East West Bancorp, Inc. (NASDAQ:EWBC) is Access Investment Management LLC’s 8th Largest Position

Access Investment Management LLC raised its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 0.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,615 shares of the financial services provider’s stock after buying an additional 275 shares during the quarter. East West Bancorp comprises 3.6% of Access Investment Management LLC’s portfolio, making the stock its 8th largest holding. Access Investment Management LLC owned approximately 0.09% of East West Bancorp worth $12,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EWBC. Crossmark Global Holdings Inc. increased its holdings in East West Bancorp by 3.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,171 shares of the financial services provider’s stock worth $974,000 after acquiring an additional 336 shares during the period. Nordea Investment Management AB increased its holdings in shares of East West Bancorp by 108.5% in the fourth quarter. Nordea Investment Management AB now owns 54,851 shares of the financial services provider’s stock worth $5,282,000 after purchasing an additional 28,549 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of East West Bancorp in the third quarter worth $4,157,000. Quest Partners LLC boosted its stake in East West Bancorp by 830,133.3% during the third 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 period. Finally, Janney Montgomery Scott LLC boosted its stake in East West Bancorp by 159.1% during the third quarter. Janney Montgomery Scott LLC now owns 29,587 shares of the financial services provider’s stock valued at $2,448,000 after buying an additional 18,166 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Analysts Set New Price Targets

EWBC has been the subject of several research analyst reports. Piper Sandler dropped their price objective on East West Bancorp from $100.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Barclays dropped their price target on East West Bancorp from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Compass Point lifted their target price on shares of East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. StockNews.com lowered shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, DA Davidson dropped their price objective on shares of East West Bancorp from $120.00 to $118.00 and set a “buy” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.38.

East West Bancorp Stock Performance

East West Bancorp stock opened at $93.89 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $13.02 billion, a PE ratio of 11.27, a P/E/G ratio of 1.29 and a beta of 1.30. The firm has a fifty day simple moving average of $98.68 and a two-hundred day simple moving average of $93.77. East West Bancorp, Inc. has a twelve month low of $68.78 and a twelve month high of $113.95.

East West Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.56%. 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 payout ratio is 28.81%.

Insider Activity

In related news, Director Jack C. Liu sold 1,275 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $104.53, for a total transaction of $133,275.75. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.04% of the stock is currently owned by corporate insiders.

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.