East West Bancorp, Inc. (NASDAQ:EWBC) is Stieven Capital Advisors L.P.'s 5th Largest Position

Stieven Capital Advisors L.P. increased its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 8.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 218,724 shares of the financial services provider's stock after purchasing an additional 16,500 shares during the period. East West Bancorp accounts for 3.8% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 5th largest position. Stieven Capital Advisors L.P. owned about 0.16% of East West Bancorp worth $19,633,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of East West Bancorp by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,197,068 shares of the financial services provider's stock valued at $1,359,511,000 after buying an additional 70,503 shares in the last quarter. FMR LLC grew its position in shares of East West Bancorp by 1.4% in the 4th quarter. FMR LLC now owns 7,990,468 shares of the financial services provider's stock worth $765,167,000 after buying an additional 107,665 shares during the last quarter. Invesco Ltd. lifted its stake in shares of East West Bancorp by 17.0% in the 4th quarter. Invesco Ltd. now owns 3,018,504 shares of the financial services provider's stock valued at $289,052,000 after purchasing an additional 437,676 shares during the period. Schroder Investment Management Group lifted its stake in shares of East West Bancorp by 6.9% in the 4th quarter. Schroder Investment Management Group now owns 2,831,862 shares of the financial services provider's stock valued at $272,652,000 after purchasing an additional 183,675 shares during the period. Finally, Boston Partners lifted its stake in shares of East West Bancorp by 23.1% in the 4th quarter. Boston Partners now owns 2,383,284 shares of the financial services provider's stock valued at $228,269,000 after purchasing an additional 447,057 shares during the period. Hedge funds and other institutional investors own 89.53% of the company's stock.

East West Bancorp Price Performance

Shares of NASDAQ:EWBC traded down $1.19 during mid-day trading on Friday, reaching $106.95. The stock had a trading volume of 830,053 shares, compared to its average volume of 932,354. 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 company has a market cap of $14.74 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. East West Bancorp, Inc. has a 1 year low of $68.27 and a 1 year high of $113.95. The business's 50 day moving average price is $96.04 and its 200 day moving average price is $92.89.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued 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. East West Bancorp had a return on equity of 15.23% and a net margin of 25.73%. The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $673.02 million. Research analysts expect that East West Bancorp, Inc. will post 8.85 EPS for the current fiscal year.

East West Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders 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 annualized dividend and a dividend yield of 2.24%. East West Bancorp's payout ratio is 28.64%.

Insider Activity at East West Bancorp

In other East West Bancorp news, 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 transaction, the executive vice president owned 14,849 shares in the company, valued at $1,411,248.96. The trade was a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dominic Ng sold 40,000 shares of the firm'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 completion of the sale, the chief executive officer directly owned 928,314 shares of the company's stock, valued at approximately $89,517,319.02. This represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on EWBC shares. Wells Fargo & Company lifted their price objective on East West Bancorp from $100.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley cut East West Bancorp from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $118.00 to $90.00 in a research note on Monday, April 7th. DA Davidson decreased their price target on East West Bancorp from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Citigroup boosted their price target on East West Bancorp from $100.00 to $116.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Truist Financial boosted their price target on East West Bancorp from $102.00 to $110.00 and gave the stock a "hold" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.85.

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.