East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its position in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 52.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,282 shares of the financial services provider's stock after selling 16,038 shares during the quarter. Centiva Capital LP's holdings in East West Bancorp were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of East West Bancorp during the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in East West Bancorp during the second quarter worth about $30,000. UMB Bank n.a. boosted 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 worth $30,000 after buying an additional 283 shares during the last quarter. American Capital Advisory LLC purchased a new stake in East West Bancorp in the 2nd quarter valued at about $31,000. Finally, Signaturefd LLC increased its stake in shares of East West Bancorp by 490.1% during the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 446 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at East West Bancorp

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value 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 represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rudolph Estrada sold 469 shares of East West Bancorp stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total transaction of $45,980.76. Following the sale, the director now owns 17,750 shares in the company, valued at approximately $1,740,210. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,969 shares of company stock valued at $2,458,276 in the last ninety days. Company insiders own 1.04% of the company's stock.

East West Bancorp Stock Performance

East West Bancorp stock traded down $0.69 during mid-day trading on Thursday, reaching $105.87. The company's stock had a trading volume of 571,950 shares, compared to its average volume of 922,069. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 3.11 and a beta of 1.28. East West Bancorp, Inc. has a twelve month low of $66.68 and a twelve month high of $113.95. The business has a 50 day moving average price of $96.82 and a 200-day moving average price of $84.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, beating analysts' consensus estimates 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 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 previous year, the firm posted $2.02 earnings per share. Sell-side analysts predict that East West Bancorp, Inc. will post 8.38 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors 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 2.08%. East West Bancorp's dividend payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EWBC shares. Piper Sandler boosted their target price on shares of East West Bancorp from $87.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Truist Financial upped their price objective on East West Bancorp from $93.00 to $101.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. StockNews.com upgraded East West Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, October 29th. Citigroup upped their price target on shares of East West Bancorp from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upped their target price on shares of East West Bancorp from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, East West Bancorp has a consensus rating of "Moderate Buy" and an average target price of $107.92.

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.