Jack C. Liu sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $68.90, for a total value of $68,900.00. Following the transaction, the director now owns 18,739 shares of the company’s stock, valued at $1,291,117.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other East West Bancorp news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $63.29, for a total transaction of $759,480.00. Following the sale, the insider now directly owns 55,353 shares of the company’s stock, valued at approximately $3,503,291.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack C. Liu sold 1,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $68.90, for a total transaction of $68,900.00. Following the sale, the director now directly owns 18,739 shares in the company, valued at $1,291,117.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,500 shares of company stock valued at $1,108,100. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on East West Bancorp from $76.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Citigroup decreased their target price on East West Bancorp from $89.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Truist Financial lifted their target price on East West Bancorp from $62.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, December 15th. UBS Group lifted their target price on East West Bancorp from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Piper Sandler lifted their target price on East West Bancorp from $72.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

View Our Latest Stock Report on East West Bancorp

East West Bancorp Company Profile

(Free Report)

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. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. It 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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