East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lessened its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,246 shares of the financial services provider’s stock after selling 15,037 shares during the period. Manning & Napier Advisors LLC’s holdings in East West Bancorp were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Covestor Ltd boosted its stake in East West Bancorp by 7.4% in the third quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 106 shares in the last quarter. Lindenwold Advisors INC boosted its stake in East West Bancorp by 1.8% in the third quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 129 shares in the last quarter. Blue Trust Inc. boosted its stake in East West Bancorp by 3.8% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 132 shares in the last quarter. US Bancorp DE boosted its stake in East West Bancorp by 7.8% in the third quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 141 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of East West Bancorp by 1.2% during the fourth quarter. 180 Wealth Advisors LLC now owns 11,617 shares of the financial services provider’s stock worth $1,112,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Trading Up 0.3 %

Shares of East West Bancorp stock opened at $103.59 on Friday. East West Bancorp, Inc. has a 12-month low of $67.27 and a 12-month high of $113.95. 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 stock has a market cap of $14.36 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30. The company has a 50-day moving average of $101.24 and a two-hundred day moving average of $91.78.

East West Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a $0.60 dividend. The ex-dividend date is Monday, February 3rd. This is a boost from East West Bancorp’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 2.32%. East West Bancorp’s dividend payout ratio (DPR) is 27.78%.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, Director Rudolph Estrada sold 469 shares of the 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 transaction, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $1,740,210. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack C. Liu sold 725 shares of the firm’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 transaction of $75,762.50. Following the transaction, the director now directly owns 15,832 shares of the company’s stock, valued at approximately $1,654,444. This trade represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,194 shares of company stock valued at $1,401,063. Corporate insiders own 1.04% of the company’s stock.

Analyst Upgrades and Downgrades

EWBC has been the subject of several recent research reports. Truist Financial increased their target price on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Stephens downgraded shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. DA Davidson decreased their target price on shares of 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. Finally, Keefe, Bruyette & Woods increased their target price on shares of East West Bancorp from $96.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

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.