Impact Partnership Wealth LLC Decreases Position in East West Bancorp, Inc. $EWBC

Impact Partnership Wealth LLC lessened its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,686 shares of the financial services provider’s stock after selling 144 shares during the period. Impact Partnership Wealth LLC’s holdings in East West Bancorp were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in East West Bancorp by 1.9% in the 1st quarter. Xponance Inc. now owns 16,141 shares of the financial services provider’s stock valued at $1,449,000 after buying an additional 302 shares during the period. Cerity Partners LLC boosted its position in East West Bancorp by 35.9% in the 1st quarter. Cerity Partners LLC now owns 16,157 shares of the financial services provider’s stock valued at $1,450,000 after buying an additional 4,271 shares during the period. US Bancorp DE boosted its position in East West Bancorp by 880.7% in the 2nd quarter. US Bancorp DE now owns 21,625 shares of the financial services provider’s stock valued at $2,184,000 after buying an additional 19,420 shares during the period. Deutsche Bank AG boosted its position in East West Bancorp by 16.5% in the 1st quarter. Deutsche Bank AG now owns 21,516 shares of the financial services provider’s stock valued at $1,931,000 after buying an additional 3,052 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in East West Bancorp by 203.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 817,306 shares of the financial services provider’s stock valued at $73,361,000 after buying an additional 547,556 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

East West Bancorp Price Performance

Shares of NASDAQ:EWBC opened at $101.13 on Friday. The company’s fifty day moving average price is $104.94 and its 200 day moving average price is $99.01. 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 0.35, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $13.94 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.12 and a beta of 0.93.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings results on Monday, December 11th. The financial services provider reported $2.08 EPS for the quarter. East West Bancorp had a net margin of 27.16% and a return on equity of 15.55%. The firm had revenue of $627.36 million for the quarter. As a group, sell-side analysts predict that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, November 3rd. East West Bancorp’s dividend payout ratio (DPR) is currently 26.46%.

Analysts Set New Price Targets

Several brokerages have commented on EWBC. Truist Financial raised their price target on shares of East West Bancorp from $112.00 to $116.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings cut shares of East West Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods lifted their price objective on shares of East West Bancorp from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Cantor Fitzgerald started coverage on shares of East West Bancorp in a research report on Wednesday, September 10th. They set an “overweight” rating and a $124.00 price objective for the company. Finally, Cowen started coverage on shares of East West Bancorp in a research report on Wednesday, September 24th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.08.

Insider Buying and Selling

In related news, insider Irene H. Oh sold 7,639 shares of East West Bancorp stock in a transaction on Monday, September 8th. The shares were sold at an average price of $109.40, for a total transaction of $835,706.60. Following the sale, the insider directly owned 105,714 shares in the company, valued at $11,565,111.60. This trade represents a 6.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack C. Liu sold 1,000 shares of East West Bancorp stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $105.00, for a total transaction of $105,000.00. Following the sale, the director owned 14,974 shares in the company, valued at $1,572,270. This represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,240 shares of company stock worth $3,244,478 in the last ninety days. 1.04% of the stock is owned by corporate insiders.

East West Bancorp Company 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.