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

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in shares of East West Bancorp by 3.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,171 shares of the financial services provider's stock valued at $974,000 after acquiring an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of East West Bancorp by 1,667.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 670,156 shares of the financial services provider's stock valued at $64,174,000 after acquiring an additional 632,245 shares during the period. FORA Capital LLC acquired a new stake in shares of East West Bancorp during the 4th quarter valued at approximately $1,072,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of East West Bancorp by 18.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,320 shares of the financial services provider's stock valued at $9,699,000 after acquiring an additional 15,475 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of East West Bancorp by 10.0% during the 4th quarter. Fisher Asset Management LLC now owns 755,555 shares of the financial services provider's stock valued at $72,352,000 after acquiring an additional 68,528 shares during the period. Institutional investors and hedge funds own 89.53% of the company's stock.

East West Bancorp Trading Down 0.7%

EWBC stock traded down $0.61 during midday trading on Friday, hitting $90.33. The stock had a trading volume of 434,552 shares, compared to its average volume of 921,423. The firm has a market cap of $12.45 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. The company's 50-day moving average price is $85.38 and its 200 day moving average price is $94.35. East West Bancorp, Inc. has a 12-month low of $68.27 and a 12-month high of $113.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92.

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 for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $673.02 million. East West Bancorp had a net margin of 25.73% and a return on equity of 15.71%. On average, equities research analysts predict that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EWBC shares. Piper Sandler dropped their price objective on shares of East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Wall Street Zen cut shares of East West Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday. Jefferies Financial Group started coverage on shares of East West Bancorp in a research note on Wednesday. They set a "buy" rating and a $115.00 price objective for the company. Barclays raised their price objective on shares of East West Bancorp from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Finally, Truist Financial started coverage on shares of East West Bancorp in a research note on Tuesday, May 13th. They set a "hold" rating and a $102.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, East West Bancorp has an average rating of "Moderate Buy" and a consensus target price of $107.85.

Insider Buying and Selling at East West Bancorp

In related news, EVP Lisa L. Kim sold 2,100 shares of East West Bancorp stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $95.04, for a total transaction of $199,584.00. Following the transaction, the executive vice president now owns 14,849 shares in the company, valued at approximately $1,411,248.96. The trade was a 12.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dominic Ng sold 20,181 shares of East West Bancorp stock in a transaction on Friday, March 7th. The shares were sold at an average price of $90.01, for a total transaction of $1,816,491.81. Following the transaction, the chief executive officer now owns 988,133 shares in the company, valued at $88,941,851.33. The trade was a 2.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,281 shares of company stock worth $9,473,478 in the last quarter. 1.04% of the stock is owned by insiders.

About East West Bancorp

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.