Bleakley Financial Group LLC Has $294,000 Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Bleakley Financial Group LLC raised its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,550 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Bleakley Financial Group LLC’s holdings in East West Bancorp were worth $294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of East West Bancorp during the first quarter valued at approximately $3,961,000. Manning & Napier Advisors LLC bought a new stake in shares of East West Bancorp during the second quarter valued at approximately $3,832,000. Inspire Investing LLC increased its position in shares of East West Bancorp by 197.8% during the first quarter. Inspire Investing LLC now owns 15,860 shares of the financial services provider’s stock valued at $1,255,000 after purchasing an additional 10,535 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of East West Bancorp during the first quarter valued at approximately $909,000. Finally, SG Americas Securities LLC bought a new stake in shares of East West Bancorp during the second quarter valued at approximately $852,000. 89.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Gary Teo sold 3,450 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.73, for a total transaction of $302,668.50. Following the transaction, the executive vice president now owns 15,875 shares of the company’s stock, valued at $1,392,713.75. 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 link. In other East West Bancorp news, EVP Gary Teo sold 3,450 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $87.73, for a total value of $302,668.50. Following the transaction, the executive vice president now owns 15,875 shares of the company’s stock, valued at approximately $1,392,713.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jack C. Liu sold 2,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the transaction, the director now directly owns 16,557 shares in the company, valued at $1,382,509.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,346 shares of company stock valued at $1,108,160 over the last 90 days. 1.04% of the stock is owned by company insiders.

East West Bancorp Price Performance

Shares of EWBC stock opened at $95.63 on Thursday. The stock’s fifty day moving average is $83.31 and its 200-day moving average is $78.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $13.31 billion, a PE ratio of 12.04, a PEG ratio of 2.08 and a beta of 1.29. East West Bancorp, Inc. has a 52 week low of $51.40 and a 52 week high of $98.95.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.03. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. During the same quarter in the prior year, the firm posted $2.02 earnings per share. Equities research analysts expect that East West Bancorp, Inc. will post 8.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on EWBC. Wells Fargo & Company boosted their price objective on East West Bancorp from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com cut East West Bancorp from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup upped 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. Truist Financial upped their price target on East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group lowered their price target on East West Bancorp from $94.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.08.

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.