382 Shares in East West Bancorp, Inc. (NASDAQ:EWBC) Purchased by Rise Advisors LLC

Rise Advisors LLC purchased a new stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 382 shares of the financial services provider’s stock, valued at approximately $30,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new position in East West Bancorp during the 4th quarter valued at about $29,000. Mather Group LLC. bought a new position in East West Bancorp during the 1st quarter valued at about $35,000. Denali Advisors LLC lifted its holdings in East West Bancorp by 66.7% during the 4th quarter. Denali Advisors LLC now owns 500 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of East West Bancorp in the fourth quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of East West Bancorp by 52.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 666 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 230 shares during the last quarter. 89.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EWBC. Barclays began coverage on shares of East West Bancorp in a research note on Friday, March 8th. They issued an “overweight” rating and a $106.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on shares of East West Bancorp from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Truist Financial dropped their target price on shares of East West Bancorp from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Stephens boosted their target price on shares of East West Bancorp from $85.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of East West Bancorp in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

Insider Transactions at East West Bancorp

In related news, insider Irene H. Oh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total value of $775,800.00. Following the completion of the transaction, the insider now owns 127,193 shares in the company, valued at approximately $9,867,632.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other East West Bancorp news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $73.76, for a total transaction of $590,080.00. Following the completion of the transaction, the insider now owns 57,403 shares in the company, valued at approximately $4,234,045.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Irene H. Oh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $77.58, for a total transaction of $775,800.00. Following the transaction, the insider now owns 127,193 shares of the company’s stock, valued at approximately $9,867,632.94. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

East West Bancorp Trading Down 0.1 %

Shares of East West Bancorp stock opened at $71.13 on Friday. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 3.62 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. East West Bancorp, Inc. has a 12-month low of $48.65 and a 12-month high of $79.54. The firm’s 50-day moving average price is $74.08 and its two-hundred day moving average price is $73.27.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $644.13 million for the quarter, compared to the consensus estimate of $636.77 million. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.32 earnings per share. On average, analysts forecast that East West Bancorp, Inc. will post 8.03 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.09%. East West Bancorp’s dividend payout ratio (DPR) is currently 27.71%.

East West Bancorp 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.