B. Metzler seel. Sohn & Co. Holding AG Makes New $4.16 Million Investment in East West Bancorp, Inc. (NASDAQ:EWBC)

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

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC grew its holdings in shares of East West Bancorp by 9.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,355 shares of the financial services provider's stock worth $443,000 after purchasing an additional 483 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in East West Bancorp during the third quarter worth about $3,715,000. Pathstone Holdings LLC increased its holdings in East West Bancorp by 4.1% in the 3rd quarter. Pathstone Holdings LLC now owns 20,911 shares of the financial services provider's stock valued at $1,730,000 after buying an additional 828 shares during the period. Lindenwold Advisors INC raised its position in shares of 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 buying an additional 129 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of East West Bancorp during the 3rd quarter worth approximately $339,000. Institutional investors own 89.53% of the company's stock.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total transaction of $985,000.00. Following the transaction, the insider now directly owns 117,193 shares in the company, valued at approximately $11,543,510.50. This represents a 7.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the transaction, the insider now owns 45,403 shares in the company, valued at $4,840,413.83. The trade was a 20.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,969 shares of company stock valued at $2,625,276. 1.04% of the stock is currently owned by company insiders.

East West Bancorp Trading Up 1.3 %

NASDAQ EWBC traded up $1.33 on Thursday, hitting $106.83. The company's stock had a trading volume of 723,995 shares, compared to its average volume of 931,019. The firm has a market cap of $14.81 billion, a PE ratio of 13.32, a PEG ratio of 3.03 and a beta of 1.27. The company's 50-day moving average is $91.22 and its 200 day moving average is $82.09. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp, Inc. has a 1-year low of $60.34 and a 1-year high of $108.50.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.03. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $641.80 million. During the same period last year, the company earned $2.02 EPS. As a group, analysts predict that East West Bancorp, Inc. will post 8.37 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.06%. The ex-dividend date was Monday, November 4th. East West Bancorp's payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EWBC shares. Stephens lifted 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. Wells Fargo & Company boosted their price target on East West Bancorp from $97.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Compass Point upped their price objective on East West Bancorp from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Truist Financial lifted 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. Finally, Citigroup boosted their target price on East West Bancorp from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.25.

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.