Nisa Investment Advisors LLC Purchases 17,369 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Nisa Investment Advisors LLC increased its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,159 shares of the financial services provider’s stock after acquiring an additional 17,369 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of East West Bancorp worth $9,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of East West Bancorp by 7.4% during the 3rd quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 106 shares during the last quarter. Lindenwold Advisors INC lifted its holdings in shares of East West Bancorp by 1.8% during the third quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock worth $602,000 after buying an additional 129 shares during the last quarter. US Bancorp DE boosted its position in shares of East West Bancorp by 7.8% in the third quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 141 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of East West Bancorp by 1.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 11,617 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 143 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in East West Bancorp by 1.5% during the third quarter. EP Wealth Advisors LLC now owns 9,689 shares of the financial services provider’s stock worth $802,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EWBC shares. Citigroup raised their price target on shares of East West Bancorp from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their target price 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 upped their price target on East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, UBS Group began coverage on East West Bancorp in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $112.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, East West Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $109.77.

Insiders Place Their Bets

In other East West Bancorp news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 is accessible through this hyperlink. Also, Director Molly Campbell sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were 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. This trade represents a 12.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,969 shares of company stock valued at $2,458,276. 1.04% of the stock is currently owned by corporate insiders.

East West Bancorp Trading Up 0.7 %

Shares of EWBC stock opened at $103.50 on Friday. The company has a market capitalization of $14.35 billion, a P/E ratio of 13.07, a P/E/G ratio of 2.88 and a beta of 1.30. East West Bancorp, Inc. has a 12-month low of $67.27 and a 12-month high of $113.95. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $101.31 and a 200 day moving average price of $90.73.

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

About East West Bancorp

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.