Stieven Capital Advisors L.P. Has $19.37 Million Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Stieven Capital Advisors L.P. lowered its stake in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 21.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,224 shares of the financial services provider's stock after selling 54,590 shares during the quarter. East West Bancorp accounts for approximately 3.4% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 7th largest position. Stieven Capital Advisors L.P. owned approximately 0.15% of East West Bancorp worth $19,365,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its stake in shares of East West Bancorp by 3.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,171 shares of the financial services provider's stock valued at $974,000 after acquiring an additional 336 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of East West Bancorp by 108.5% in the 4th quarter. Nordea Investment Management AB now owns 54,851 shares of the financial services provider's stock valued at $5,282,000 after acquiring an additional 28,549 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of East West Bancorp in the 3rd quarter valued at $4,157,000. Quest Partners LLC increased its stake in shares of East West Bancorp by 830,133.3% in the 3rd quarter. Quest Partners LLC now owns 24,907 shares of the financial services provider's stock valued at $2,061,000 after acquiring an additional 24,904 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of East West Bancorp by 159.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,587 shares of the financial services provider's stock valued at $2,448,000 after acquiring an additional 18,166 shares in the last quarter. Institutional investors own 89.53% of the company's stock.

East West Bancorp Stock Performance

Shares of NASDAQ:EWBC traded down $1.02 during midday trading on Wednesday, reaching $98.23. The company had a trading volume of 696,100 shares, compared to its average volume of 875,652. The company's 50 day moving average price is $99.18 and its 200 day moving average price is $93.34. 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 stock has a market cap of $13.62 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.31 and a beta of 1.30. East West Bancorp, Inc. has a 52-week low of $68.78 and a 52-week high of $113.95.

East West Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were issued a $0.60 dividend. This is an increase from East West Bancorp's previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, February 3rd. East West Bancorp's payout ratio is 28.81%.

Wall Street Analyst Weigh In

EWBC has been the subject of several research analyst reports. Stephens lowered shares of East West Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. Compass Point boosted their price target on shares of East West Bancorp from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Citigroup boosted their price target on shares of East West Bancorp from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Piper Sandler decreased their price target on shares of East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company boosted their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $110.38.

Insider Buying and Selling

In other East West Bancorp news, Director Jack C. Liu sold 725 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total transaction of $75,762.50. Following the sale, the director now directly owns 15,832 shares of the company's stock, valued at $1,654,444. This represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.04% of the stock is owned by insiders.

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.