Capital International Inc. CA Acquires 6,367 Shares of East West Bancorp, Inc. $EWBC

Capital International Inc. CA lifted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 11.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 60,445 shares of the financial services provider’s stock after purchasing an additional 6,367 shares during the period. Capital International Inc. CA’s holdings in East West Bancorp were worth $6,793,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new position in East West Bancorp in the third quarter valued at about $26,000. Atlantic Union Bankshares Corp bought a new position in East West Bancorp in the fourth quarter valued at about $31,000. Kelleher Financial Advisors bought a new position in East West Bancorp in the third quarter valued at about $31,000. Signaturefd LLC boosted its holdings in East West Bancorp by 115.0% in the fourth quarter. Signaturefd LLC now owns 344 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 184 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in East West Bancorp by 44.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 366 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

East West Bancorp Price Performance

Shares of EWBC opened at $126.26 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. East West Bancorp, Inc. has a 1 year low of $90.79 and a 1 year high of $127.54. The stock has a market cap of $17.30 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. The stock’s 50-day moving average price is $119.41 and its two-hundred day moving average price is $114.92.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.11. The firm had revenue of $773.75 million for the quarter, compared to analysts’ expectations of $767.80 million. East West Bancorp had a return on equity of 16.00% and a net margin of 29.59%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.08 earnings per share. On average, equities analysts predict that East West Bancorp, Inc. will post 10.6 earnings per share for the current year.

East West Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.5%. East West Bancorp’s dividend payout ratio (DPR) is currently 31.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EWBC shares. UBS Group raised their price target on East West Bancorp from $125.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. DA Davidson raised their target price on East West Bancorp from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley reduced their target price on East West Bancorp from $141.00 to $128.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. TD Cowen raised their target price on East West Bancorp from $137.00 to $143.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Truist Financial raised their target price on East West Bancorp from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $133.69.

Insider Transactions at East West Bancorp

In related news, Director Archana Deskus sold 1,800 shares of East West Bancorp stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $125.55, for a total value of $225,990.00. Following the sale, the director owned 13,231 shares of the company’s stock, valued at approximately $1,661,152.05. This trade represents a 11.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dominic Ng sold 30,000 shares of East West Bancorp stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $123.49, for a total value of $3,704,700.00. Following the completion of the sale, the chief executive officer directly owned 707,930 shares in the company, valued at approximately $87,422,275.70. This represents a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,800 shares of company stock valued at $5,165,690 over the last 90 days. 0.94% of the stock is owned by company insiders.

East West Bancorp Profile

East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.

Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.