Mutual of America Capital Management LLC Boosts Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Mutual of America Capital Management LLC boosted its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,123 shares of the financial services provider's stock after buying an additional 5,424 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.09% of East West Bancorp worth $11,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of East West Bancorp by 1.8% during the 3rd quarter. FMR LLC now owns 7,882,803 shares of the financial services provider's stock worth $652,223,000 after acquiring an additional 136,528 shares in the last quarter. State Street Corp grew its holdings in East West Bancorp by 1.4% in the third quarter. State Street Corp now owns 5,314,994 shares of the financial services provider's stock valued at $439,763,000 after purchasing an additional 75,024 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of East West Bancorp by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,231,953 shares of the financial services provider's stock valued at $350,152,000 after buying an additional 96,729 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of East West Bancorp by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,608,132 shares of the financial services provider's stock valued at $216,438,000 after buying an additional 122,738 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in East West Bancorp by 7.3% in the 3rd quarter. Jennison Associates LLC now owns 1,804,288 shares of the financial services provider's stock valued at $149,287,000 after acquiring an additional 123,376 shares during the period. Hedge funds and other institutional investors own 89.53% of the company's stock.

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Insider Transactions at East West Bancorp

In related news, Director Jack C. Liu sold 1,275 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $104.53, for a total transaction of $133,275.75. Following the sale, the director now directly owns 14,557 shares in the company, valued at approximately $1,521,643.21. This represents a 8.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.04% of the company's stock.

East West Bancorp Trading Up 0.2 %

Shares of NASDAQ EWBC traded up $0.14 during midday trading on Wednesday, reaching $90.44. 1,466,779 shares of the stock were exchanged, compared to its average volume of 856,516. East West Bancorp, Inc. has a twelve month low of $68.78 and a twelve month high of $113.95. The company has a 50 day simple moving average of $97.98 and a 200 day simple moving average of $94.57. The stock has a market capitalization of $12.54 billion, a P/E ratio of 10.86, a PEG ratio of 1.29 and a beta of 1.30. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.65%. The ex-dividend date was Monday, February 3rd. This is a boost from East West Bancorp's previous quarterly dividend of $0.55. East West Bancorp's dividend payout ratio (DPR) is currently 28.81%.

Wall Street Analyst Weigh In

EWBC has been the topic of several recent analyst reports. Stephens downgraded shares of East West Bancorp from an "overweight" rating to an "equal weight" rating in a report on Monday, December 9th. UBS Group started coverage on East West Bancorp in a research note on Tuesday, December 17th. They set a "neutral" rating and a $112.00 price objective for the company. StockNews.com downgraded East West Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, February 19th. Piper Sandler reduced their price objective on 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, Compass Point lifted their target price on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.38.

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.