Claro Advisors LLC Invests $1.09 Million in East West Bancorp, Inc. (NASDAQ:EWBC)

Claro Advisors LLC bought a new stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,163 shares of the financial services provider’s stock, valued at approximately $1,089,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Riverview Trust Co bought a new position in East West Bancorp during the first quarter valued at $25,000. Kapitalo Investimentos Ltda bought a new position in shares of East West Bancorp in the 4th quarter valued at about $29,000. Rise Advisors LLC purchased a new position in East West Bancorp in the first quarter worth about $30,000. Cullen Frost Bankers Inc. bought a new stake in East West Bancorp during the second quarter worth approximately $30,000. Finally, UMB Bank n.a. raised its position in East West Bancorp by 362.8% during the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 283 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Rudolph Estrada sold 1,896 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.77, for a total transaction of $166,411.92. Following the completion of the sale, the director now directly owns 18,470 shares in the company, valued at $1,621,111.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Lisa L. Kim sold 6,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was 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 in the company, valued at $1,486,343.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rudolph Estrada sold 1,896 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.77, for a total transaction of $166,411.92. Following the transaction, the director now directly owns 18,470 shares of the company’s stock, valued at $1,621,111.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,346 shares of company stock worth $1,108,160. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EWBC has been the subject of a number of recent research reports. Barclays lifted their target price on East West Bancorp from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Jefferies Financial Group dropped their price target on shares of East West Bancorp from $94.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Wedbush increased their price objective on shares of East West Bancorp from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. DA Davidson boosted their target price on East West Bancorp from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised East West Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.77.

East West Bancorp Trading Down 1.3 %

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

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.10. The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $631.61 million. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.20 EPS. 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 announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.20 annualized dividend and a yield of 2.40%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.71%.

East West Bancorp 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.