East West Bancorp, Inc. (NASDAQ:EWBC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 25.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 28,287 shares of the financial services provider's stock after purchasing an additional 5,654 shares during the quarter. Janney Montgomery Scott LLC's holdings in East West Bancorp were worth $2,539,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of East West Bancorp by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 14,197,068 shares of the financial services provider's stock worth $1,359,511,000 after acquiring an additional 70,503 shares during the last quarter. FMR LLC grew its holdings in shares of East West Bancorp by 1.4% during the fourth quarter. FMR LLC now owns 7,990,468 shares of the financial services provider's stock valued at $765,167,000 after buying an additional 107,665 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of East West Bancorp by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,418,840 shares of the financial services provider's stock valued at $423,148,000 after buying an additional 186,887 shares in the last quarter. Invesco Ltd. grew its holdings in shares of East West Bancorp by 17.0% during the fourth quarter. Invesco Ltd. now owns 3,018,504 shares of the financial services provider's stock valued at $289,052,000 after buying an additional 437,676 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of East West Bancorp by 6.9% during the fourth quarter. Schroder Investment Management Group now owns 2,831,862 shares of the financial services provider's stock valued at $272,652,000 after buying an additional 183,675 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Lisa L. Kim sold 2,100 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $95.04, for a total transaction of $199,584.00. Following the completion of the transaction, the executive vice president now owns 14,849 shares of the company's stock, valued at approximately $1,411,248.96. The trade was a 12.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dominic Ng sold 40,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $96.43, for a total value of $3,857,200.00. Following the transaction, the chief executive officer now directly owns 928,314 shares of the company's stock, valued at $89,517,319.02. This represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

East West Bancorp Price Performance

EWBC opened at $98.83 on Thursday. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.34 and a beta of 0.92. East West Bancorp, Inc. has a 1 year low of $68.27 and a 1 year high of $113.95. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $90.60 and a 200 day moving average price of $92.37.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $673.02 million. East West Bancorp had a return on equity of 15.23% and a net margin of 25.73%. Analysts forecast that East West Bancorp, Inc. will post 8.85 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. East West Bancorp's dividend payout ratio is currently 28.64%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on East West Bancorp in a report on Wednesday, May 21st. They set a "buy" rating and a $115.00 price target on the stock. Wells Fargo & Company lowered their price target on East West Bancorp from $120.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen downgraded East West Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Truist Financial assumed coverage on East West Bancorp in a report on Tuesday, May 13th. They set a "hold" rating and a $102.00 price target on the stock. Finally, Barclays lifted their price target on East West Bancorp from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, East West Bancorp has a consensus rating of "Moderate Buy" and an average price target of $107.85.

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.

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