4 days Ago By ABMN Staff
Russell Investments Group Ltd. reduced its holdings in East West Bancorp, Inc. ( NASDAQ:EWBC – Free Report ) by 2.
6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,980 shares of the financial services provider’s stock after selling 1,077 shares during the period. Russell Investments Group Ltd.
’s holdings in East West Bancorp were worth $3,924,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EWBC. Wilmington Savings Fund Society FSB acquired a new stake in shares of East West Bancorp in the third quarter valued at about $26,000.
Venturi Wealth Management LLC grew its stake in East West Bancorp by 73.2% in the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 175 shares in the last quarter.
Farther Finance Advisors LLC increased its position 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 during the last quarter.
UMB Bank n.a. raised its stake in shares of East West Bancorp by 83.
4% during the 4th quarter. UMB Bank n.a.
now owns 662 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 301 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of East West Bancorp in the 4th quarter valued at approximately $100,000. 89.
53% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of analysts have commented on the stock. UBS Group started coverage on shares of East West Bancorp in a research note on Tuesday, December 17th.
They issued a “neutral” rating and a $112.00 price target for the company. StockNews.
com downgraded East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. Wells Fargo & Company dropped their price target on 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. Piper Sandler reduced their price objective on shares of East West Bancorp from $100.00 to $97.
00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, DA Davidson decreased their price objective on shares of East West Bancorp from $120.00 to $118.
00 and set a “buy” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, East West Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $106.
46. East West Bancorp Stock Performance Shares of NASDAQ:EWBC opened at $75.81 on Wednesday.
The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.
46. East West Bancorp, Inc. has a 12-month low of $68.
27 and a 12-month high of $113.95. The company’s 50 day moving average price is $88.
30 and its two-hundred day moving average price is $94.98. The firm has a market cap of $10.
50 billion, a PE ratio of 9.10, a PEG ratio of 1.29 and a beta of 1.
09. East West Bancorp Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.
60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.
17%. The ex-dividend date was Monday, February 3rd. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.
55. East West Bancorp’s dividend payout ratio (DPR) is 28.81%.
Insider Buying and Selling at East West Bancorp In other East West Bancorp news, Director Jack C. Liu sold 1,275 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $104.
53, for a total transaction of $133,275.75. Following the sale, the director now directly owns 14,557 shares in the company, valued at $1,521,643.
21. This represents a 8.05 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, CEO Dominic Ng sold 20,181 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $90.
01, for a total transaction of $1,816,491.81. Following the completion of the transaction, the chief executive officer now owns 988,133 shares of the company’s stock, valued at $88,941,851.
33. The trade was a 2.00 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 62,181 shares of company stock valued at $5,625,732 in the last three months. Corporate insiders own 1.
04% of the company’s stock. East West Bancorp Company 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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