Schonfeld Strategic Advisors LLC Has $2.86 Million Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Schonfeld Strategic Advisors LLC grew its stake in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 100.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,846 shares of the financial services provider's stock after purchasing an additional 14,952 shares during the period. Schonfeld Strategic Advisors LLC's holdings in East West Bancorp were worth $2,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EWBC. Wilmington Savings Fund Society FSB acquired a new stake in East West Bancorp during the third quarter worth about $26,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of East West Bancorp in the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC lifted its position 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 worth $40,000 after acquiring an additional 175 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of East West Bancorp by 119.1% during the 4th quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider's stock worth $54,000 after purchasing an additional 306 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of East West Bancorp by 83.4% during the fourth quarter. UMB Bank n.a. now owns 662 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 301 shares during the period. Institutional investors own 89.53% of the company's stock.

Insider Activity at East West Bancorp

In other East West Bancorp news, CEO Dominic Ng sold 19,819 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total transaction of $1,783,710.00. Following the transaction, the chief executive officer now directly owns 968,314 shares in the company, valued at approximately $87,148,260. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 60,181 shares of company stock worth $5,416,694 over the last 90 days. Insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EWBC shares. StockNews.com lowered shares of East West Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. DA Davidson cut their target price on East West Bancorp from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays upped their price target on East West Bancorp from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. 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. Finally, Wells Fargo & Company reduced their target price on shares of 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 analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.46.

East West Bancorp Trading Up 2.6 %

Shares of NASDAQ EWBC opened at $89.11 on Monday. East West Bancorp, Inc. has a 1-year low of $68.27 and a 1-year high of $113.95. The company has a 50-day moving average of $84.54 and a two-hundred day moving average of $94.80. The company has a market cap of $12.34 billion, a PE ratio of 10.70, a P/E/G ratio of 1.29 and a beta of 0.90. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.04. The firm had revenue of $693.00 million during the quarter, compared to analysts' expectations of $673.02 million. East West Bancorp had a net margin of 25.73% and a return on equity of 15.71%. As a group, equities analysts expect that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, May 2nd. East West Bancorp's dividend payout ratio (DPR) is presently 28.64%.

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.

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