Stieven Capital Advisors L.P. Has $21.25 Million Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Stieven Capital Advisors L.P. trimmed its position in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 21.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,814 shares of the financial services provider's stock after selling 71,500 shares during the quarter. East West Bancorp accounts for 4.0% of Stieven Capital Advisors L.P.'s holdings, making the stock its 5th biggest holding. Stieven Capital Advisors L.P. owned 0.19% of East West Bancorp worth $21,249,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Claro Advisors LLC acquired a new position in shares of East West Bancorp during the 3rd quarter worth approximately $229,000. Mutual of America Capital Management LLC grew its position in East West Bancorp by 0.3% during the third quarter. Mutual of America Capital Management LLC now owns 117,699 shares of the financial services provider's stock worth $9,738,000 after buying an additional 349 shares in the last quarter. Natixis Advisors LLC increased its stake in East West Bancorp by 14.4% during the 3rd quarter. Natixis Advisors LLC now owns 26,279 shares of the financial services provider's stock worth $2,174,000 after acquiring an additional 3,303 shares during the period. CIBC Asset Management Inc raised its holdings in East West Bancorp by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 5,011 shares of the financial services provider's stock valued at $415,000 after acquiring an additional 258 shares in the last quarter. Finally, KBC Group NV raised its holdings in East West Bancorp by 16.3% in the 3rd quarter. KBC Group NV now owns 4,020 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 562 shares in the last quarter. Institutional investors own 89.53% of the company's stock.

Insider Buying and Selling

In related news, insider Irene H. Oh sold 10,000 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $98.50, for a total value of $985,000.00. Following the transaction, the insider now owns 117,193 shares in the company, valued at $11,543,510.50. The trade was a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack C. Liu sold 2,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total transaction of $167,000.00. Following the sale, the director now directly owns 16,557 shares in the company, valued at $1,382,509.50. This trade represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,969 shares of company stock valued at $2,625,276 in the last three months. Insiders own 1.04% of the company's stock.

East West Bancorp Trading Down 0.2 %

East West Bancorp stock traded down $0.23 during trading hours on Friday, hitting $103.34. The stock had a trading volume of 974,424 shares, compared to its average volume of 1,035,753. The business's 50 day simple moving average is $89.70 and its 200-day simple moving average is $81.49. East West Bancorp, Inc. has a one year low of $60.34 and a one year high of $107.68. The stock has a market cap of $14.33 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 3.01 and a beta of 1.27. 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 (NASDAQ:EWBC - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 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 business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. During the same period last year, the company earned $2.02 EPS. On average, equities analysts predict that East West Bancorp, Inc. will post 8.36 EPS for the current fiscal year.

East West Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.55 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. East West Bancorp's payout ratio is 27.78%.

Analyst Ratings Changes

A number of brokerages recently commented on EWBC. Compass Point raised their price target 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 increased their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Citigroup boosted their target price on shares of East West Bancorp from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Piper Sandler increased their price target on shares of East West Bancorp from $87.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of East West Bancorp from $97.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.