iSAM Funds UK Ltd Makes New $869,000 Investment in East West Bancorp, Inc. (NASDAQ:EWBC)

iSAM Funds UK Ltd purchased a new position in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,076 shares of the financial services provider's stock, valued at approximately $869,000.

A number of other large investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of East West Bancorp in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its holdings in shares of 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 valued at $40,000 after buying an additional 175 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of East West Bancorp by 119.1% in 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 during the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of East West Bancorp in the 4th quarter valued at approximately $100,000. Institutional investors and hedge funds own 89.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EWBC shares. Truist Financial started 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. Morgan Stanley downgraded East West Bancorp from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $118.00 to $90.00 in a report on Monday, April 7th. Piper Sandler cut their price objective on East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a report on Monday, January 27th. StockNews.com cut East West Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. Finally, Wells Fargo & Company dropped their price target on East West Bancorp from $120.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, East West Bancorp has a consensus rating of "Moderate Buy" and an average target price of $105.54.

East West Bancorp Stock Down 0.5%

EWBC stock opened at $95.06 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.29 and a beta of 0.90. The business's fifty day moving average price is $85.06 and its two-hundred day moving average price is $94.55. East West Bancorp, Inc. has a fifty-two week low of $68.27 and a fifty-two week high of $113.95.

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, topping the consensus estimate 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 return on equity of 15.71% and a net margin of 25.73%. On average, equities analysts anticipate that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.

East West Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders 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 yield of 2.52%. East West Bancorp's dividend payout ratio is currently 28.64%.

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 that occurred 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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dominic Ng sold 20,181 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was 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 of the company's stock, valued at approximately $88,941,851.33. This represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,281 shares of company stock worth $9,473,478 over the last three months. Corporate insiders own 1.04% of the company's stock.

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.

Want to see what other hedge funds are holding EWBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for East West Bancorp, Inc. (NASDAQ:EWBC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.