Yousif Capital Management LLC Has $4.85 Million Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Yousif Capital Management LLC lessened its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC – Get Rating) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,585 shares of the financial services provider’s stock after selling 553 shares during the period. Yousif Capital Management LLC owned 0.05% of East West Bancorp worth $4,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its holdings in East West Bancorp by 6.2% during the first quarter. Captrust Financial Advisors now owns 2,776 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 162 shares during the last quarter. IFP Advisors Inc grew its stake in shares of East West Bancorp by 23.9% in the third quarter. IFP Advisors Inc now owns 892 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 172 shares during the last quarter. Citizens Financial Group Inc RI grew its stake in shares of East West Bancorp by 3.2% in the third quarter. Citizens Financial Group Inc RI now owns 5,799 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 179 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of East West Bancorp by 22.3% in the third quarter. First Horizon Advisors Inc. now owns 1,032 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 188 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of East West Bancorp by 0.4% in the third quarter. Prudential Financial Inc. now owns 53,034 shares of the financial services provider’s stock worth $3,585,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.

Insider Buying and Selling at East West Bancorp

In related news, CFO Irene H. Oh acquired 10,000 shares of the business’s stock in a transaction on Monday, March 13th. The stock was bought at an average cost of $49.51 per share, with a total value of $495,100.00. Following the completion of the acquisition, the chief financial officer now owns 124,925 shares in the company, valued at $6,185,036.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $77.00, for a total value of $154,000.00. Following the completion of the sale, the director now directly owns 17,136 shares in the company, valued at $1,319,472. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Irene H. Oh bought 10,000 shares of the stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of $49.51 per share, with a total value of $495,100.00. Following the completion of the purchase, the chief financial officer now owns 124,925 shares of the company’s stock, valued at approximately $6,185,036.75. The disclosure for this purchase can be found here. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

EWBC has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of East West Bancorp in a research note on Thursday. They issued a “hold” rating on the stock. Truist Financial raised their price objective on shares of East West Bancorp from $77.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. UBS Group initiated coverage on shares of East West Bancorp in a research note on Wednesday. They issued a “neutral” rating and a $63.00 price objective on the stock. Morgan Stanley raised their price objective on shares of East West Bancorp from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Friday, January 27th. Finally, Wells Fargo & Company reduced their target price on East West Bancorp from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, December 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, East West Bancorp presently has a consensus rating of “Hold” and an average price target of $79.29.

East West Bancorp Stock Down 6.5 %

Shares of EWBC stock opened at $54.62 on Friday. The stock has a market cap of $7.70 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. East West Bancorp, Inc. has a one year low of $33.86 and a one year high of $85.32. The stock has a fifty day moving average price of $72.02 and a 200 day moving average price of $70.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.90 and a quick ratio of 0.90.

East West Bancorp (NASDAQ:EWBC – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.15. The company had revenue of $826.14 million during the quarter, compared to analysts’ expectations of $654.24 million. East West Bancorp had a return on equity of 19.66% and a net margin of 43.06%. During the same period last year, the business earned $1.52 earnings per share. Analysts predict that East West Bancorp, Inc. will post 9.11 earnings per share for the current year.

East West Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 21st. Shareholders of record on Monday, February 6th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, February 3rd. This is a boost from East West Bancorp’s previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.52%. East West Bancorp’s dividend payout ratio (DPR) is presently 24.24%.

About East West Bancorp

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East West Bancorp, Inc is a bank holding company, which engages in the provision of financial services. It operates through the following business segments: Consumer and Business Banking, Commercial Banking, and Other. The Consumer and Business Banking segment provides financial service products and services to consumer and commercial customers through the company’s branch network in the U.S.