407 Shares in East West Bancorp, Inc. (NASDAQ:EWBC) Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 407 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EWBC. Norges Bank acquired a new stake in shares of East West Bancorp in the fourth quarter valued at approximately $115,369,000. Westfield Capital Management Co. LP bought a new position in East West Bancorp during the 4th quarter worth $67,692,000. Boston Partners raised its holdings in East West Bancorp by 48.5% in the 4th quarter. Boston Partners now owns 2,713,987 shares of the financial services provider’s stock valued at $195,279,000 after acquiring an additional 886,841 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of East West Bancorp by 30.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,215,701 shares of the financial services provider’s stock valued at $231,370,000 after acquiring an additional 751,944 shares during the period. Finally, Ruffer LLP acquired a new stake in shares of East West Bancorp during the 3rd quarter worth $33,675,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insider Transactions at East West Bancorp

In related news, insider Irene H. Oh sold 10,000 shares of East West Bancorp stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total transaction of $775,800.00. Following the completion of the transaction, the insider now owns 127,193 shares of the company’s stock, valued at $9,867,632.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $73.76, for a total transaction of $590,080.00. Following the sale, the insider now owns 57,403 shares in the company, valued at approximately $4,234,045.28. The sale was disclosed in a filing 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 value of $775,800.00. Following the sale, the insider now directly 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. Corporate insiders own 1.04% of the company’s stock.

East West Bancorp Stock Performance

Shares of East West Bancorp stock opened at $71.13 on Friday. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 3.62 and a beta of 1.33. East West Bancorp, Inc. has a twelve month low of $48.65 and a twelve month high of $79.54. The company’s fifty day moving average is $74.08 and its 200 day moving average is $73.27. 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 (NASDAQ:EWBC) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.08. East West Bancorp had a return on equity of 17.43% and a net margin of 26.78%. The company had revenue of $644.13 million during the quarter, compared to analysts’ expectations of $636.77 million. During the same quarter in the prior year, the firm posted $2.32 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. Sell-side analysts forecast that East West Bancorp, Inc. will post 8.03 EPS for the current year.

East West Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, May 2nd. This represents a $2.20 annualized dividend and a yield of 3.09%. East West Bancorp’s payout ratio is 27.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EWBC shares. Stephens upped their price objective on shares of East West Bancorp from $85.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Truist Financial reduced their price target on shares of East West Bancorp from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Barclays started coverage on East West Bancorp in a research note on Friday, March 8th. They set an “overweight” rating and a $106.00 target price for the company. Jefferies Financial Group upped their price objective on East West Bancorp from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of East West Bancorp in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.08.

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.