Deutsche Bank AG Has $1.93 Million Stock Holdings in East West Bancorp, Inc. $EWBC

Key Points

• Deutsche Bank AG increased its holdings in East West Bancorp by 16.5%, acquiring an additional 3,052 shares, bringing their total to 21,516 shares valued at approximately $1.93 million.
• East West Bancorp reported earnings per share (EPS) of $2.28 for the last quarter, exceeding estimates and marking a 10.3% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.60 per share, representing a yield of 2.4% and a dividend payout ratio of 28.04%.

Deutsche Bank AG boosted its position in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 21,516 shares of the financial services provider's stock after purchasing an additional 3,052 shares during the period. Deutsche Bank AG's holdings in East West Bancorp were worth $1,931,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EWBC. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of East West Bancorp in the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management lifted its position in shares of East West Bancorp by 1,971.4% in the first quarter. Picton Mahoney Asset Management now owns 290 shares of the financial services provider's stock valued at $26,000 after buying an additional 276 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of East West Bancorp by 89.7% in the first quarter. Versant Capital Management Inc now owns 518 shares of the financial services provider's stock valued at $46,000 after buying an additional 245 shares during the last quarter. Grove Bank & Trust lifted its position in shares of East West Bancorp by 448.9% in the first quarter. Grove Bank & Trust now owns 516 shares of the financial services provider's stock valued at $46,000 after buying an additional 422 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of East West Bancorp in the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 89.53% of the company's stock.

Analysts Set New Price Targets

EWBC has been the subject of a number of recent analyst reports. Wall Street Zen cut East West Bancorp from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Jefferies Financial Group initiated coverage on East West Bancorp in a research report on Wednesday, May 21st. They issued a "buy" rating and a $115.00 price objective for the company. Truist Financial raised their price objective on East West Bancorp from $102.00 to $110.00 and gave the company a "hold" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods raised their price objective on East West Bancorp from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their target price on East West Bancorp from $100.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, East West Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.15.

Insider Activity at East West Bancorp

In related news, CEO Dominic Ng sold 40,000 shares of East West Bancorp stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $103.38, for a total value of $4,135,200.00. Following the transaction, the chief executive officer directly owned 888,314 shares of the company's stock, valued at $91,833,901.32. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jack C. Liu sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $105.00, for a total transaction of $105,000.00. Following the transaction, the director owned 14,974 shares of the company's stock, valued at approximately $1,572,270. This represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

East West Bancorp Price Performance

Shares of NASDAQ:EWBC traded up $4.49 during trading on Friday, reaching $105.20. 935,932 shares of the company traded hands, compared to its average volume of 749,619. The firm has a market capitalization of $14.50 billion, a PE ratio of 12.29, a PEG ratio of 1.43 and a beta of 0.97. East West Bancorp, Inc. has a 52 week low of $68.27 and a 52 week high of $113.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The company's 50 day moving average is $102.42 and its two-hundred day moving average is $93.57.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.05. The company had revenue of $705.00 million for the quarter, compared to analysts' expectations of $702.04 million. East West Bancorp had a return on equity of 15.09% and a net margin of 26.06%.East West Bancorp's revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $2.07 earnings per share. As a group, sell-side analysts predict that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.

East West Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 4th. East West Bancorp's dividend payout ratio is 28.04%.

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.