East West Bancorp, Inc. (NASDAQ:EWBC) Shares Acquired by Creative Planning

Creative Planning increased its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,102 shares of the financial services provider’s stock after purchasing an additional 1,236 shares during the quarter. Creative Planning’s holdings in East West Bancorp were worth $1,106,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Shell Asset Management Co. boosted its holdings in shares of East West Bancorp by 3.2% in the 4th quarter. Shell Asset Management Co. now owns 10,859 shares of the financial services provider’s stock valued at $781,000 after acquiring an additional 332 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of East West Bancorp by 8.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,234,198 shares of the financial services provider’s stock valued at $88,801,000 after buying an additional 97,567 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in East West Bancorp during the fourth quarter worth about $7,195,000. Kapitalo Investimentos Ltda purchased a new position in East West Bancorp during the fourth quarter valued at approximately $29,000. Finally, M&R Capital Management Inc. lifted its holdings in East West Bancorp by 13.8% in the first quarter. M&R Capital Management Inc. now owns 38,472 shares of the financial services provider’s stock valued at $3,044,000 after acquiring an additional 4,654 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of East West Bancorp from $72.50 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Morgan Stanley increased their target price on shares of East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Truist Financial reduced their price target on East West Bancorp from $96.00 to $93.00 and set a “buy” rating for the company in a report on Friday, September 20th. DA Davidson raised their price objective on East West Bancorp from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group reduced their target price on East West Bancorp from $94.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, East West Bancorp currently has an average rating of “Moderate Buy” and an average target price of $91.43.

Insider Buying and Selling at East West Bancorp

In other news, Director Rudolph Estrada sold 1,896 shares of East West Bancorp stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.77, for a total transaction of $166,411.92. Following the transaction, the director now owns 18,470 shares in the company, valued at $1,621,111.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Rudolph Estrada sold 1,896 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $87.77, for a total transaction of $166,411.92. Following the completion of the sale, the director now owns 18,470 shares in the company, valued at $1,621,111.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary Teo sold 3,450 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 15,875 shares in the company, valued at $1,392,713.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,346 shares of company stock worth $1,108,160 in the last three months. 1.04% of the stock is owned by corporate insiders.

East West Bancorp Price Performance

Shares of NASDAQ EWBC opened at $85.27 on Thursday. The firm has a 50-day simple moving average of $80.96 and a 200-day simple moving average of $77.37. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 2.80 and a beta of 1.29. East West Bancorp, Inc. has a 52 week low of $50.23 and a 52 week high of $89.75.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.10. The company had revenue of $638.00 million during the quarter, compared to the consensus estimate of $631.61 million. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. East West Bancorp’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 EPS. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, August 2nd. East West Bancorp’s dividend payout ratio (DPR) is currently 27.71%.

About East West Bancorp

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.