Farther Finance Advisors LLC Has $54,000 Stake in East West Bancorp, Inc. (NASDAQ:EWBC)

Farther Finance Advisors LLC increased its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 119.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 563 shares of the financial services provider’s stock after acquiring an additional 306 shares during the period. Farther Finance Advisors LLC’s holdings in East West Bancorp were worth $54,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its holdings in shares of East West Bancorp by 1.8% during the 3rd quarter. FMR LLC now owns 7,882,803 shares of the financial services provider’s stock valued at $652,223,000 after acquiring an additional 136,528 shares during the last quarter. State Street Corp increased its holdings in shares of East West Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 5,314,994 shares of the financial services provider’s stock valued at $439,763,000 after acquiring an additional 75,024 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of East West Bancorp by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,418,840 shares of the financial services provider’s stock valued at $423,148,000 after acquiring an additional 186,887 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of East West Bancorp by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,608,132 shares of the financial services provider’s stock valued at $216,438,000 after acquiring an additional 122,738 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of East West Bancorp by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,552,028 shares of the financial services provider’s stock valued at $128,414,000 after acquiring an additional 90,618 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Stock Performance

EWBC opened at $89.99 on Monday. The stock has a market cap of $12.46 billion, a PE ratio of 10.80, a P/E/G ratio of 1.29 and a beta of 1.28. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp, Inc. has a 1 year low of $68.78 and a 1 year high of $113.95. The stock’s 50 day simple moving average is $96.08 and its 200-day simple moving average is $95.10.

East West Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were paid a $0.60 dividend. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.40 annualized dividend and a yield of 2.67%. East West Bancorp’s payout ratio is currently 28.81%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on East West Bancorp from $96.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley lowered their target price on East West Bancorp from $127.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company raised their target price on East West Bancorp from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Stephens lowered East West Bancorp from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Finally, UBS Group assumed coverage on East West Bancorp in a report on Tuesday, December 17th. They issued a “neutral” rating and a $112.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, East West Bancorp presently has an average rating of “Moderate Buy” and an average target price of $111.31.

Insider Activity at East West Bancorp

In related news, Director Jack C. Liu sold 725 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $104.50, for a total value of $75,762.50. Following the sale, the director now owns 15,832 shares of the company’s stock, valued at $1,654,444. The trade was a 4.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dominic Ng sold 20,181 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $90.01, for a total value of $1,816,491.81. Following the completion of the sale, the chief executive officer now directly owns 988,133 shares in the company, valued at approximately $88,941,851.33. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,181 shares of company stock valued at $5,625,732 in the last 90 days. 1.04% of the stock is owned by corporate insiders.

East West Bancorp Company 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.