East West Bancorp, Inc. (NASDAQ:EWBC) Shares Acquired by Teza Capital Management LLC

Teza Capital Management LLC lifted its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 434.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,677 shares of the financial services provider’s stock after buying an additional 11,932 shares during the quarter. Teza Capital Management LLC’s holdings in East West Bancorp were worth $1,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EWBC. Marshall & Sterling Wealth Advisors Inc. acquired a new position in East West Bancorp in the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its holdings in East West Bancorp by 73.2% in the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 175 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in East West Bancorp by 119.1% in the fourth quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 306 shares in the last quarter. UMB Bank n.a. boosted its holdings in East West Bancorp by 83.4% in the fourth quarter. UMB Bank n.a. now owns 662 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 301 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in East West Bancorp in the fourth quarter valued at approximately $100,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at East West Bancorp

In other East West Bancorp news, CEO Dominic Ng sold 20,181 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $90.01, for a total value of $1,816,491.81. Following the completion of the sale, the chief executive officer now owns 988,133 shares of the company’s stock, valued at approximately $88,941,851.33. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa L. Kim sold 2,100 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $95.04, for a total value of $199,584.00. Following the completion of the sale, the executive vice president now directly owns 14,849 shares of the company’s stock, valued at approximately $1,411,248.96. This trade represents a 12.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,281 shares of company stock worth $9,473,478 over the last 90 days. 1.04% of the stock is currently owned by insiders.

East West Bancorp Price Performance

East West Bancorp stock opened at $95.50 on Monday. East West Bancorp, Inc. has a 12 month low of $68.27 and a 12 month high of $113.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92. The business has a 50 day simple moving average of $84.86 and a 200-day simple moving average of $94.57. The stock has a market capitalization of $13.16 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $2.09 EPS for the quarter, topping the consensus estimate of $2.05 by $0.04. East West Bancorp had a return on equity of 15.71% and a net margin of 25.73%. The business had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $673.02 million. Equities analysts predict that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.

East West Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, May 2nd. East West Bancorp’s dividend payout ratio (DPR) is presently 28.64%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EWBC. Truist Financial began coverage on East West Bancorp in a report on Tuesday, May 13th. They issued a “hold” rating and a $102.00 price target for the company. StockNews.com cut East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. Piper Sandler reduced their price objective on East West Bancorp from $100.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Barclays boosted their price objective on East West Bancorp from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd. Finally, DA Davidson reduced their price objective on East West Bancorp from $118.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, East West Bancorp has a consensus rating of “Moderate Buy” and an average price target of $105.54.

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.