United Services Automobile Association Has $841,000 Stock Position in East West Bancorp, Inc. (NASDAQ:EWBC)

United Services Automobile Association lifted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,695 shares of the financial services provider’s stock after purchasing an additional 1,458 shares during the period. United Services Automobile Association’s holdings in East West Bancorp were worth $841,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of East West Bancorp by 30.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,215,701 shares of the financial services provider’s stock valued at $231,370,000 after buying an additional 751,944 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in East West Bancorp by 40,757.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,370 shares of the financial services provider’s stock worth $7,437,000 after acquiring an additional 103,117 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of East West Bancorp by 193.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,005 shares of the financial services provider’s stock worth $1,224,000 after buying an additional 11,208 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of East West Bancorp by 5.0% in the 3rd quarter. Federated Hermes Inc. now owns 31,667 shares of the financial services provider’s stock worth $1,669,000 after buying an additional 1,501 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of East West Bancorp by 92.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 48,562 shares of the financial services provider’s stock valued at $2,560,000 after purchasing an additional 23,361 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Insider Activity

In related news, insider Irene H. Oh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total value of $775,800.00. Following the transaction, the insider now owns 127,193 shares in the company, valued at approximately $9,867,632.94. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Irene H. Oh sold 10,000 shares of East West Bancorp stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total value of $775,800.00. Following the sale, the insider now owns 127,193 shares of the company’s stock, valued at approximately $9,867,632.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $73.58, for a total transaction of $147,160.00. Following the completion of the sale, the director now directly owns 16,739 shares in the company, valued at approximately $1,231,655.62. The disclosure for this sale can be found here. Insiders have sold a total of 13,625 shares of company stock worth $1,048,508 over the last 90 days. 1.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays assumed coverage on shares of East West Bancorp in a report on Friday, March 8th. They issued an “overweight” rating and a $106.00 price objective for the company. Keefe, Bruyette & Woods raised their price target on shares of East West Bancorp from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Compass Point lifted their price target on shares of East West Bancorp from $83.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Citigroup lifted their price objective on shares of East West Bancorp from $85.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Stephens lifted their price objective on shares of East West Bancorp from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

Read Our Latest Analysis on EWBC

East West Bancorp Trading Down 2.1 %

Shares of EWBC traded down $1.58 during trading hours on Wednesday, reaching $71.98. 55,658 shares of the company traded hands, compared to its average volume of 1,115,550. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 3.75 and a beta of 1.38. East West Bancorp, Inc. has a 12-month low of $47.39 and a 12-month high of $79.54. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average price is $75.76 and its 200 day moving average price is $72.23.

East West Bancorp (NASDAQ:EWBCGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. The company had revenue of $644.13 million during the quarter, compared to analyst estimates of $636.77 million. During the same period in the prior year, the firm earned $2.32 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts forecast that East West Bancorp, Inc. will post 8.03 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $2.20 annualized dividend and a dividend yield of 3.06%. East West Bancorp’s dividend payout ratio (DPR) is currently 27.71%.

East West Bancorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

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