East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lowered its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,020 shares of the financial services provider’s stock after selling 1,415 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in East West Bancorp were worth $481,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in East West Bancorp in the third quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of East West Bancorp during the third quarter worth about $26,000. UMB Bank n.a. lifted its position in shares of East West Bancorp by 362.8% during the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 283 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of East West Bancorp during the third quarter worth about $79,000. Finally, Quarry LP lifted its position in shares of East West Bancorp by 822.9% during the third quarter. Quarry LP now owns 1,006 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 897 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insider Buying and Selling

In other East West Bancorp news, Director Jack C. Liu sold 1,275 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $104.53, for a total value of $133,275.75. Following the completion of the sale, the director now owns 14,557 shares of the company’s stock, valued at approximately $1,521,643.21. This trade represents a 8.05 % 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. Corporate insiders own 1.04% of the company’s stock.

East West Bancorp Stock Performance

Shares of EWBC opened at $98.97 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market cap of $13.72 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The company’s 50 day simple moving average is $99.91 and its 200-day simple moving average is $92.94. East West Bancorp, Inc. has a 12-month low of $68.36 and a 12-month high of $113.95.

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 issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 3rd. This is an increase from East West Bancorp’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 2.42%. East West Bancorp’s dividend payout ratio (DPR) is currently 28.81%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. UBS Group began coverage on shares of 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. Compass Point upped their target price on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial upped their target price on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays cut their target price on shares of East West Bancorp from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, East West Bancorp presently has an average rating of “Moderate Buy” and an average price target 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.