Measured Wealth Private Client Group LLC Makes New $260,000 Investment in East West Bancorp, Inc. (NASDAQ:EWBC)

Measured Wealth Private Client Group LLC purchased a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,615 shares of the financial services provider’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in East West Bancorp by 1.4% during the third quarter. Vanguard Group Inc. now owns 15,243,818 shares of the financial services provider’s stock worth $803,502,000 after purchasing an additional 215,281 shares during the last quarter. FMR LLC raised its holdings in East West Bancorp by 3.8% during the third quarter. FMR LLC now owns 8,416,534 shares of the financial services provider’s stock worth $443,635,000 after acquiring an additional 306,473 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in East West Bancorp by 3.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,463,757 shares of the financial services provider’s stock valued at $129,865,000 after purchasing an additional 72,282 shares during the last quarter. Boston Partners grew its stake in East West Bancorp by 36.4% in the third quarter. Boston Partners now owns 1,827,146 shares of the financial services provider’s stock valued at $96,313,000 after purchasing an additional 487,418 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of East West Bancorp by 19.8% during the 3rd quarter. Invesco Ltd. now owns 1,174,237 shares of the financial services provider’s stock worth $61,894,000 after purchasing an additional 193,850 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Molly Campbell sold 1,625 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $77.26, for a total transaction of $125,547.50. Following the completion of the sale, the director now directly owns 10,321 shares in the company, valued at approximately $797,400.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Molly Campbell sold 1,625 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $77.26, for a total value of $125,547.50. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at $797,400.46. The transaction was disclosed in a legal 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 Thursday, February 29th. The stock was sold at an average price of $73.58, for a total transaction of $147,160.00. Following the sale, the director now owns 16,739 shares in the company, valued at $1,231,655.62. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EWBC. Barclays started coverage on shares of East West Bancorp in a research note on Friday, March 8th. They issued an “overweight” rating and a $106.00 target price for the company. Truist Financial dropped their target price on shares of East West Bancorp from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Piper Sandler lifted their price target on East West Bancorp from $72.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Jefferies Financial Group upped their price objective on East West Bancorp from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Compass Point lifted their target price on East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, East West Bancorp currently has an average rating of “Moderate Buy” and an average target price of $84.08.

East West Bancorp Stock Performance

Shares of EWBC traded up $1.41 during midday trading on Friday, reaching $76.64. 1,173,505 shares of the stock were exchanged, compared to its average volume of 1,017,462. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $75.23 and its 200 day simple moving average is $69.52. East West Bancorp, Inc. has a twelve month low of $41.12 and a twelve month high of $79.54. The company has a market cap of $10.66 billion, a P/E ratio of 9.65, a PEG ratio of 0.96 and a beta of 1.38.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.08. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. The business had revenue of $644.13 million during the quarter, compared to analysts’ expectations of $636.77 million. During the same quarter in the previous year, the company earned $2.32 EPS. The business’s revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts expect that East West Bancorp, Inc. will post 7.99 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, May 2nd. East West Bancorp’s dividend payout ratio is currently 27.71%.

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.