US Bancorp DE Has $161,000 Stock Position in East West Bancorp, Inc. (NASDAQ:EWBC)

US Bancorp DE raised its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,949 shares of the financial services provider’s stock after buying an additional 141 shares during the quarter. US Bancorp DE’s holdings in East West Bancorp were worth $161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors bought a new stake in East West Bancorp in the 1st quarter valued at $338,142,000. Dimensional Fund Advisors LP lifted its holdings in shares of East West Bancorp by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,822,886 shares of the financial services provider’s stock valued at $133,480,000 after purchasing an additional 118,658 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of East West Bancorp during the second quarter worth about $59,460,000. Miller Howard Investments Inc. NY boosted its position in shares of East West Bancorp by 30.6% during the second quarter. Miller Howard Investments Inc. NY now owns 649,708 shares of the financial services provider’s stock worth $47,578,000 after buying an additional 152,334 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in shares of East West Bancorp by 0.6% during the second quarter. William Blair Investment Management LLC now owns 617,265 shares of the financial services provider’s stock worth $45,202,000 after buying an additional 3,588 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Price Performance

Shares of NASDAQ EWBC opened at $103.57 on Friday. 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 business’s 50 day moving average price is $88.75 and its two-hundred day moving average price is $81.10. The company has a market cap of $14.36 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 3.11 and a beta of 1.27. East West Bancorp, Inc. has a twelve month low of $60.26 and a twelve month high of $107.68.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. During the same period in the previous year, the firm earned $2.02 EPS. On average, analysts predict that East West Bancorp, Inc. will post 8.34 EPS 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. Stockholders of record on Monday, November 4th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Monday, November 4th. East West Bancorp’s dividend payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EWBC. Morgan Stanley upped their price target on East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. StockNews.com upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Wedbush raised their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Truist Financial boosted their price target on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays raised their price objective on East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.25.

Insider Buying and Selling

In other news, Director Molly Campbell sold 1,500 shares of the business’s 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 sale, the director now owns 10,639 shares of the company’s stock, valued at approximately $1,049,537.35. The trade was a 12.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $83.50, for a total transaction of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares in the company, valued at $1,382,509.50. This trade represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,969 shares of company stock valued at $2,625,276. Company insiders own 1.04% of the company’s stock.

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.