Copperwynd Financial LLC Has $433,000 Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Copperwynd Financial LLC decreased its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 21.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,911 shares of the financial services provider’s stock after selling 1,659 shares during the quarter. Copperwynd Financial LLC’s holdings in East West Bancorp were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc raised its stake in shares of East West Bancorp by 2.8% in the 2nd quarter. CIBC Asset Management Inc now owns 4,753 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 128 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of East West Bancorp by 3.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,606 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 133 shares during the period. OLD National Bancorp IN lifted its stake in shares of East West Bancorp by 6.4% in the second quarter. OLD National Bancorp IN now owns 2,923 shares of the financial services provider’s stock worth $214,000 after buying an additional 175 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of East West Bancorp by 2.0% during the 2nd quarter. Coldstream Capital Management Inc. now owns 9,372 shares of the financial services provider’s stock worth $686,000 after buying an additional 184 shares during the period. Finally, Blair William & Co. IL grew its stake in East West Bancorp by 5.4% in the 1st quarter. Blair William & Co. IL now owns 3,691 shares of the financial services provider’s stock valued at $292,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Trading Up 0.4 %

Shares of EWBC stock opened at $81.53 on Friday. The firm has a fifty day moving average of $81.50 and a 200-day moving average of $77.04. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 2.80 and a beta of 1.29. East West Bancorp, Inc. has a 52-week low of $49.59 and a 52-week high of $89.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.10. The firm had revenue of $638.00 million during the quarter, compared to analyst estimates of $631.61 million. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 earnings per share. On average, equities research analysts forecast that East West Bancorp, Inc. will post 8.17 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, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.55 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.70%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.71%.

Wall Street Analyst Weigh In

EWBC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens boosted their price objective on East West Bancorp from $86.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Truist Financial lowered their target price on East West Bancorp from $96.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Piper Sandler upped their price target on East West Bancorp from $72.50 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Wedbush raised their price objective on shares of East West Bancorp from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.53.

Insider Activity at East West Bancorp

In other East West Bancorp news, EVP Gary Teo sold 3,450 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.73, for a total transaction of $302,668.50. Following the completion of the transaction, the executive vice president now directly owns 15,875 shares in the company, valued at $1,392,713.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Lisa L. Kim sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $78.68, for a total value of $472,080.00. Following the transaction, the executive vice president now directly owns 18,891 shares of the company’s stock, valued at approximately $1,486,343.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Teo sold 3,450 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $87.73, for a total value of $302,668.50. Following the sale, the executive vice president now directly owns 15,875 shares of the company’s stock, valued at $1,392,713.75. The disclosure for this sale can be found here. Insiders have sold a total of 13,346 shares of company stock valued at $1,108,160 in the last 90 days. 1.04% of the stock is owned by corporate insiders.

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.