12,658 East West Bancorp, Inc. $EWBC Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 341.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,360 shares of the financial services provider’s stock after acquiring an additional 12,658 shares during the quarter. Machina Capital S.A.S.’s holdings in East West Bancorp were worth $2,027,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in East West Bancorp in the second quarter worth approximately $1,744,958,000. Dimensional Fund Advisors LP lifted its position in shares of East West Bancorp by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,915,445 shares of the financial services provider’s stock valued at $204,470,000 after buying an additional 168,029 shares during the last quarter. Bank of America Corp DE acquired a new stake in East West Bancorp in the second quarter valued at approximately $221,652,000. Bank of New York Mellon Corp purchased a new position in East West Bancorp during the 2nd quarter worth $130,744,000. Finally, The Manufacturers Life Insurance Company purchased a new position in East West Bancorp during the 2nd quarter worth $36,995,000. 89.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Dominic Ng sold 34,977 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $132.12, for a total value of $4,621,161.24. Following the completion of the transaction, the chief executive officer directly owned 672,953 shares of the company’s stock, valued at approximately $88,910,550.36. This represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Manuel Alvarez sold 810 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $130.40, for a total value of $105,624.00. Following the completion of the transaction, the director directly owned 10,629 shares of the company’s stock, valued at approximately $1,386,021.60. This represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.94% of the company’s stock.

East West Bancorp Trading Up 0.4%

EWBC stock opened at $131.15 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.34. East West Bancorp, Inc. has a 52-week low of $98.72 and a 52-week high of $137.47. The company’s 50-day simple moving average is $128.41 and its 200-day simple moving average is $123.71. The firm has a market cap of $17.97 billion, a P/E ratio of 12.47, a PEG ratio of 1.35 and a beta of 0.99.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.04. The business had revenue of $822.72 million during the quarter, compared to analysts’ expectations of $811.07 million. East West Bancorp had a return on equity of 16.07% and a net margin of 30.75%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.65 earnings per share. As a group, equities analysts forecast that East West Bancorp, Inc. will post 10.74 EPS for the current fiscal year.

East West Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 2nd will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 2nd. East West Bancorp’s dividend payout ratio (DPR) is 30.45%.

Wall Street Analysts Forecast Growth

EWBC has been the subject of several research analyst reports. Citigroup increased their price objective on shares of East West Bancorp from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Morgan Stanley upped their price target on shares of East West Bancorp from $164.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of East West Bancorp in a report on Tuesday, October 6th. Wells Fargo & Company lifted their price objective on shares of East West Bancorp from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, TD Cowen boosted their price objective on shares of East West Bancorp from $150.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.71.

East West Bancorp News Summary

Investors following EWBC have been watching these news items:

• Positive Sentiment: Wells Fargo assigned EWBC a Buy rating, and a separate report said the firm’s analyst expects the stock to rise. East West Bancorp Gets a Buy from Wells Fargo Wells Fargo Analyst Says East West Bancorp Stock Price Expected to Rise
• Neutral Sentiment: Hovde Group analysts picked up coverage of EWBC, but the available report details do not specify a rating or price target. East West Bancorp Stock Picked Up by Analysts at Hovde Group
• Negative Sentiment: Zacks Research trimmed its Q4 2027 EPS forecast slightly, to $2.89 from $2.90, a modest offset to its broader estimate increases.

East West Bancorp Profile

East West Bancorp, Inc. is the holding company for East West Bank, a commercial bank headquartered in Pasadena, California. Founded in 1973, the bank initially served Chinese American communities in Southern California and has since expanded its services and geographic reach. East West Bank provides personal and business banking, commercial lending, trade finance, treasury management and other financial services. Its customers include individuals, small and midsize businesses, and larger companies, with a focus on supporting commerce between the United States and Asia.