Capstone Investment Advisors LLC Has $311,000 Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Capstone Investment Advisors LLC trimmed its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 56.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,759 shares of the financial services provider's stock after selling 4,950 shares during the period. Capstone Investment Advisors LLC's holdings in East West Bancorp were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in East West Bancorp in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in East West Bancorp in the 2nd quarter valued at $30,000. UMB Bank n.a. raised its stake in East West Bancorp by 362.8% in the 3rd 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 period. American Capital Advisory LLC acquired a new stake in East West Bancorp during the 2nd quarter valued at $31,000. Finally, Signaturefd LLC increased its holdings in shares of East West Bancorp by 490.1% in the second quarter. Signaturefd LLC now owns 537 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 446 shares during the last quarter. 89.53% of the stock is owned by institutional investors.

Insider Activity

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm'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 completion of the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rudolph Estrada sold 469 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total transaction of $45,980.76. Following the completion of the sale, the director now directly owns 17,750 shares in the company, valued at approximately $1,740,210. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 Price Performance

EWBC stock traded down $0.37 during trading on Friday, reaching $109.68. 309,404 shares of the company were exchanged, compared to its average volume of 925,388. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 3.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. The company has a 50-day moving average of $95.26 and a two-hundred day moving average of $83.63. East West Bancorp, Inc. has a twelve month low of $61.87 and a twelve month high of $113.95.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its quarterly 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 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 the consensus estimate of $641.80 million. During the same period in the prior year, the business earned $2.02 earnings per share. As a group, equities analysts predict that East West Bancorp, Inc. will post 8.38 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.55 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.20 annualized dividend and a yield of 2.01%. East West Bancorp's dividend payout ratio is presently 27.78%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup raised their target price on shares of East West Bancorp from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. DA Davidson boosted their target price on shares of East West Bancorp from $100.00 to $107.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Stephens raised their target price on shares of East West Bancorp from $91.00 to $104.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Piper Sandler raised their price objective on East West Bancorp from $87.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their target price on East West Bancorp from $108.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $102.25.

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.