Stieven Capital Advisors L.P. Has $21.25 Million Stock Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Stieven Capital Advisors L.P. cut its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBCFree Report) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,814 shares of the financial services provider’s stock after selling 71,500 shares during the quarter. East West Bancorp accounts for 4.0% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 5th largest holding. Stieven Capital Advisors L.P.’s holdings in East West Bancorp were worth $21,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Claro Advisors LLC acquired a new stake in shares of East West Bancorp in the third quarter valued at about $229,000. Mutual of America Capital Management LLC grew its position in East West Bancorp by 0.3% during the third quarter. Mutual of America Capital Management LLC now owns 117,699 shares of the financial services provider’s stock worth $9,738,000 after buying an additional 349 shares in the last quarter. Natixis Advisors LLC grew its position in East West Bancorp by 14.4% during the third quarter. Natixis Advisors LLC now owns 26,279 shares of the financial services provider’s stock worth $2,174,000 after buying an additional 3,303 shares in the last quarter. CIBC Asset Management Inc lifted its stake in East West Bancorp by 5.4% during the third quarter. CIBC Asset Management Inc now owns 5,011 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 258 shares during the period. Finally, KBC Group NV lifted its stake in East West Bancorp by 16.3% during the third quarter. KBC Group NV now owns 4,020 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 562 shares during the period. 89.53% of the stock is owned by institutional investors.

East West Bancorp Stock Down 0.2 %

Shares of EWBC stock opened at $103.34 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day moving average is $89.70 and its 200-day moving average is $81.49. The stock has a market cap of $14.33 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.01 and a beta of 1.27. East West Bancorp, Inc. has a 52-week low of $60.34 and a 52-week high of $107.68.

East West Bancorp (NASDAQ:EWBCGet Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. During the same quarter in the prior year, the business earned $2.02 EPS. Sell-side analysts predict that East West Bancorp, Inc. will post 8.36 EPS for the current year.

East West Bancorp Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.13%. East West Bancorp’s payout ratio is presently 27.78%.

Analysts Set New Price Targets

A number of brokerages have commented on EWBC. Barclays raised their price target on shares of East West Bancorp from $108.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Wells Fargo & Company lifted their target price on shares of East West Bancorp from $97.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Compass Point boosted their price objective on shares of East West Bancorp from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.25.

View Our Latest Report on EWBC

Insiders Place Their Bets

In related news, Director Jack C. Liu sold 2,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares of the company’s stock, valued at $1,382,509.50. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rudolph Estrada sold 469 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total transaction of $45,980.76. Following the completion of the transaction, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $1,740,210. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,969 shares of company stock worth $2,625,276 in the last quarter. Corporate insiders own 1.04% of the company’s stock.

East West Bancorp Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding EWBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for East West Bancorp, Inc. (NASDAQ:EWBCFree Report).

Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.