Entropy Technologies LP Has $2.33 Million Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Entropy Technologies LP raised its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 416.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,289 shares of the financial services provider’s stock after acquiring an additional 19,589 shares during the quarter. Entropy Technologies LP’s holdings in East West Bancorp were worth $2,326,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vest Financial LLC lifted its stake in shares of East West Bancorp by 6.8% in the fourth quarter. Vest Financial LLC now owns 366,863 shares of the financial services provider’s stock worth $35,131,000 after acquiring an additional 23,507 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of East West Bancorp by 18.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,320 shares of the financial services provider’s stock worth $9,699,000 after purchasing an additional 15,475 shares during the period. RBA Wealth Management LLC boosted its stake in shares of East West Bancorp by 0.3% in the 4th quarter. RBA Wealth Management LLC now owns 56,472 shares of the financial services provider’s stock valued at $5,408,000 after purchasing an additional 162 shares during the last quarter. JB Capital LLC increased its position in shares of East West Bancorp by 2.9% during the fourth quarter. JB Capital LLC now owns 55,064 shares of the financial services provider’s stock worth $5,273,000 after buying an additional 1,542 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in East West Bancorp by 12.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,409 shares of the financial services provider’s stock worth $230,000 after buying an additional 263 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Wall Street Analysts Forecast Growth

EWBC has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. DA Davidson decreased their target price on East West Bancorp from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Piper Sandler dropped their price target on 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. Truist Financial raised their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays dropped their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.38.

East West Bancorp Price Performance

EWBC stock opened at $100.23 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91. The business has a 50-day simple moving average of $100.12 and a two-hundred day simple moving average of $92.81. The company has a market capitalization of $13.89 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. East West Bancorp, Inc. has a 52-week low of $68.21 and a 52-week high of $113.95.

East West Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.60 per share. This is a boost from East West Bancorp’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, February 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.39%. East West Bancorp’s payout ratio is presently 28.81%.

Insider Buying and Selling

In other news, Director Jack C. Liu sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $104.50, for a total value of $75,762.50. Following the transaction, the director now owns 15,832 shares in the company, valued at $1,654,444. The trade was a 4.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total value of $1,279,320.00. Following the sale, the insider now directly owns 45,403 shares of the company’s stock, valued at $4,840,413.83. The trade was a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,000 shares of company stock worth $1,488,358. 1.04% of the stock is owned by corporate insiders.

East West Bancorp Company 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.