Whittier Trust Co. of Nevada Inc. Has $13.77 Million Position in East West Bancorp, Inc. $EWBC

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in East West Bancorp by 3.3%, holding 136,390 shares valued at approximately $13.77 million as of the latest SEC filing.
• East West Bancorp reported $2.08 earnings per share for the last quarter, with a revenue of $627.36 million and a net margin of 26.06%.
• Analysts are optimistic about East West Bancorp, with a consensus rating of "Moderate Buy" and an average target price of $121.33 per share.

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,390 shares of the financial services provider's stock after buying an additional 4,409 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.10% of East West Bancorp worth $13,773,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Beverly Hills Private Wealth LLC boosted its stake in East West Bancorp by 4.9% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 2,630 shares of the financial services provider's stock valued at $266,000 after buying an additional 122 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of East West Bancorp by 3.7% in the 1st quarter. Applied Finance Capital Management LLC now owns 3,444 shares of the financial services provider's stock valued at $309,000 after purchasing an additional 123 shares in the last quarter. Ransom Advisory Ltd boosted its stake in shares of East West Bancorp by 60.0% in the 2nd quarter. Ransom Advisory Ltd now owns 400 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 150 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of East West Bancorp by 5.8% in the 2nd quarter. QRG Capital Management Inc. now owns 2,722 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 150 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of East West Bancorp by 12.7% in the 2nd quarter. UMB Bank n.a. now owns 1,539 shares of the financial services provider's stock valued at $155,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company's stock.

East West Bancorp Stock Up 2.4%

Shares of NASDAQ EWBC opened at $98.32 on Tuesday. The firm's 50-day simple moving average is $105.03 and its 200 day simple moving average is $97.61. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. East West Bancorp, Inc. has a 12-month low of $68.27 and a 12-month high of $113.95.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its quarterly earnings results on Monday, December 11th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter. The business had revenue of $627.36 million for the quarter. East West Bancorp had a net margin of 26.06% and a return on equity of 15.09%. On average, research analysts expect that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 15,051 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $106.73, for a total transaction of $1,606,393.23. Following the transaction, the insider directly owned 113,353 shares in the company, valued at approximately $12,098,165.69. This represents a 11.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dominic Ng sold 40,000 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $103.38, for a total transaction of $4,135,200.00. Following the transaction, the chief executive officer owned 888,314 shares in the company, valued at approximately $91,833,901.32. The trade was a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,240 shares of company stock valued at $7,379,678. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EWBC has been the topic of several recent analyst reports. Piper Sandler boosted their target price on shares of East West Bancorp from $100.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. TD Cowen initiated coverage on shares of East West Bancorp in a research note on Thursday, September 25th. They issued a "buy" rating and a $139.00 target price on the stock. Barclays boosted their target price on shares of East West Bancorp from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Weiss Ratings restated a "buy (b-)" rating on shares of East West Bancorp in a research note on Wednesday, October 8th. Finally, Truist Financial set a $112.00 target price on shares of East West Bancorp in a research note on Friday, October 10th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.33.

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.

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