De Lisle Partners LLP Takes Position in East West Bancorp, Inc. $EWBC

De Lisle Partners LLP acquired a new stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) during the second quarter, according to its most recent filing with the SEC. The fund acquired 27,800 shares of the financial services provider’s stock, valued at approximately $3,588,000.

Other institutional investors have also added to or reduced their stakes in the company. Marathon Mission Inc. grew its holdings in East West Bancorp by 3.8% during the 2nd quarter. Marathon Mission Inc. now owns 2,566 shares of the financial services provider’s stock valued at $331,000 after buying an additional 93 shares in the last quarter. Quarry LP lifted its holdings in shares of East West Bancorp by 35.4% in the third quarter. Quarry LP now owns 390 shares of the financial services provider’s stock worth $42,000 after buying an additional 102 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of East West Bancorp by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 5,674 shares of the financial services provider’s stock worth $604,000 after buying an additional 102 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in shares of East West Bancorp by 1.1% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 9,195 shares of the financial services provider’s stock valued at $1,033,000 after acquiring an additional 102 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its position in shares of East West Bancorp by 1.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 6,404 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on EWBC shares. Barclays upped their target price on shares of East West Bancorp from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Truist Financial raised their price target on shares of East West Bancorp from $128.00 to $136.00 and gave the company a “hold” rating in a report on Friday, July 10th. Stephens boosted their price target on shares of East West Bancorp from $129.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. DA Davidson upped their price target on shares of East West Bancorp from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective on East West Bancorp from $128.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.92.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 800 shares of East West Bancorp stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $133.19, for a total transaction of $106,552.00. Following the completion of the sale, the insider owned 84,698 shares of the company’s stock, valued at $11,280,926.62. The trade was a 0.94% 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, Director Jack C. Liu sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $135.02, for a total value of $135,020.00. Following the completion of the transaction, the director owned 13,709 shares of the company’s stock, valued at $1,850,989.18. The trade was a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,511 shares of company stock worth $4,312,741 over the last 90 days. Corporate insiders own 0.94% of the company’s stock.

East West Bancorp Trading Up 0.1%

Shares of East West Bancorp stock opened at $129.97 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.88. East West Bancorp, Inc. has a 1 year low of $92.67 and a 1 year high of $137.47. The firm has a market cap of $17.81 billion, a PE ratio of 12.50, a PEG ratio of 1.51 and a beta of 0.94. The company has a 50 day simple moving average of $131.37 and a two-hundred day simple moving average of $121.97.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.02. The firm had revenue of $789.98 million for the quarter, compared to analyst estimates of $784.47 million. East West Bancorp had a net margin of 30.45% and a return on equity of 16.07%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.24 EPS. Analysts expect that East West Bancorp, Inc. will post 10.61 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 3rd. East West Bancorp’s dividend payout ratio is currently 30.77%.

East West Bancorp Profile

East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.

Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.