Applied Finance Capital Management LLC Purchases 195 Shares of East West Bancorp, Inc. $EWBC

Applied Finance Capital Management LLC grew its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,639 shares of the financial services provider’s stock after purchasing an additional 195 shares during the quarter. Applied Finance Capital Management LLC’s holdings in East West Bancorp were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ransom Advisory Ltd raised its position in shares of East West Bancorp by 60.0% in the second quarter. Ransom Advisory Ltd now owns 400 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 150 shares during the period. QRG Capital Management Inc. raised its position in shares of East West Bancorp by 5.8% in the second quarter. QRG Capital Management Inc. now owns 2,722 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 150 shares during the period. UMB Bank n.a. raised its position in shares of East West Bancorp by 12.7% in the second quarter. UMB Bank n.a. now owns 1,539 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 173 shares during the period. Crumly & Associates Inc. increased its position in East West Bancorp by 1.9% during the first quarter. Crumly & Associates Inc. now owns 9,229 shares of the financial services provider’s stock worth $828,000 after acquiring an additional 174 shares during the period. Finally, V Square Quantitative Management LLC increased its position in East West Bancorp by 81.2% during the second quarter. V Square Quantitative Management LLC now owns 404 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 181 shares during the period. Institutional investors own 89.53% of the company’s stock.

East West Bancorp Trading Up 1.8%

Shares of East West Bancorp stock opened at $95.98 on Friday. The firm has a market capitalization of $13.23 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.28 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.89. The company’s fifty day moving average price is $105.04 and its two-hundred day moving average price is $97.26. East West Bancorp, Inc. has a 52-week low of $68.27 and a 52-week high of $113.95.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Monday, December 11th. The financial services provider reported $2.08 EPS for the quarter. East West Bancorp had a net margin of 26.06% and a return on equity of 15.09%. The company had revenue of $627.36 million for the quarter. On average, analysts expect that East West Bancorp, Inc. will post 8.85 EPS for the current year.

East West Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 4th. East West Bancorp’s payout ratio is currently 28.04%.

Insider Activity

In other news, CEO Dominic Ng sold 40,000 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $103.38, for a total value of $4,135,200.00. Following the sale, the chief executive officer owned 888,314 shares in the company, valued at approximately $91,833,901.32. The trade was a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Irene H. Oh sold 7,639 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $109.40, for a total transaction of $835,706.60. Following the completion of the sale, the insider owned 105,714 shares in the company, valued at $11,565,111.60. This represents a 6.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,240 shares of company stock worth $7,379,678 over the last 90 days. 1.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of East West Bancorp in a research report on Thursday, September 25th. They set a “buy” rating and a $139.00 target price on the stock. Truist Financial set a $112.00 target price on shares of East West Bancorp in a research report on Friday, October 10th. DA Davidson boosted their target price on shares of East West Bancorp from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Piper Sandler boosted their target price on shares of East West Bancorp from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Finally, 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. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.33.

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.