Brinker Capital Investments LLC Purchases 392 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Brinker Capital Investments LLC boosted its position in shares of East West Bancorp, Inc. (NASDAQ:EWBCGet Rating) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,066 shares of the financial services provider’s stock after acquiring an additional 392 shares during the period. Brinker Capital Investments LLC’s holdings in East West Bancorp were worth $676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tobam bought a new position in East West Bancorp during the second quarter valued at about $32,000. NewSquare Capital LLC increased its stake in East West Bancorp by 1,515.6% during the third quarter. NewSquare Capital LLC now owns 517 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 485 shares during the period. Ellevest Inc. grew its stake in shares of East West Bancorp by 763.0% in the 2nd quarter. Ellevest Inc. now owns 630 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 557 shares during the period. First Horizon Advisors Inc. grew its stake in shares of East West Bancorp by 73.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 844 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 356 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of East West Bancorp by 100.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 881 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 441 shares during the period. 88.68% of the stock is currently owned by institutional investors.

Insider Transactions at East West Bancorp

In other news, Vice Chairman Douglas Paul Krause sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $72.43, for a total value of $362,150.00. Following the transaction, the insider now directly owns 52,435 shares of the company’s stock, valued at approximately $3,797,867.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by company insiders.

East West Bancorp Stock Up 2.5 %

Shares of EWBC opened at $69.76 on Tuesday. The company has a market capitalization of $9.83 billion, a P/E ratio of 9.87, a PEG ratio of 0.78 and a beta of 1.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. East West Bancorp, Inc. has a one year low of $61.65 and a one year high of $93.51. The business’s 50 day simple moving average is $66.90 and its 200-day simple moving average is $69.63.

Analysts Set New Price Targets

EWBC has been the topic of several analyst reports. Wells Fargo & Company lowered their price objective on East West Bancorp from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, December 15th. StockNews.com initiated coverage on East West Bancorp in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Piper Sandler upped their price objective on East West Bancorp to $75.00 in a research note on Friday, September 30th. Finally, Morgan Stanley initiated coverage on East West Bancorp in a research note on Monday, December 5th. They issued an “equal weight” rating and a $84.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $81.67.

East West Bancorp Company Profile

(Get Rating)

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. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits.

Further Reading

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

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