UBS Group AG Decreases Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

UBS Group AG reduced its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,672 shares of the financial services provider’s stock after selling 1,175 shares during the period. UBS Group AG owned 0.07% of East West Bancorp worth $7,099,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Denali Advisors LLC grew its holdings in East West Bancorp by 66.7% in the 4th quarter. Denali Advisors LLC now owns 500 shares of the financial services provider’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. Planned Solutions Inc. purchased a new stake in shares of East West Bancorp in the fourth quarter valued at about $40,000. Global Retirement Partners LLC grew its holdings in shares of East West Bancorp by 1,050.0% in the fourth quarter. Global Retirement Partners LLC now owns 667 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 609 shares during the period. First Horizon Advisors Inc. raised its stake in East West Bancorp by 39.6% during the fourth quarter. First Horizon Advisors Inc. now owns 747 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 212 shares during the period. Finally, GAMMA Investing LLC acquired a new position in East West Bancorp in the 4th quarter valued at about $78,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $73.76, for a total value of $590,080.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the business’s 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 available through this hyperlink. Also, insider Irene H. Oh sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $77.58, for a total value of $775,800.00. Following the transaction, the insider now directly owns 127,193 shares in the company, valued at approximately $9,867,632.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,625 shares of company stock worth $1,491,428. 1.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of East West Bancorp in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their target price on East West Bancorp from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Stephens increased their price target on East West Bancorp from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Morgan Stanley boosted their price objective on shares of East West Bancorp from $76.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, Compass Point increased their target price on shares of East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, East West Bancorp has an average rating of “Moderate Buy” and an average price target of $84.08.

Get Our Latest Research Report on East West Bancorp

East West Bancorp Trading Down 2.3 %

NASDAQ:EWBC opened at $71.17 on Wednesday. The stock has a fifty day moving average price of $75.38 and a 200 day moving average price of $72.66. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. East West Bancorp, Inc. has a 12-month low of $48.65 and a 12-month high of $79.54. The firm has a market cap of $9.90 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 3.77 and a beta of 1.33.

East West Bancorp (NASDAQ:EWBCGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.08. The business had revenue of $644.13 million during the quarter, compared to analysts’ expectations of $636.77 million. East West Bancorp had a return on equity of 17.43% and a net margin of 26.78%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.32 EPS. Sell-side analysts anticipate that East West Bancorp, Inc. will post 8.03 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a $0.55 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.09%. East West Bancorp’s payout ratio is currently 27.71%.

About East West Bancorp

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

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