East West Bancorp, Inc. (NASDAQ:EWBC) Shares Bought by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 21.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,534 shares of the financial services provider’s stock after buying an additional 626 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in East West Bancorp were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Miller Howard Investments Inc. NY acquired a new stake in shares of East West Bancorp in the first quarter worth $39,347,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in East West Bancorp during the first quarter worth about $3,961,000. Manning & Napier Advisors LLC purchased a new position in East West Bancorp during the second quarter valued at approximately $3,832,000. Vanguard Personalized Indexing Management LLC lifted its holdings in East West Bancorp by 193.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,005 shares of the financial services provider’s stock valued at $1,224,000 after acquiring an additional 11,208 shares during the period. Finally, Wells Fargo & Company MN boosted its position in East West Bancorp by 14.0% in the 4th quarter. Wells Fargo & Company MN now owns 377,176 shares of the financial services provider’s stock worth $27,138,000 after purchasing an additional 46,416 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at East West Bancorp

In other East West Bancorp news, Director Rudolph Estrada sold 1,896 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.77, for a total value of $166,411.92. Following the completion of the sale, the director now directly owns 18,470 shares in the company, valued at approximately $1,621,111.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Rudolph Estrada sold 1,896 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.77, for a total transaction of $166,411.92. Following the transaction, the director now owns 18,470 shares of the company’s stock, valued at approximately $1,621,111.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gary Teo sold 3,450 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $87.73, for a total transaction of $302,668.50. Following the sale, the executive vice president now owns 15,875 shares of the company’s stock, valued at $1,392,713.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,346 shares of company stock valued at $1,108,160. 1.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EWBC shares. StockNews.com raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays cut their price objective on shares of East West Bancorp from $106.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Jefferies Financial Group dropped their target price on East West Bancorp from $94.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Piper Sandler upped their price target on East West Bancorp from $72.50 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Truist Financial increased their price target on East West Bancorp from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.53.

East West Bancorp Stock Down 0.3 %

NASDAQ EWBC opened at $78.08 on Friday. East West Bancorp, Inc. has a one year low of $49.59 and a one year high of $89.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92. The business has a fifty day moving average price of $80.35 and a 200 day moving average price of $76.52. The company has a market cap of $10.86 billion, a P/E ratio of 9.83, a P/E/G ratio of 2.67 and a beta of 1.29.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.10. The firm had revenue of $638.00 million for the quarter, compared to the consensus estimate of $631.61 million. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm posted $2.20 earnings per share. Research analysts anticipate that East West Bancorp, Inc. will post 8.19 EPS for the current fiscal year.

East West Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.82%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.71%.

About East West Bancorp

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.