East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,457 shares of the financial services provider’s stock after selling 3,845 shares during the period. Dana Investment Advisors Inc.’s holdings in East West Bancorp were worth $2,821,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EWBC. Crossmark Global Holdings Inc. grew its stake in shares of East West Bancorp by 3.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,171 shares of the financial services provider’s stock worth $974,000 after purchasing an additional 336 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of East West Bancorp by 108.5% in the 4th 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 last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of East West Bancorp in the 3rd quarter worth approximately $4,157,000. Quest Partners LLC grew its stake in shares of East West Bancorp by 830,133.3% in the 3rd quarter. Quest Partners LLC now owns 24,907 shares of the financial services provider’s stock worth $2,061,000 after purchasing an additional 24,904 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of East West Bancorp by 159.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,587 shares of the financial services provider’s stock worth $2,448,000 after purchasing an additional 18,166 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Stock Performance

EWBC stock opened at $89.08 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91. The stock has a market cap of $12.35 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.29 and a beta of 1.30. The firm has a 50 day simple moving average of $97.68 and a 200 day simple moving average of $94.59. East West Bancorp, Inc. has a 52 week low of $68.78 and a 52 week high of $113.95.

East West Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were issued 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 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Monday, February 3rd. East West Bancorp’s dividend payout ratio (DPR) is currently 28.81%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EWBC shares. Compass Point lifted their price objective on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. UBS Group began coverage on shares of East West Bancorp in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $112.00 price objective on the stock. Piper Sandler decreased their target price on shares of East West Bancorp from $100.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Wells Fargo & Company raised their target price on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Barclays decreased their target price on shares of East West Bancorp from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

Insider Buying and Selling

In other East West Bancorp news, Director Jack C. Liu sold 1,275 shares of East West Bancorp 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 completion of the sale, the director now directly owns 14,557 shares in the company, valued at $1,521,643.21. The trade was a 8.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dominic Ng sold 20,181 shares of East West Bancorp stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $90.01, for a total transaction of $1,816,491.81. Following the completion of the sale, the chief executive officer now owns 988,133 shares of the company’s stock, valued at $88,941,851.33. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,362 shares of company stock worth $3,842,022. 1.04% of the stock is owned by company insiders.

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.