Capital International Investors Decreases Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Capital International Investors trimmed its holdings in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,108,531 shares of the financial services provider's stock after selling 636,536 shares during the quarter. Capital International Investors owned approximately 6.57% of East West Bancorp worth $872,305,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EWBC. Wilmington Savings Fund Society FSB purchased a new position in East West Bancorp during the third quarter valued at $26,000. Venturi Wealth Management LLC boosted its holdings in shares of East West Bancorp by 73.2% during the 4th quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 175 shares during the last quarter. Farther Finance Advisors LLC grew 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 valued at $54,000 after purchasing an additional 306 shares in the last quarter. UMB Bank n.a. lifted its position 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 buying an additional 301 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in East West Bancorp during the fourth quarter valued at approximately $100,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at East West Bancorp

In other news, CEO Dominic Ng sold 19,819 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total transaction of $1,783,710.00. Following the transaction, the chief executive officer now directly owns 968,314 shares in the company, valued at approximately $87,148,260. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack C. Liu sold 1,275 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $104.53, for a total transaction of $133,275.75. Following the completion of the transaction, the director now directly owns 14,557 shares of the company's stock, valued at $1,521,643.21. This trade represents a 8.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,181 shares of company stock valued at $5,625,732. 1.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on EWBC. Piper Sandler cut their target price on shares of East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Wells Fargo & Company dropped their price objective on shares of East West Bancorp from $120.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. DA Davidson lowered their price target on shares of East West Bancorp from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday. Morgan Stanley cut East West Bancorp from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $118.00 to $90.00 in a research note on Monday, April 7th. Finally, Barclays lifted their target price on East West Bancorp from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.46.

East West Bancorp Trading Up 1.2 %

EWBC traded up $1.02 on Thursday, reaching $85.46. 444,639 shares of the company traded hands, compared to its average volume of 923,856. 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 company has a market cap of $11.83 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. The firm has a fifty day simple moving average of $85.91 and a two-hundred day simple moving average of $94.76. East West Bancorp, Inc. has a one year low of $68.27 and a one year high of $113.95.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $673.02 million. East West Bancorp had a return on equity of 15.71% and a net margin of 25.73%. As a group, equities research analysts expect that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.

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.