East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,988 shares of the financial services provider’s stock after selling 2,018 shares during the period. Yousif Capital Management LLC’s holdings in East West Bancorp were worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EWBC. 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 valued at $128,000 after acquiring an additional 106 shares during the period. Lindenwold Advisors INC increased its stake in East West Bancorp by 1.8% in the 3rd quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock valued at $602,000 after purchasing an additional 129 shares in the last quarter. Blue Trust Inc. raised its holdings in East West Bancorp by 3.8% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 132 shares during the last quarter. US Bancorp DE boosted its position in East West Bancorp by 7.8% during the third quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 141 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in 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 valued at $1,112,000 after purchasing an additional 143 shares during the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at East West Bancorp

In related news, Director Jack C. Liu sold 725 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $104.50, for a total value of $75,762.50. Following the transaction, the director now directly owns 15,832 shares of the company’s stock, valued at approximately $1,654,444. This trade represents a 4.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 45,403 shares of the company’s stock, valued at approximately $4,840,413.83. This trade represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $1,488,358 in the last three months. Company insiders own 1.04% of the company’s stock.

East West Bancorp Stock Performance

East West Bancorp stock opened at $100.23 on Friday. The stock has a fifty day moving average price of $100.30 and a 200 day moving average price of $92.62. East West Bancorp, Inc. has a 52 week low of $68.21 and a 52 week high of $113.95. The firm has a market capitalization of $13.89 billion, a P/E ratio of 12.03, a PEG ratio of 1.37 and a beta of 1.30. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

East West Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from East West Bancorp’s previous quarterly dividend of $0.55. East West Bancorp’s dividend payout ratio is currently 26.41%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Truist Financial lifted their price target on East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler reduced their price target on shares of East West Bancorp from $100.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. StockNews.com cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, UBS Group initiated coverage on East West Bancorp in a report on Tuesday, December 17th. They set a “neutral” rating and a $112.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.38.

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.