East West Bancorp, Inc. (NASDAQ:EWBC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,231,953 shares of the financial services provider’s stock after purchasing an additional 96,729 shares during the period. Charles Schwab Investment Management Inc.’s holdings in East West Bancorp were worth $350,152,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in East West Bancorp in the third quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in East West Bancorp during the second quarter worth about $30,000. UMB Bank n.a. raised its holdings in shares of East West Bancorp by 362.8% in the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 283 shares during the period. American Capital Advisory LLC acquired a new position in shares of East West Bancorp in the 2nd quarter valued at about $31,000. Finally, Signaturefd LLC grew its holdings in shares of East West Bancorp by 490.1% during the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 446 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insider Activity

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total transaction of $985,000.00. Following the completion of the transaction, the insider now owns 117,193 shares in the company, valued at approximately $11,543,510.50. The trade was a 7.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total value of $1,279,320.00. Following the transaction, the insider now directly owns 45,403 shares in the company, valued at $4,840,413.83. This trade represents a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,969 shares of company stock valued at $2,458,276. 1.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on EWBC shares. Piper Sandler lifted their price target on shares of East West Bancorp from $87.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays boosted their price objective on East West Bancorp from $108.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stephens increased their target price on East West Bancorp from $91.00 to $104.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com raised East West Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Wedbush increased their price objective on shares of East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.25.

East West Bancorp Price Performance

Shares of NASDAQ:EWBC opened at $110.08 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $91.80 and a 200 day simple moving average of $82.27. East West Bancorp, Inc. has a fifty-two week low of $60.34 and a fifty-two week high of $110.31. The company has a market cap of $15.26 billion, a PE ratio of 13.90, a P/E/G ratio of 3.03 and a beta of 1.27.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $641.80 million. During the same period in the prior year, the firm earned $2.02 EPS. On average, sell-side analysts anticipate that East West Bancorp, Inc. will post 8.37 EPS for the current year.

East West Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, November 4th. East West Bancorp’s payout ratio is 27.78%.

East West Bancorp 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.