Cwm LLC Buys 1,992 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Cwm LLC increased its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 109.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,818 shares of the financial services provider’s stock after purchasing an additional 1,992 shares during the quarter. Cwm LLC’s holdings in East West Bancorp were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Riverview Trust Co bought a new position in East West Bancorp in the first quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new position in East West Bancorp in the 2nd quarter valued at approximately $30,000. American Capital Advisory LLC bought a new position in East West Bancorp in the 2nd quarter valued at approximately $31,000. Mather Group LLC. acquired a new stake in East West Bancorp during the 1st quarter worth approximately $35,000. Finally, Signaturefd LLC grew its holdings in East West Bancorp by 490.1% during the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 446 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Insider Buying and Selling at East West Bancorp

In other news, Director Rudolph Estrada sold 1,896 shares of the stock in a transaction dated Friday, July 26th. The shares were 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 of the company’s stock, valued at $1,621,111.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the sale, the director now owns 16,557 shares of the company’s stock, valued at approximately $1,382,509.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rudolph Estrada sold 1,896 shares of the business’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 value of $166,411.92. Following the sale, the director now owns 18,470 shares of the company’s stock, valued at approximately $1,621,111.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,346 shares of company stock valued at $1,108,160. Corporate insiders own 1.04% of the company’s stock.

East West Bancorp Price Performance

Shares of EWBC opened at $89.08 on Tuesday. The firm has a market cap of $12.39 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. East West Bancorp, Inc. has a 52-week low of $51.33 and a 52-week high of $93.30. The business’s 50 day moving average price is $82.72 and its two-hundred day moving average price is $78.13. 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 released its earnings results on Tuesday, July 23rd. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.10. The company had revenue of $638.00 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.20 EPS. On average, equities analysts anticipate that East West Bancorp, Inc. will post 8.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of 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. DA Davidson raised their target price on East West Bancorp from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley lifted their target price on East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Barclays increased their price target on East West Bancorp from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Truist Financial cut their price objective on East West Bancorp from $96.00 to $93.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.77.

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.