Headlands Technologies LLC Has $650,000 Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Headlands Technologies LLC lessened its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 20.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,035 shares of the financial services provider’s stock after selling 2,389 shares during the quarter. Headlands Technologies LLC’s holdings in East West Bancorp were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EWBC. Truist Financial Corp lifted its position in shares of East West Bancorp by 66.3% in the fourth quarter. Truist Financial Corp now owns 25,827 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 10,299 shares in the last quarter. Financial Perspectives Inc raised its position in East West Bancorp by 23.0% during the fourth quarter. Financial Perspectives Inc now owns 1,274 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 238 shares in the last quarter. GAMMA Investing LLC bought a new stake in East West Bancorp during the fourth quarter worth $78,000. Jennison Associates LLC raised its position in East West Bancorp by 10.5% during the fourth quarter. Jennison Associates LLC now owns 926,208 shares of the financial services provider’s stock worth $66,641,000 after acquiring an additional 88,224 shares in the last quarter. Finally, Keeler Thomas Management LLC raised its position in East West Bancorp by 1.0% during the fourth quarter. Keeler Thomas Management LLC now owns 75,136 shares of the financial services provider’s stock worth $5,406,000 after acquiring an additional 774 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EWBC shares. Citigroup upped their price target on shares of East West Bancorp from $85.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler upped their price target on shares of East West Bancorp from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Compass Point upped their price target on shares of East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Truist Financial dropped their price objective on shares of East West Bancorp from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Morgan Stanley increased their price objective on shares of East West Bancorp from $76.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.08.

Insider Transactions at East West Bancorp

In other news, Director Molly Campbell sold 1,625 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $77.26, for a total value of $125,547.50. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at $797,400.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $73.58, for a total value of $147,160.00. Following the completion of the transaction, the director now owns 16,739 shares in the company, valued at approximately $1,231,655.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Molly Campbell sold 1,625 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total transaction of $125,547.50. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at approximately $797,400.46. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

East West Bancorp Price Performance

East West Bancorp stock traded down $0.38 during trading hours on Friday, reaching $75.98. 503,137 shares of the stock were exchanged, compared to its average volume of 882,786. The company has a market cap of $10.57 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.39. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50. East West Bancorp, Inc. has a twelve month low of $41.12 and a twelve month high of $79.54. The stock has a 50 day moving average of $74.84 and a two-hundred day moving average of $68.57.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $644.13 million for the quarter, compared to the consensus estimate of $636.77 million. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.32 earnings per share. Equities analysts expect that East West Bancorp, Inc. will post 7.99 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.90%. East West Bancorp’s dividend payout ratio (DPR) is currently 27.71%.

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.