East West Bancorp, Inc. (NASDAQ:EWBC) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,564 shares of the financial services provider’s stock after buying an additional 462 shares during the quarter. Private Advisor Group LLC’s holdings in East West Bancorp were worth $378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of East West Bancorp during the 2nd quarter worth $30,000. UMB Bank n.a. lifted its stake in shares of East West Bancorp by 362.8% in the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 283 shares during the period. American Capital Advisory LLC purchased a new stake in East West Bancorp during the second quarter worth about $31,000. Signaturefd LLC grew its position in East West Bancorp by 490.1% during the second quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock worth $39,000 after buying an additional 446 shares during the period. Finally, Tobam increased its holdings in East West Bancorp by 131.7% in the third quarter. Tobam now owns 482 shares of the financial services provider’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insider Activity at East West Bancorp

In other East West Bancorp news, Director Rudolph Estrada sold 469 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total transaction of $45,980.76. Following the transaction, the director now owns 17,750 shares of the company’s stock, valued at $1,740,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other East West Bancorp news, Director Rudolph Estrada sold 469 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total transaction of $45,980.76. Following the completion of the sale, the director now directly owns 17,750 shares in the company, valued at $1,740,210. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Molly Campbell sold 1,500 shares of East West Bancorp stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $98.65, for a total value of $147,975.00. Following the completion of the transaction, the director now directly owns 10,639 shares in the company, valued at $1,049,537.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,969 shares of company stock worth $1,345,956. 1.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EWBC. Barclays boosted their price target on East West Bancorp from $108.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup raised their price target on East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on shares of East West Bancorp from $97.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wedbush lifted their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, DA Davidson increased their price target on shares of East West Bancorp from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $99.46.

East West Bancorp Trading Up 1.3 %

Shares of East West Bancorp stock opened at $97.74 on Wednesday. East West Bancorp, Inc. has a fifty-two week low of $55.43 and a fifty-two week high of $101.31. The business’s fifty day moving average is $86.18 and its two-hundred day moving average is $79.93. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market cap of $13.55 billion, a PE ratio of 12.34, a P/E/G ratio of 2.85 and a beta of 1.27.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same period in the prior year, the business posted $2.02 earnings per share. Analysts anticipate that East West Bancorp, Inc. will post 8.31 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.55 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.20 annualized dividend and a dividend yield of 2.25%. East West Bancorp’s dividend payout ratio is presently 27.78%.

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.