GTS Securities LLC Invests $562,000 in East West Bancorp, Inc. (NASDAQ:EWBC)

GTS Securities LLC acquired a new stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,868 shares of the financial services provider's stock, valued at approximately $562,000.

A number of other hedge funds also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of East West Bancorp in the fourth quarter worth about $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 purchasing an additional 175 shares during the period. Farther Finance Advisors LLC lifted its position in East West Bancorp by 119.1% in the fourth quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 306 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of East West Bancorp during the fourth quarter valued at approximately $100,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of East West Bancorp by 46.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,093 shares of the financial services provider's stock worth $105,000 after purchasing an additional 349 shares during the last quarter. Institutional investors own 89.53% of the company's stock.

Insider Activity

In other news, CEO Dominic Ng sold 20,181 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 988,133 shares of the company's stock, valued at $88,941,851.33. The trade was a 2.00% 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, EVP Lisa L. Kim sold 2,100 shares of East West Bancorp stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $95.04, for a total value of $199,584.00. Following the completion of the sale, the executive vice president now directly owns 14,849 shares of the company's stock, valued at $1,411,248.96. The trade was a 12.39% 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 valued at $9,473,478 over the last ninety days. 1.04% of the stock is currently owned by corporate insiders.

East West Bancorp Stock Down 0.9%

Shares of EWBC traded down $0.82 during trading hours on Friday, hitting $91.20. The company had a trading volume of 826,752 shares, compared to its average volume of 922,660. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.29 and a beta of 0.90. The firm has a fifty day moving average price of $85.45 and a 200-day moving average price of $94.09. East West Bancorp, Inc. has a 52-week low of $68.27 and a 52-week high of $113.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. East West Bancorp had a net margin of 25.73% and a return on equity of 15.71%. The business had revenue of $693.00 million during the quarter, compared to analysts' expectations of $673.02 million. On average, equities research analysts forecast 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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, May 2nd. East West Bancorp's dividend payout ratio is currently 28.64%.

Wall Street Analysts Forecast Growth

EWBC has been the subject of several analyst reports. Barclays increased their price target on shares of East West Bancorp from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. 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 research report on Wednesday, April 9th. Jefferies Financial Group initiated coverage on East West Bancorp in a research note on Wednesday, May 21st. They set a "buy" rating and a $115.00 target price on the stock. Wall Street Zen downgraded East West Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Truist Financial began coverage on shares of East West Bancorp in a report on Tuesday, May 13th. They issued 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 assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.