Schroder Investment Management Group Buys 72,746 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Schroder Investment Management Group raised its position in shares of East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,462,062 shares of the financial services provider’s stock after acquiring an additional 72,746 shares during the period. Schroder Investment Management Group’s holdings in East West Bancorp were worth $177,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EWBC. Vanguard Group Inc. lifted its position in East West Bancorp by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 15,243,818 shares of the financial services provider’s stock valued at $803,502,000 after acquiring an additional 215,281 shares during the period. Capital International Investors grew its holdings in East West Bancorp by 1.4% in the fourth quarter. Capital International Investors now owns 11,582,254 shares of the financial services provider’s stock worth $833,469,000 after purchasing an additional 159,963 shares during the period. FMR LLC grew its holdings in East West Bancorp by 3.8% in the third quarter. FMR LLC now owns 8,416,534 shares of the financial services provider’s stock worth $443,635,000 after purchasing an additional 306,473 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in East West Bancorp by 30.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,215,701 shares of the financial services provider’s stock worth $231,370,000 after purchasing an additional 751,944 shares during the period. Finally, Boston Partners grew its holdings in East West Bancorp by 48.5% in the fourth quarter. Boston Partners now owns 2,713,987 shares of the financial services provider’s stock worth $195,279,000 after purchasing an additional 886,841 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

East West Bancorp Stock Performance

East West Bancorp stock traded down $0.29 during midday trading on Friday, reaching $72.00. 639,038 shares of the company traded hands, compared to its average volume of 1,096,969. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 3.66 and a beta of 1.33. The business has a 50 day moving average of $74.96 and a two-hundred day moving average of $72.72. East West Bancorp, Inc. has a 12 month low of $48.65 and a 12 month high of $79.54. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.93.

East West Bancorp (NASDAQ:EWBCGet Free Report) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. The business had revenue of $644.13 million during the quarter, compared to analysts’ expectations of $636.77 million. During the same period in the prior year, the company earned $2.32 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. As a group, research analysts predict that East West Bancorp, Inc. will post 8.03 earnings per share for the current year.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 3.06%. East West Bancorp’s dividend payout ratio is currently 27.71%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EWBC. Compass Point upped their price objective on shares of East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Keefe, Bruyette & Woods upped their price objective on shares of East West Bancorp from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Citigroup increased their price target on shares of East West Bancorp from $85.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Truist Financial cut their price target on shares of East West Bancorp from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Stephens increased their price target on shares of East West Bancorp from $85.00 to $86.00 and gave the company an “overweight” rating 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.08.

Get Our Latest Research Report on East West Bancorp

Insider Buying and Selling at East West Bancorp

In other news, insider Irene H. Oh sold 10,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total value of $775,800.00. Following the completion of the sale, the insider now directly owns 127,193 shares of the company’s stock, valued at $9,867,632.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $73.76, for a total value of $590,080.00. Following the completion of the sale, the insider now directly owns 57,403 shares of the company’s stock, valued at $4,234,045.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Irene H. Oh sold 10,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $77.58, for a total transaction of $775,800.00. Following the completion of the sale, the insider now directly owns 127,193 shares of the company’s stock, valued at $9,867,632.94. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.

East West Bancorp Profile

(Free Report)

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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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:EWBCFree Report).

Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

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