East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Doheny Asset Management CA

Doheny Asset Management CA decreased its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,737 shares of the financial services provider’s stock after selling 1,263 shares during the quarter. Doheny Asset Management CA’s holdings in East West Bancorp were worth $341,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Natixis Advisors L.P. raised its position in shares of East West Bancorp by 24.3% in the 4th quarter. Natixis Advisors L.P. now owns 15,217 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 2,975 shares during the period. First Horizon Advisors Inc. raised its position in shares of East West Bancorp by 39.6% in the 4th quarter. First Horizon Advisors Inc. now owns 747 shares of the financial services provider’s stock worth $54,000 after buying an additional 212 shares during the period. New York Life Investment Management LLC raised its position in shares of East West Bancorp by 7.8% in the 4th quarter. New York Life Investment Management LLC now owns 15,981 shares of the financial services provider’s stock worth $1,150,000 after buying an additional 1,150 shares during the period. Victory Capital Management Inc. raised its position in shares of East West Bancorp by 23.5% in the 4th quarter. Victory Capital Management Inc. now owns 364,702 shares of the financial services provider’s stock worth $26,240,000 after buying an additional 69,485 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of East West Bancorp by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 41,079 shares of the financial services provider’s stock worth $2,956,000 after buying an additional 11,332 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

East West Bancorp Stock Up 0.1 %

Shares of NASDAQ EWBC traded up $0.08 during midday trading on Thursday, reaching $75.09. 1,338,236 shares of the company’s stock were exchanged, compared to its average volume of 1,195,058. East West Bancorp, Inc. has a 52-week low of $41.12 and a 52-week high of $79.54. The stock has a market capitalization of $10.45 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.93 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.93. The business’s fifty day moving average price is $75.09 and its two-hundred day moving average price is $69.20.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. East West Bancorp had a return on equity of 17.43% and a net margin of 26.78%. The business had revenue of $644.13 million for the quarter, compared to analyst estimates of $636.77 million. During the same period in the previous year, the company earned $2.32 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts forecast that East West Bancorp, Inc. will post 7.99 EPS for the current year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, May 2nd. East West Bancorp’s dividend payout ratio is currently 27.71%.

Insiders Place Their Bets

In other East West Bancorp news, Director Molly Campbell sold 1,625 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total transaction of $125,547.50. Following the completion of the transaction, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $797,400.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other East West Bancorp news, Director Molly Campbell sold 1,625 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total transaction of $125,547.50. Following the completion of the transaction, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $797,400.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $73.58, for a total transaction of $147,160.00. Following the transaction, the director now directly owns 16,739 shares of the company’s stock, valued at $1,231,655.62. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on EWBC shares. Compass Point increased their target price on East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Keefe, Bruyette & Woods increased their target price on East West Bancorp from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of East West Bancorp in a research report on Wednesday, April 24th. Jefferies Financial Group raised their price objective on East West Bancorp from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Morgan Stanley raised their price objective on East West Bancorp from $76.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.08.

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.