East West Bancorp, Inc. (NASDAQ:EWBC) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC grew its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,911 shares of the financial services provider’s stock after purchasing an additional 828 shares during the quarter. Pathstone Holdings LLC’s holdings in East West Bancorp were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EWBC. Covestor Ltd increased its holdings in shares of East West Bancorp by 7.4% in the 3rd quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 106 shares during the period. CIBC Asset Management Inc increased its holdings in shares of East West Bancorp by 2.8% in the 2nd quarter. CIBC Asset Management Inc now owns 4,753 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 128 shares during the period. Lindenwold Advisors INC increased its holdings in shares of East West Bancorp by 1.8% in the 3rd quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 129 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of East West Bancorp by 3.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,606 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 133 shares during the period. Finally, US Bancorp DE increased its holdings in shares of East West Bancorp by 7.8% in the 3rd quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insider Transactions at East West Bancorp

In other news, insider Irene H. Oh sold 10,000 shares of East West Bancorp stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total transaction of $985,000.00. Following the completion of the transaction, the insider now owns 117,193 shares of the company’s stock, valued at $11,543,510.50. The trade was a 7.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.00. Following the transaction, the insider now directly owns 45,403 shares of the company’s stock, valued at $4,840,413.83. This trade represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,969 shares of company stock valued at $2,458,276 in the last 90 days. 1.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

EWBC has been the topic of a number of recent research reports. Barclays lifted their target price on shares of East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Truist Financial lifted their target price on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on shares of East West Bancorp from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Piper Sandler lifted their price objective on shares of East West Bancorp from $87.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Compass Point lifted their price objective on shares of East West Bancorp from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

East West Bancorp Price Performance

Shares of NASDAQ EWBC opened at $110.05 on Thursday. The firm has a market capitalization of $15.26 billion, a P/E ratio of 13.90, a PEG ratio of 3.23 and a beta of 1.27. East West Bancorp, Inc. has a one year low of $60.34 and a one year high of $113.95. The company’s fifty day moving average is $94.18 and its two-hundred day moving average is $83.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping the consensus estimate of $2.06 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same period in the previous year, the firm earned $2.02 EPS. Analysts forecast that East West Bancorp, Inc. will post 8.37 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, November 4th. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

About East West Bancorp

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.