Orion Portfolio Solutions LLC Has $937,000 Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Orion Portfolio Solutions LLC boosted its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 25.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,327 shares of the financial services provider’s stock after acquiring an additional 2,328 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in East West Bancorp were worth $937,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of East West Bancorp in the third quarter valued at about $4,157,000. Quest Partners LLC raised its position in East West Bancorp by 830,133.3% in the 3rd quarter. Quest Partners LLC now owns 24,907 shares of the financial services provider’s stock valued at $2,061,000 after buying an additional 24,904 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in East West Bancorp by 159.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,587 shares of the financial services provider’s stock valued at $2,448,000 after acquiring an additional 18,166 shares in the last quarter. SG Americas Securities LLC acquired a new position in East West Bancorp during the 2nd quarter worth approximately $852,000. Finally, Jennison Associates LLC grew its stake in shares of East West Bancorp by 7.3% during the 3rd quarter. Jennison Associates LLC now owns 1,804,288 shares of the financial services provider’s stock worth $149,287,000 after acquiring an additional 123,376 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EWBC. Stephens lowered shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Barclays boosted their price target on shares of East West Bancorp from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley raised 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. Piper Sandler upped their target price on East West Bancorp from $87.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their price target on East West Bancorp from $96.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.17.

Insider Transactions at East West Bancorp

In other news, Director Rudolph Estrada sold 469 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total value of $45,980.76. Following the completion of the sale, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,740,210. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Molly Campbell sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $98.65, for a total transaction of $147,975.00. Following the transaction, the director now directly owns 10,639 shares in the company, valued at approximately $1,049,537.35. This represents a 12.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,969 shares of company stock worth $2,458,276 over the last quarter. Company insiders own 1.04% of the company’s stock.

East West Bancorp Stock Down 1.5 %

EWBC stock opened at $101.58 on Monday. East West Bancorp, Inc. has a 1-year low of $67.27 and a 1-year high of $113.95. The business’s 50 day simple moving average is $99.97 and its 200 day simple moving average is $85.73. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $14.08 billion, a PE ratio of 12.83, a PEG ratio of 3.05 and a beta of 1.28.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same period in the prior year, the firm earned $2.02 earnings per share. As a group, research analysts anticipate that East West Bancorp, Inc. will post 8.39 EPS for the current year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.55 per share. The ex-dividend date was Monday, November 4th. This represents a $2.20 annualized dividend and a yield of 2.17%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

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.