Trilogy Capital Inc. acquired a new stake in East West Bancorp, Inc. (NASDAQ:EWBC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 26,395 shares of the financial services provider’s stock, valued at approximately $1,606,000.
A number of other large investors have also recently bought and sold shares of the stock. KBC Group NV grew its position in East West Bancorp by 46.3% in the 4th quarter. KBC Group NV now owns 16,081 shares of the financial services provider’s stock valued at $978,000 after buying an additional 5,092 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in East West Bancorp in the 4th quarter valued at $2,385,000. Wellington Shields Capital Management LLC grew its position in East West Bancorp by 4.6% in the 4th quarter. Wellington Shields Capital Management LLC now owns 78,325 shares of the financial services provider’s stock valued at $4,765,000 after buying an additional 3,475 shares during the last quarter. ING Groep NV grew its position in East West Bancorp by 23.3% in the 4th quarter. ING Groep NV now owns 21,810 shares of the financial services provider’s stock valued at $1,327,000 after buying an additional 4,115 shares during the last quarter. Finally, Cadence Capital Management LLC grew its position in East West Bancorp by 407.7% in the 4th quarter. Cadence Capital Management LLC now owns 27,705 shares of the financial services provider’s stock valued at $1,685,000 after buying an additional 22,248 shares during the last quarter. Hedge funds and other institutional investors own 91.39% of the company’s stock.
In related news, insider Douglas Paul Krause sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total value of $306,300.00. Following the sale, the insider now directly owns 18,015 shares in the company, valued at approximately $1,103,598.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack C. Liu sold 2,200 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $58.07, for a total transaction of $127,754.00. Following the completion of the sale, the director now owns 23,599 shares in the company, valued at $1,370,393.93. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock worth $704,434 over the last quarter. Insiders own 0.88% of the company’s stock.
Shares of East West Bancorp, Inc. (EWBC) opened at $64.18 on Friday. The company has a market cap of $9,276.77, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45. East West Bancorp, Inc. has a 1 year low of $48.07 and a 1 year high of $69.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.00.
East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04). The company had revenue of $365.06 million for the quarter, compared to analysts’ expectations of $359.43 million. East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. East West Bancorp’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. sell-side analysts predict that East West Bancorp, Inc. will post 4.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. East West Bancorp’s payout ratio is currently 23.12%.
EWBC has been the topic of a number of analyst reports. DA Davidson reiterated a “hold” rating and issued a $63.00 price objective on shares of East West Bancorp in a research report on Friday, October 20th. Wedbush reiterated an “outperform” rating and issued a $66.00 price objective (down from $68.00) on shares of East West Bancorp in a research report on Friday, October 20th. Barclays set a $66.00 price objective on shares of East West Bancorp and gave the company a “buy” rating in a research report on Friday, October 20th. BMO Capital Markets boosted their target price on shares of East West Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, Piper Jaffray Companies set a $74.00 target price on shares of East West Bancorp and gave the stock a “buy” rating in a research report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. East West Bancorp has an average rating of “Buy” and a consensus price target of $69.50.
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East West Bancorp Company Profile
East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.
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