Mutual of America Capital Management LLC Buys 5,424 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Mutual of America Capital Management LLC increased its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,123 shares of the financial services provider’s stock after acquiring an additional 5,424 shares during the period. Mutual of America Capital Management LLC owned about 0.09% of East West Bancorp worth $11,790,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EWBC. Westfield Capital Management Co. LP lifted its stake in East West Bancorp by 39.9% in the third quarter. Westfield Capital Management Co. LP now owns 520,656 shares of the financial services provider’s stock valued at $43,079,000 after acquiring an additional 148,530 shares during the last quarter. FMR LLC raised its holdings in shares of East West Bancorp by 1.8% in the 3rd quarter. FMR LLC now owns 7,882,803 shares of the financial services provider’s stock valued at $652,223,000 after purchasing an additional 136,528 shares during the period. Assenagon Asset Management S.A. acquired a new stake in East West Bancorp in the 4th quarter valued at about $12,734,000. Jennison Associates LLC grew its holdings in East West Bancorp by 7.3% during the third quarter. Jennison Associates LLC now owns 1,804,288 shares of the financial services provider’s stock worth $149,287,000 after purchasing an additional 123,376 shares during the period. Finally, Geode Capital Management LLC grew its holdings in East West Bancorp by 4.9% during the third quarter. Geode Capital Management LLC now owns 2,608,132 shares of the financial services provider’s stock worth $216,438,000 after purchasing an additional 122,738 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.

East West Bancorp Stock Up 0.9 %

Shares of EWBC opened at $94.43 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp, Inc. has a 12 month low of $68.78 and a 12 month high of $113.95. The firm’s 50 day moving average is $98.29 and its 200-day moving average is $94.33. The stock has a market capitalization of $13.09 billion, a PE ratio of 11.34, a P/E/G ratio of 1.29 and a beta of 1.30.

East West Bancorp Increases Dividend

The business also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Monday, February 3rd. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.55. East West Bancorp’s dividend payout ratio (DPR) is 28.81%.

Analysts Set New Price Targets

EWBC has been the topic of several research analyst reports. DA Davidson dropped their price objective on 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. StockNews.com cut East West Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. Compass Point lifted their price objective on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays dropped their price objective on shares of East West Bancorp from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Stephens downgraded shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.38.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, Director Jack C. Liu sold 1,275 shares of the stock in a transaction dated 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 $1,521,643.21. This represents a 8.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.04% of the company’s stock.

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.