13,163 Shares in East West Bancorp, Inc. (NASDAQ:EWBC) Acquired by Claro Advisors LLC

Claro Advisors LLC purchased a new stake in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,163 shares of the financial services provider's stock, valued at approximately $1,089,000.

Several other large investors also recently bought and sold shares of the stock. Miller Howard Investments Inc. NY acquired a new position in shares of East West Bancorp in the 1st quarter valued at $39,347,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of East West Bancorp during the first quarter worth about $3,961,000. Manning & Napier Advisors LLC purchased a new position in shares of East West Bancorp during the second quarter worth about $3,832,000. Inspire Investing LLC raised its stake in East West Bancorp by 197.8% during the 1st quarter. Inspire Investing LLC now owns 15,860 shares of the financial services provider's stock valued at $1,255,000 after acquiring an additional 10,535 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in East West Bancorp during the 1st quarter worth approximately $909,000. Institutional investors and hedge funds own 89.53% of the company's stock.

East West Bancorp Stock Performance

NASDAQ:EWBC opened at $91.83 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $12.78 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. The firm has a 50-day moving average price of $82.48 and a two-hundred day moving average price of $78.00. East West Bancorp, Inc. has a twelve month low of $51.14 and a twelve month high of $93.30.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.10. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. The business had revenue of $638.00 million during the quarter, compared to analysts' expectations of $631.61 million. During the same period last year, the company posted $2.20 EPS. The company's revenue was down .9% on a year-over-year basis. As a group, research analysts expect that East West Bancorp, Inc. will post 8.2 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.40%. East West Bancorp's dividend payout ratio is currently 27.71%.

Analyst Upgrades and Downgrades

EWBC has been the subject of several analyst reports. Piper Sandler upped their price target on East West Bancorp from $72.50 to $92.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 24th. Truist Financial lowered their target price on shares of East West Bancorp from $96.00 to $93.00 and set a "buy" rating on the stock in a report on Friday, September 20th. Morgan Stanley lifted their price objective on East West Bancorp from $103.00 to $106.00 and gave the company an "overweight" rating in a report on Monday, September 30th. DA Davidson increased their target price on East West Bancorp from $92.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Finally, Barclays upped their price objective on East West Bancorp from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.77.

Insider Activity at East West Bancorp

In other East West Bancorp news, EVP Lisa L. Kim sold 6,000 shares of the company's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $78.68, for a total value of $472,080.00. Following the transaction, the executive vice president now directly owns 18,891 shares in the company, valued at approximately $1,486,343.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jack C. Liu sold 2,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $83.50, for a total transaction of $167,000.00. Following the sale, the director now owns 16,557 shares in the company, valued at $1,382,509.50. This trade represents a 0.00 % 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. Also, EVP Lisa L. Kim sold 6,000 shares of the company's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $78.68, for a total value of $472,080.00. Following the completion of the transaction, the executive vice president now owns 18,891 shares of the company's stock, valued at $1,486,343.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,346 shares of company stock valued at $1,108,160 over the last quarter. Insiders own 1.04% of the company's stock.

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.