iSAM Funds UK Ltd Takes $869,000 Position in East West Bancorp, Inc. (NASDAQ:EWBC)

iSAM Funds UK Ltd acquired a new position in East West Bancorp, Inc. (NASDAQ:EWBC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,076 shares of the financial services provider’s stock, valued at approximately $869,000.

Other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in East West Bancorp during the 4th quarter worth about $26,000. Venturi Wealth Management LLC increased its stake in shares of East West Bancorp by 73.2% in the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider’s stock valued at $40,000 after buying an additional 175 shares during the period. Farther Finance Advisors LLC raised its position in shares of East West Bancorp by 119.1% during the fourth quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 306 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of East West Bancorp by 83.4% in the fourth quarter. UMB Bank n.a. now owns 662 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 301 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in East West Bancorp in the fourth quarter valued at approximately $100,000. Institutional investors own 89.53% of the company’s stock.

East West Bancorp Price Performance

Shares of EWBC opened at $95.06 on Tuesday. The business’s fifty day moving average is $85.06 and its 200 day moving average is $94.55. East West Bancorp, Inc. has a 12-month low of $68.27 and a 12-month high of $113.95. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.10 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.29 and a beta of 0.90.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. The firm had revenue of $693.00 million for the quarter, compared to analyst estimates of $673.02 million. East West Bancorp had a net margin of 25.73% and a return on equity of 15.71%. Sell-side analysts anticipate that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.52%. East West Bancorp’s dividend payout ratio (DPR) is currently 28.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EWBC. StockNews.com downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, March 28th. Truist Financial assumed coverage on shares of East West Bancorp in a report on Tuesday, May 13th. They issued a “hold” rating and a $102.00 target price on the stock. Wells Fargo & Company decreased their price target on East West Bancorp from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Morgan Stanley lowered East West Bancorp from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $118.00 to $90.00 in a research report on Monday, April 7th. Finally, DA Davidson cut their target price on East West Bancorp from $118.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.54.

Insider Buying and Selling at East West Bancorp

In other news, CEO Dominic Ng sold 40,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $96.43, for a total value of $3,857,200.00. Following the completion of the sale, the chief executive officer now owns 928,314 shares in the company, valued at $89,517,319.02. This represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lisa L. Kim sold 2,100 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $95.04, for a total transaction of $199,584.00. Following the transaction, the executive vice president now owns 14,849 shares in the company, valued at approximately $1,411,248.96. This trade represents a 12.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,281 shares of company stock worth $9,473,478. Insiders own 1.04% of the company’s stock.

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.