Measured Wealth Private Client Group LLC Buys New Shares in East West Bancorp, Inc. (NASDAQ:EWBC)

Measured Wealth Private Client Group LLC acquired a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,615 shares of the financial services provider’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of East West Bancorp by 40,757.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,370 shares of the financial services provider’s stock worth $7,437,000 after buying an additional 103,117 shares during the last quarter. Federated Hermes Inc. lifted its holdings in East West Bancorp by 5.0% in the third quarter. Federated Hermes Inc. now owns 31,667 shares of the financial services provider’s stock worth $1,669,000 after acquiring an additional 1,501 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in East West Bancorp by 92.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 48,562 shares of the financial services provider’s stock valued at $2,560,000 after acquiring an additional 23,361 shares during the period. Vanguard Group Inc. grew its holdings in shares of 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 valued at $803,502,000 after purchasing an additional 215,281 shares during the last quarter. Finally, Trillium Asset Management LLC raised its position in shares of East West Bancorp by 12.2% during the 3rd quarter. Trillium Asset Management LLC now owns 279,179 shares of the financial services provider’s stock worth $14,715,000 after purchasing an additional 30,466 shares during the period. 89.53% of the stock is owned by institutional investors.

East West Bancorp Price Performance

Shares of NASDAQ EWBC traded up $1.41 during mid-day trading on Friday, reaching $76.64. 1,173,505 shares of the company traded hands, compared to its average volume of 1,017,462. East West Bancorp, Inc. has a fifty-two week low of $41.12 and a fifty-two week high of $79.54. The firm has a market cap of $10.66 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.38. The stock has a fifty day simple moving average of $75.23 and a 200-day simple moving average of $69.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.93.

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

East West Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $0.55 dividend. 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 payout ratio is 27.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EWBC. Keefe, Bruyette & Woods boosted their price objective on East West Bancorp from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Stephens boosted their price target on shares of East West Bancorp from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Barclays initiated coverage on shares of East West Bancorp in a report on Friday, March 8th. They issued an “overweight” rating and a $106.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of East West Bancorp from $76.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, Truist Financial decreased their target price on shares of East West Bancorp from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.08.

Insider Activity

In related news, Director Molly Campbell sold 1,625 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total value of $125,547.50. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jack C. Liu sold 2,000 shares of the business’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 sale, the director now directly owns 16,739 shares of the company’s stock, valued at $1,231,655.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Molly Campbell sold 1,625 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total value of $125,547.50. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $797,400.46. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

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.