Deutsche Bank AG Invests $3.25 Million in East West Bancorp, Inc. $EWBC

Key Points

• Deutsche Bank initiated a $3.25 million position in East West Bancorp during the second quarter, purchasing 25,179 shares. Institutional investors collectively own 89.53% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $141.92; Wells Fargo and Cantor Fitzgerald set targets of $155 and $152, respectively.
• East West Bancorp exceeded quarterly expectations, reporting $2.63 in EPS and $789.98 million in revenue, while revenue increased 12.5% year over year. The company also pays a quarterly dividend of $0.80, yielding approximately 2.5% annually.

Deutsche Bank AG bought a new position in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,179 shares of the financial services provider's stock, valued at approximately $3,250,000.

Other institutional investors also recently bought and sold shares of the company. Marathon Mission Inc. boosted its holdings in shares of 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 purchasing an additional 93 shares during the last quarter. Quarry LP lifted its position 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 boosted its stake in East West Bancorp by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 5,674 shares of the financial services provider's stock valued at $604,000 after buying an additional 102 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in East West Bancorp by 1.1% during 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 buying an additional 102 shares during the last quarter. Finally, Swiss Life Asset Management Ltd grew its holdings in East West Bancorp by 1.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 6,404 shares of the financial services provider's stock valued at $720,000 after buying an additional 104 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Irene H. Oh sold 11,211 shares of East West Bancorp stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $129.00, for a total transaction of $1,446,219.00. Following the completion of the transaction, the insider directly owned 85,998 shares of the company's stock, valued at approximately $11,093,742. The trade was a 11.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Douglas Paul Krause sold 10,000 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $132.37, for a total transaction of $1,323,700.00. Following the transaction, the insider owned 36,974 shares in the company, valued at $4,894,248.38. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 23,511 shares of company stock valued at $3,077,741. Company insiders own 0.94% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on EWBC shares. Wells Fargo & Company initiated coverage on East West Bancorp in a report on Monday, August 10th. They set an "overweight" rating and a $155.00 price objective on the stock. Wall Street Zen raised shares of East West Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of East West Bancorp in a research note on Friday, July 10th. Truist Financial lifted their price objective on shares of East West Bancorp from $128.00 to $136.00 and gave the stock a "hold" rating in a research note on Friday, July 10th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $152.00 target price on shares of East West Bancorp in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, East West Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.92.

East West Bancorp Stock Performance

NASDAQ EWBC opened at $130.43 on Thursday. The business's 50 day moving average price is $131.37 and its 200-day moving average price is $122.29. East West Bancorp, Inc. has a fifty-two week low of $92.67 and a fifty-two week high of $137.47. The company has a market cap of $17.87 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 0.88.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.61 by $0.02. The company had revenue of $789.98 million during the quarter, compared to the consensus estimate of $784.47 million. East West Bancorp had a return on equity of 16.07% and a net margin of 30.45%.East West Bancorp's revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $2.24 earnings per share. Sell-side analysts predict that East West Bancorp, Inc. will post 10.61 earnings per share for the current year.

East West Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 3rd. East West Bancorp's dividend payout ratio (DPR) is 30.77%.

East West Bancorp Company 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.

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