WINTON GROUP Ltd Invests $1.09 Million in East West Bancorp, Inc. $EWBC

WINTON GROUP Ltd bought a new position in East West Bancorp, Inc. (NASDAQ:EWBC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,712 shares of the financial services provider’s stock, valued at approximately $1,092,000.

Several other institutional investors have also recently made changes to their positions in the company. Prudential PLC lifted its holdings in shares of East West Bancorp by 486.3% in the 4th quarter. Prudential PLC now owns 16,715 shares of the financial services provider’s stock worth $1,879,000 after acquiring an additional 13,864 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of East West Bancorp by 48.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 874,152 shares of the financial services provider’s stock worth $98,246,000 after acquiring an additional 284,617 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of East West Bancorp in the 4th quarter worth about $244,000. Globeflex Capital L P bought a new stake in shares of East West Bancorp in the 4th quarter worth about $180,000. Finally, State of Wyoming lifted its holdings in shares of East West Bancorp by 160.4% in the 4th quarter. State of Wyoming now owns 3,872 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 2,385 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Insider Activity

In other news, CEO Dominic Ng sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $123.49, for a total value of $3,704,700.00. Following the completion of the sale, the chief executive officer owned 707,930 shares in the company, valued at approximately $87,422,275.70. The trade was a 4.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas Paul Krause sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $123.50, for a total transaction of $1,235,000.00. Following the completion of the sale, the insider owned 46,974 shares of the company’s stock, valued at approximately $5,801,289. This represents a 17.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 41,800 shares of company stock worth $5,165,690. 0.94% of the stock is currently owned by corporate insiders.

East West Bancorp Price Performance

East West Bancorp stock opened at $128.66 on Wednesday. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. East West Bancorp, Inc. has a 1 year low of $90.79 and a 1 year high of $130.10. The firm has a 50-day moving average of $119.91 and a two-hundred day moving average of $115.10.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.46 by $0.11. East West Bancorp had a net margin of 29.59% and a return on equity of 16.00%. The business had revenue of $773.75 million during the quarter, compared to analyst estimates of $767.80 million. During the same quarter in the previous year, the business posted $2.08 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that East West Bancorp, Inc. will post 10.6 earnings per share for the current year.

East West Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were issued a $0.80 dividend. The ex-dividend date was Monday, May 4th. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. East West Bancorp’s payout ratio is currently 31.97%.

Analyst Upgrades and Downgrades

EWBC has been the subject of several analyst reports. Truist Financial raised their target price on shares of East West Bancorp from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Barclays lowered their price objective on shares of East West Bancorp from $150.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. TD Cowen boosted their price objective on shares of East West Bancorp from $137.00 to $143.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Morgan Stanley lowered their price objective on shares of East West Bancorp from $141.00 to $128.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Finally, Piper Sandler boosted their price objective on shares of East West Bancorp from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.69.

East West Bancorp Profile

East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.

Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.