East West Bancorp, Inc. (NASDAQ:EWBC) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,357 shares of the financial services provider's stock after buying an additional 7,837 shares during the period. Quantinno Capital Management LP's holdings in East West Bancorp were worth $2,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in East West Bancorp in the fourth quarter worth $26,000. Venturi Wealth Management LLC increased its stake in East West Bancorp by 73.2% in the 4th quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider's stock worth $40,000 after buying an additional 175 shares during the period. Farther Finance Advisors LLC lifted its holdings in East West Bancorp by 119.1% during the 4th quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider's stock valued at $54,000 after buying an additional 306 shares in the last quarter. UMB Bank n.a. boosted its position in East West Bancorp by 83.4% in the 4th quarter. UMB Bank n.a. now owns 662 shares of the financial services provider's stock valued at $63,000 after buying an additional 301 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in East West Bancorp in the 4th quarter valued at about $100,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

East West Bancorp Stock Down 0.7%

Shares of EWBC traded down $0.61 during midday trading on Monday, hitting $90.33. 434,552 shares of the company's stock traded hands, compared to its average volume of 921,423. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. East West Bancorp, Inc. has a 1 year low of $68.27 and a 1 year high of $113.95. The firm's fifty day moving average is $85.38 and its 200-day moving average is $94.30.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. East West Bancorp's dividend payout ratio (DPR) is presently 28.64%.

Insider Transactions at East West Bancorp

In other news, CEO Dominic Ng sold 19,819 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total value of $1,783,710.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lisa L. Kim sold 2,100 shares of East West Bancorp stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $95.04, for a total value of $199,584.00. Following the sale, the executive vice president now directly owns 14,849 shares of the company's stock, valued at $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. Over the last three months, insiders have sold 102,281 shares of company stock valued at $9,473,478. Corporate insiders own 1.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EWBC. Wells Fargo & Company lowered 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. Jefferies Financial Group initiated coverage on East West Bancorp in a research report on Wednesday, May 21st. They set a "buy" rating and a $115.00 price target on the stock. Truist Financial assumed coverage on East West Bancorp in a report on Tuesday, May 13th. They issued a "hold" rating and a $102.00 price objective for the company. Wall Street Zen cut shares of East West Bancorp from a "hold" rating to a "sell" rating in a report on Thursday. Finally, DA Davidson reduced 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, April 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.85.

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.