Crumly & Associates Inc. Reduces Stock Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Crumly & Associates Inc. trimmed its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,055 shares of the financial services provider’s stock after selling 526 shares during the period. Crumly & Associates Inc.’s holdings in East West Bancorp were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Planning grew its holdings in East West Bancorp by 6.6% during the 3rd quarter. Creative Planning now owns 16,094 shares of the financial services provider’s stock valued at $1,332,000 after buying an additional 992 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in East West Bancorp by 4.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,550 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 148 shares during the period. Blue Trust Inc. lifted its stake in East West Bancorp by 15.1% in the 3rd quarter. Blue Trust Inc. now owns 3,451 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 454 shares in the last quarter. Private Advisor Group LLC boosted its holdings in East West Bancorp by 11.3% in the 3rd quarter. Private Advisor Group LLC now owns 4,564 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 462 shares during the period. Finally, International Assets Investment Management LLC bought a new position in East West Bancorp in the 3rd quarter valued at $3,142,000. Institutional investors own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. DA Davidson decreased their price target on shares of East West Bancorp from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, January 24th. StockNews.com lowered East West Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Sandler dropped their price target on East West Bancorp from $100.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company upped their price objective on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Stephens lowered shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, East West Bancorp currently has an average rating of “Moderate Buy” and an average target price of $110.38.

Insider Transactions at East West Bancorp

In other news, Director Jack C. Liu sold 1,275 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $104.53, for a total value of $133,275.75. Following the transaction, the director now owns 14,557 shares in the company, valued at approximately $1,521,643.21. This trade represents a 8.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.04% of the company’s stock.

East West Bancorp Price Performance

EWBC stock opened at $97.12 on Friday. The firm has a market cap of $13.46 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.31 and a beta of 1.30. The firm’s fifty day moving average is $98.83 and its 200 day moving average is $93.54. East West Bancorp, Inc. has a 52 week low of $68.78 and a 52 week high of $113.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91.

East West Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.60 per share. 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 dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, February 3rd. East West Bancorp’s dividend payout ratio (DPR) is 28.81%.

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.