Oppenheimer & Co. Inc. Has $450,000 Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Oppenheimer & Co. Inc. trimmed its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 33.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the financial services provider’s stock after selling 2,412 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in East West Bancorp were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in East West Bancorp by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the financial services provider’s stock worth $3,687,000 after acquiring an additional 100 shares during the period. Covestor Ltd increased its stake in shares of East West Bancorp by 7.4% in the third quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 106 shares during the period. Lindenwold Advisors INC increased its stake in shares of East West Bancorp by 1.8% in the third quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 129 shares during the period. Blue Trust Inc. lifted its position in shares of East West Bancorp by 3.8% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 132 shares during the last quarter. Finally, US Bancorp DE boosted its stake in East West Bancorp by 7.8% during the 3rd quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 141 shares during the period. 89.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EWBC has been the topic of several recent analyst reports. Piper Sandler dropped their price target on East West Bancorp from $100.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. DA Davidson dropped their target price on shares of East West Bancorp from $120.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Compass Point increased their price target on shares of East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Stephens lowered shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.38.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, Director Jack C. Liu sold 1,275 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $104.53, for a total value of $133,275.75. Following the completion of the transaction, the director now directly owns 14,557 shares of the company’s stock, valued at approximately $1,521,643.21. The trade was a 8.05 % 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, CEO Dominic Ng sold 20,181 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $90.01, for a total transaction of $1,816,491.81. Following the sale, the chief executive officer now directly owns 988,133 shares in the company, valued at $88,941,851.33. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,362 shares of company stock valued at $3,842,022. 1.04% of the stock is currently owned by company insiders.

East West Bancorp Trading Down 0.4 %

Shares of EWBC opened at $89.08 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a market cap of $12.35 billion, a PE ratio of 10.69, a PEG ratio of 1.29 and a beta of 1.30. East West Bancorp, Inc. has a 1 year low of $68.78 and a 1 year high of $113.95. The stock has a 50 day simple moving average of $97.68 and a 200-day simple moving average of $94.59.

East West Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.60 per share. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 2.69%. The ex-dividend date was Monday, February 3rd. East West Bancorp’s dividend payout ratio is currently 28.81%.

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.