East West Bancorp, Inc. (NASDAQ:EWBC) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 223.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,723 shares of the financial services provider’s stock after acquiring an additional 16,395 shares during the period. Tower Research Capital LLC TRC’s holdings in East West Bancorp were worth $1,707,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in East West Bancorp by 1.4% during the third quarter. Vanguard Group Inc. now owns 15,243,818 shares of the financial services provider’s stock worth $803,502,000 after purchasing an additional 215,281 shares in the last quarter. Capital International Investors increased its holdings in East West Bancorp by 1.4% during the 4th quarter. Capital International Investors now owns 11,582,254 shares of the financial services provider’s stock valued at $833,469,000 after acquiring an additional 159,963 shares in the last quarter. FMR LLC raised its position in East West Bancorp by 3.8% during the third quarter. FMR LLC now owns 8,416,534 shares of the financial services provider’s stock worth $443,635,000 after acquiring an additional 306,473 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of East West Bancorp by 30.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,215,701 shares of the financial services provider’s stock valued at $231,370,000 after purchasing an additional 751,944 shares in the last quarter. Finally, Boston Partners grew its position in shares of East West Bancorp by 48.5% in the fourth quarter. Boston Partners now owns 2,713,987 shares of the financial services provider’s stock valued at $195,279,000 after purchasing an additional 886,841 shares during the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at East West Bancorp

In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 57,403 shares in the company, valued at approximately $4,234,045.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the business’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 transaction of $590,080.00. Following the sale, the insider now 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 the SEC website. Also, insider Irene H. Oh sold 10,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were 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 of the company’s stock, valued at $9,867,632.94. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

East West Bancorp Stock Performance

Shares of EWBC opened at $70.64 on Tuesday. The firm has a fifty day moving average of $74.81 and a 200-day moving average of $72.96. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 3.66 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.93. East West Bancorp, Inc. has a 1 year low of $48.65 and a 1 year high of $79.54.

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

East West Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Thursday, May 2nd. East West Bancorp’s dividend payout ratio (DPR) is 27.71%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EWBC shares. Barclays initiated coverage on East West Bancorp in a research report on Friday, March 8th. They set an “overweight” rating and a $106.00 price objective for the company. Stephens increased their price objective on East West Bancorp from $85.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of East West Bancorp from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Jefferies Financial Group raised their price target on shares of East West Bancorp from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Citigroup boosted their price objective on shares of East West Bancorp from $85.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, East West Bancorp has a consensus rating of “Moderate Buy” and an average price target of $84.08.

View Our Latest Stock Analysis on East West Bancorp

East West Bancorp 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.

Featured Stories

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

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.