2 weeks Ago By ABMN Staff
Cerity Partners LLC cut its position in East West Bancorp, Inc. ( NASDAQ:EWBC – Free Report ) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 11,886 shares of the financial services provider’s stock after selling 1,083 shares during the quarter. Cerity Partners LLC’s holdings in East West Bancorp were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EWBC.
Vanguard Group Inc. grew its holdings in East West Bancorp by 0.5% during the 4th quarter.
Vanguard Group Inc. now owns 14,197,068 shares of the financial services provider’s stock worth $1,359,511,000 after acquiring an additional 70,503 shares in the last quarter. FMR LLC lifted its holdings in shares of East West Bancorp by 1.
4% in the 4th quarter. FMR LLC now owns 7,990,468 shares of the financial services provider’s stock worth $765,167,000 after purchasing an additional 107,665 shares during the last quarter. Charles Schwab Investment Management Inc.
boosted its holdings in shares of East West Bancorp by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 4,418,840 shares of the financial services provider’s stock valued at $423,148,000 after acquiring an additional 186,887 shares during the period. Schroder Investment Management Group grew its position in East West Bancorp by 6.9% in the 4th quarter.
Schroder Investment Management Group now owns 2,831,862 shares of the financial services provider’s stock worth $272,652,000 after purchasing an additional 183,675 shares during the last quarter. Finally, Boston Partners grew its holdings in East West Bancorp by 23.1% in the 4th quarter.
Boston Partners now owns 2,383,284 shares of the financial services provider’s stock worth $228,269,000 after buying an additional 447,057 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.
East West Bancorp Price Performance Shares of NASDAQ:EWBC opened at $77.43 on Friday. East West Bancorp, Inc.
has a 1-year low of $68.27 and a 1-year high of $113.95.
The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.
46. The business’s 50 day moving average is $86.98 and its 200-day moving average is $94.
79. The firm has a market capitalization of $10.72 billion, a PE ratio of 9.
30, a PEG ratio of 1.29 and a beta of 1.09.
East West Bancorp Increases Dividend Analyst Upgrades and Downgrades A number of research analysts recently commented on EWBC shares. Piper Sandler lowered their price objective on shares of 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. DA Davidson cut 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 report on Friday, January 24th. Wells Fargo & Company lowered their target price on East West Bancorp from $120.00 to $100.
00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. StockNews.com cut East West Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, March 28th.
Finally, Barclays cut 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 report on Tuesday, April 8th.
One 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 data from MarketBeat.com, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $106.
46. Read Our Latest Stock Report on EWBC Insider Activity In other news, CEO Dominic Ng sold 20,181 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $90.
01, for a total value of $1,816,491.81. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link . Also, Director Jack C. Liu sold 725 shares of the business’s stock in a transaction dated Tuesday, January 28th.
The stock was sold at an average price of $104.50, for a total transaction of $75,762.50.
Following the completion of the transaction, the director now directly owns 15,832 shares of the company’s stock, valued at approximately $1,654,444. This represents a 4.38 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last ninety days, insiders have sold 62,181 shares of company stock worth $5,625,732. Company insiders own 1.
04% of the company’s stock. About East West Bancorp ( Free Report ) 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.
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