50,243 Shares in East West Bancorp, Inc. (NASDAQ:EWBC) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,243 shares of the financial services provider’s stock, valued at approximately $4,157,000.

Several other hedge funds have also bought and sold shares of EWBC. Covestor Ltd lifted its stake in shares of East West Bancorp by 7.4% in the 3rd quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 106 shares during the period. CIBC Asset Management Inc increased its stake in shares of East West Bancorp by 2.8% during the second quarter. CIBC Asset Management Inc now owns 4,753 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 128 shares in the last quarter. Lindenwold Advisors INC raised its position in shares of East West Bancorp by 1.8% during the 3rd quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 129 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in East West Bancorp by 3.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,606 shares of the financial services provider’s stock valued at $264,000 after buying an additional 133 shares in the last quarter. Finally, US Bancorp DE increased its stake in East West Bancorp by 7.8% during the 3rd quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock worth $161,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

East West Bancorp Stock Up 1.2 %

Shares of NASDAQ EWBC opened at $105.50 on Thursday. East West Bancorp, Inc. has a 1 year low of $60.34 and a 1 year high of $107.68. The company has a market capitalization of $14.63 billion, a P/E ratio of 13.32, a P/E/G ratio of 3.01 and a beta of 1.27. The company has a 50 day simple moving average of $90.67 and a 200-day simple moving average of $81.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same quarter in the previous year, the business earned $2.02 earnings per share. On average, equities research analysts predict that East West Bancorp, Inc. will post 8.36 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, November 4th. East West Bancorp’s dividend payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EWBC. Truist Financial raised their target price on East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson raised their price objective on East West Bancorp from $100.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. StockNews.com raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Stephens upped their price objective on shares of East West Bancorp from $91.00 to $104.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, East West Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $102.25.

Insider Activity

In other news, Director Rudolph Estrada sold 469 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total value of $45,980.76. Following the completion of the transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,740,210. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Molly Campbell sold 1,500 shares of the company’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 approximately $1,049,537.35. The trade was a 12.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,969 shares of company stock valued at $2,625,276. Company insiders own 1.04% of the company’s stock.

East West Bancorp 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.