East West Bancorp, Inc. $EWBC Shares Sold by De Lisle Partners LLP

De Lisle Partners LLP decreased its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,800 shares of the financial services provider’s stock after selling 5,200 shares during the quarter. De Lisle Partners LLP’s holdings in East West Bancorp were worth $3,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of East West Bancorp by 84,090.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,311,566 shares of the financial services provider’s stock worth $596,967,000 after purchasing an additional 5,305,257 shares during the period. First Trust Advisors LP lifted its holdings in East West Bancorp by 0.5% in the third quarter. First Trust Advisors LP now owns 4,313,856 shares of the financial services provider’s stock valued at $459,210,000 after acquiring an additional 19,539 shares during the period. Boston Partners lifted its holdings in East West Bancorp by 19.6% in the third quarter. Boston Partners now owns 3,874,737 shares of the financial services provider’s stock valued at $412,464,000 after acquiring an additional 633,649 shares during the period. Schroder Investment Management Group lifted its holdings in East West Bancorp by 10.9% in the third quarter. Schroder Investment Management Group now owns 3,395,376 shares of the financial services provider’s stock valued at $361,879,000 after acquiring an additional 334,429 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in East West Bancorp by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,825,161 shares of the financial services provider’s stock valued at $319,523,000 after acquiring an additional 27,402 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Trading Up 1.9%

Shares of NASDAQ:EWBC opened at $132.63 on Friday. The company has a market capitalization of $18.17 billion, a PE ratio of 13.25, a PEG ratio of 1.60 and a beta of 0.94. East West Bancorp, Inc. has a 12-month low of $90.79 and a 12-month high of $132.88. The business has a 50 day moving average of $121.33 and a two-hundred day moving average of $115.59. 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 (NASDAQ:EWBC) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.11. The business had revenue of $773.75 million during the quarter, compared to the consensus estimate of $767.80 million. East West Bancorp had a return on equity of 16.00% and a net margin of 29.59%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 EPS. As a group, analysts forecast that East West Bancorp, Inc. will post 10.6 EPS for the current year.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, May 4th. East West Bancorp’s dividend payout ratio is presently 31.97%.

Analyst Ratings Changes

A number of brokerages have issued reports on EWBC. UBS Group boosted 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $133.00 price target on shares of East West Bancorp in a report on Wednesday, April 22nd. Citigroup boosted their price target on East West Bancorp from $139.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. DA Davidson boosted their price target on East West Bancorp from $135.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler boosted their price target on East West Bancorp from $111.00 to $123.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.69.

Insiders Place Their Bets

In other news, insider Irene H. Oh sold 11,211 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $129.00, for a total transaction of $1,446,219.00. Following the completion of the transaction, the insider directly owned 85,998 shares of the company’s stock, valued at $11,093,742. This represents a 11.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Archana Deskus sold 1,800 shares of the company’s 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 transaction, the director directly owned 13,231 shares of the company’s stock, valued at approximately $1,661,152.05. The trade was a 11.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 53,511 shares of company stock valued at $6,678,159. Corporate insiders own 0.94% of the company’s stock.

East West Bancorp Company 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.