Impact Partnership Wealth LLC Purchases 1,361 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Impact Partnership Wealth LLC grew its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,763 shares of the financial services provider’s stock after acquiring an additional 1,361 shares during the quarter. Impact Partnership Wealth LLC’s holdings in East West Bancorp were worth $552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB raised its position in East West Bancorp by 108.5% during the 4th quarter. Nordea Investment Management AB now owns 54,851 shares of the financial services provider’s stock worth $5,282,000 after purchasing an additional 28,549 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of East West Bancorp during the third quarter worth approximately $4,157,000. Quest Partners LLC increased its position in shares of East West Bancorp by 830,133.3% in the third quarter. Quest Partners LLC now owns 24,907 shares of the financial services provider’s stock valued at $2,061,000 after acquiring an additional 24,904 shares during the period. Janney Montgomery Scott LLC lifted its holdings in East West Bancorp by 159.1% in the third quarter. Janney Montgomery Scott LLC now owns 29,587 shares of the financial services provider’s stock worth $2,448,000 after buying an additional 18,166 shares during the period. Finally, Jennison Associates LLC raised its stake in East West Bancorp by 7.3% during the third quarter. Jennison Associates LLC now owns 1,804,288 shares of the financial services provider’s stock valued at $149,287,000 after buying an additional 123,376 shares during the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other East West Bancorp news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.00. Following the completion of the transaction, the insider now directly owns 45,403 shares of the company’s stock, valued at approximately $4,840,413.83. The trade was a 20.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Molly Campbell sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $98.65, for a total transaction of $147,975.00. Following the sale, the director now directly owns 10,639 shares in the company, valued at $1,049,537.35. The trade was a 12.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,969 shares of company stock valued at $2,458,276. Company insiders own 1.04% of the company’s stock.

East West Bancorp Stock Up 0.7 %

NASDAQ:EWBC opened at $103.50 on Friday. The company’s 50-day simple moving average is $101.31 and its 200-day simple moving average is $90.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92. East West Bancorp, Inc. has a fifty-two week low of $67.27 and a fifty-two week high of $113.95. The stock has a market capitalization of $14.35 billion, a P/E ratio of 13.07, a P/E/G ratio of 2.85 and a beta of 1.30.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same quarter last year, the company posted $2.02 earnings per share. On average, equities analysts anticipate that East West Bancorp, Inc. will post 8.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EWBC. Barclays raised their target price on East West Bancorp from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. UBS Group began coverage on East West Bancorp in a research note on Tuesday, December 17th. They set a “neutral” rating and a $112.00 target price on the stock. Morgan Stanley boosted their price objective on shares of East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Truist Financial raised their price objective on East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded East West Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.77.

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.