East West Bancorp, Inc. (NASDAQ:EWBC) Shares Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC grew its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 56,472 shares of the financial services provider’s stock after acquiring an additional 162 shares during the quarter. East West Bancorp accounts for 2.1% of RBA Wealth Management LLC’s holdings, making the stock its 14th largest holding. RBA Wealth Management LLC’s holdings in East West Bancorp were worth $5,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in East West Bancorp during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new position in East West Bancorp during the third quarter worth $26,000. UMB Bank n.a. boosted its holdings in East West Bancorp by 362.8% in the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 283 shares during the last quarter. Tobam lifted its stake in shares of East West Bancorp by 131.7% during the third quarter. Tobam now owns 482 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 274 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in East West Bancorp during the 3rd quarter valued at approximately $79,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jack C. Liu sold 725 shares of East West Bancorp stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total transaction of $75,762.50. Following the completion of the sale, the director now owns 15,832 shares in the company, valued at $1,654,444. This trade represents a 4.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the completion of the transaction, the insider now directly owns 45,403 shares in the company, valued at approximately $4,840,413.83. The trade was a 20.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock worth $1,488,358. 1.04% of the stock is currently owned by company insiders.

East West Bancorp Price Performance

Shares of NASDAQ:EWBC opened at $100.13 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92. East West Bancorp, Inc. has a one year low of $67.27 and a one year high of $113.95. The company’s fifty day moving average price is $101.02 and its 200-day moving average price is $92.19. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.37 and a beta of 1.30.

East West Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.40%. This is a boost from East West Bancorp’s previous quarterly dividend of $0.55. East West Bancorp’s payout ratio is currently 26.41%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EWBC. Keefe, Bruyette & Woods lifted their price target on East West Bancorp from $96.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Truist Financial boosted their price target on East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Compass Point lifted their price objective on East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler lowered their price target on East West Bancorp from $100.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, DA Davidson decreased their price objective on East West Bancorp from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

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.