East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,377 shares of the financial services provider's stock after selling 7,568 shares during the period. Federated Hermes Inc.'s holdings in East West Bancorp were worth $2,334,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EWBC. Wilmington Savings Fund Society FSB purchased a new stake in East West Bancorp in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its stake in East West Bancorp by 73.2% during the 4th quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider's stock worth $40,000 after purchasing an additional 175 shares during the period. Farther Finance Advisors LLC grew its position in East West Bancorp by 119.1% during the 4th quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider's stock worth $54,000 after purchasing an additional 306 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of East West Bancorp by 83.4% in the fourth quarter. UMB Bank n.a. now owns 662 shares of the financial services provider's stock valued at $63,000 after buying an additional 301 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of East West Bancorp during the fourth quarter worth about $100,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at East West Bancorp

In related news, Director Jack C. Liu sold 725 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total value of $75,762.50. Following the transaction, the director now owns 15,832 shares in the company, valued at approximately $1,654,444. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dominic Ng sold 20,181 shares of East West Bancorp stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $90.01, for a total transaction of $1,816,491.81. Following the transaction, the chief executive officer now directly owns 988,133 shares in the company, valued at approximately $88,941,851.33. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,181 shares of company stock worth $5,625,732 in the last quarter. 1.04% of the stock is owned by insiders.

East West Bancorp Trading Up 2.0 %

East West Bancorp stock traded up $1.53 during trading on Thursday, hitting $77.43. The company's stock had a trading volume of 829,590 shares, compared to its average volume of 916,148. The stock's fifty day moving average is $87.82 and its 200 day moving average is $94.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91. East West Bancorp, Inc. has a 1-year low of $68.27 and a 1-year high of $113.95. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.29 and a beta of 1.09.

East West Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.60 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.10%. This is an increase from East West Bancorp's previous quarterly dividend of $0.55. East West Bancorp's dividend payout ratio (DPR) is currently 28.81%.

Analysts Set New Price Targets

Several research analysts have weighed in on EWBC shares. Piper Sandler lowered their target price on East West Bancorp from $100.00 to $97.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. StockNews.com cut shares of East West Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. DA Davidson dropped their price target on shares of East West Bancorp from $120.00 to $118.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Barclays lowered their price target on shares of East West Bancorp from $120.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley lowered shares of East West Bancorp from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $118.00 to $90.00 in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, East West Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $106.46.

East West Bancorp Company 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.