East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 789,613 shares of the financial services provider's stock after selling 208,329 shares during the quarter. Fisher Asset Management LLC owned approximately 0.56% of East West Bancorp worth $56,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EWBC. New York Life Investment Management LLC grew its position in shares of East West Bancorp by 7.8% in the fourth quarter. New York Life Investment Management LLC now owns 15,981 shares of the financial services provider's stock valued at $1,150,000 after purchasing an additional 1,150 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of East West Bancorp by 23.5% in the fourth quarter. Victory Capital Management Inc. now owns 364,702 shares of the financial services provider's stock valued at $26,240,000 after purchasing an additional 69,485 shares during the last quarter. Van ECK Associates Corp grew its position in shares of East West Bancorp by 38.1% in the fourth quarter. Van ECK Associates Corp now owns 41,079 shares of the financial services provider's stock valued at $2,956,000 after purchasing an additional 11,332 shares during the last quarter. Truist Financial Corp grew its position in shares of East West Bancorp by 66.3% in the fourth quarter. Truist Financial Corp now owns 25,827 shares of the financial services provider's stock valued at $1,858,000 after purchasing an additional 10,299 shares during the last quarter. Finally, Financial Perspectives Inc grew its position in shares of East West Bancorp by 23.0% in the fourth quarter. Financial Perspectives Inc now owns 1,274 shares of the financial services provider's stock valued at $92,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company's stock.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the business's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $73.58, for a total value of $147,160.00. Following the transaction, the director now owns 16,739 shares of the company's stock, valued at $1,231,655.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $73.58, for a total value of $147,160.00. Following the sale, the director now owns 16,739 shares of the company's stock, valued at $1,231,655.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Molly Campbell sold 1,625 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $77.26, for a total transaction of $125,547.50. Following the completion of the transaction, the director now owns 10,321 shares in the company, valued at $797,400.46. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EWBC shares. Keefe, Bruyette & Woods upped their target price on East West Bancorp from $82.00 to $85.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price target on East West Bancorp from $76.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Jefferies Financial Group boosted their price target on East West Bancorp from $86.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Stephens boosted their price target on East West Bancorp from $85.00 to $86.00 and gave the company an "overweight" rating in a research note on Wednesday, April 24th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $90.00 target price on shares of East West Bancorp in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.08.

East West Bancorp Stock Up 1.9 %

EWBC traded up $1.41 during midday trading on Friday, reaching $76.64. 1,173,505 shares of the company were exchanged, compared to its average volume of 1,017,462. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.94 and a beta of 1.38. East West Bancorp, Inc. has a one year low of $41.12 and a one year high of $79.54. The company's fifty day moving average price is $75.23 and its 200 day moving average price is $69.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.93.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.08. East West Bancorp had a return on equity of 17.43% and a net margin of 26.78%. The business had revenue of $644.13 million during the quarter, compared to the consensus estimate of $636.77 million. During the same quarter in the prior year, the company posted $2.32 earnings per share. East West Bancorp's revenue was down 2.4% compared to the same quarter last year. As a group, analysts expect that East West Bancorp, Inc. will post 7.99 EPS for the current year.

East West Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, May 2nd. East West Bancorp's payout ratio is 27.71%.

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.