East West Bancorp, Inc. $EWBC Shares Bought by Creative Planning

Creative Planning boosted its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 21.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,812 shares of the financial services provider’s stock after acquiring an additional 4,344 shares during the period. Creative Planning’s holdings in East West Bancorp were worth $2,505,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of East West Bancorp by 6.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,411 shares of the financial services provider’s stock valued at $3,576,000 after buying an additional 2,273 shares during the period. ABN Amro Investment Solutions acquired a new position in East West Bancorp in the second quarter valued at $4,077,000. Police & Firemen s Retirement System of New Jersey grew its position in East West Bancorp by 4.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 52,202 shares of the financial services provider’s stock valued at $5,271,000 after acquiring an additional 2,044 shares during the period. Geode Capital Management LLC grew its position in East West Bancorp by 3.3% during the second quarter. Geode Capital Management LLC now owns 2,726,099 shares of the financial services provider’s stock valued at $276,562,000 after acquiring an additional 86,150 shares during the period. Finally, Boston Partners increased its stake in East West Bancorp by 39.6% during the second quarter. Boston Partners now owns 3,241,088 shares of the financial services provider’s stock worth $327,271,000 after acquiring an additional 920,159 shares during the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EWBC has been the subject of a number of research reports. Wall Street Zen raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Cantor Fitzgerald began coverage on shares of East West Bancorp in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $124.00 price objective for the company. Cowen began coverage on shares of East West Bancorp in a report on Wednesday, September 24th. They set a “buy” rating on the stock. Piper Sandler increased their price target on East West Bancorp from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Finally, TD Cowen assumed coverage on East West Bancorp in a research note on Thursday, September 25th. They set a “buy” rating and a $139.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.08.

Insider Transactions at East West Bancorp

In related news, Vice Chairman Douglas Paul Krause sold 10,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $100.04, for a total transaction of $1,000,400.00. Following the transaction, the insider directly owned 45,500 shares in the company, valued at $4,551,820. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gary Teo sold 6,550 shares of East West Bancorp stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $106.47, for a total transaction of $697,378.50. Following the completion of the transaction, the executive vice president directly owned 12,235 shares of the company’s stock, valued at approximately $1,302,660.45. This represents a 34.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 43,740 shares of company stock valued at $4,605,678. 1.04% of the stock is currently owned by insiders.

East West Bancorp Price Performance

EWBC opened at $104.27 on Tuesday. The company has a market capitalization of $14.35 billion, a P/E ratio of 11.50, a PEG ratio of 1.12 and a beta of 0.97. The company has a 50-day moving average of $103.42 and a 200-day moving average of $101.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.89 and a current ratio of 0.89. East West Bancorp, Inc. has a 1-year low of $68.27 and a 1-year high of $113.95.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Monday, December 11th. The financial services provider reported $2.08 EPS for the quarter. The business had revenue of $627.36 million during the quarter. East West Bancorp had a return on equity of 15.55% and a net margin of 27.16%. Equities analysts expect that East West Bancorp, Inc. will post 8.85 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, November 3rd. East West Bancorp’s payout ratio is 26.46%.

East West Bancorp Company Profile

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.