East West Bancorp, Inc. (EWBC) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 84.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,815 shares of the financial services provider’s stock after selling 47,645 shares during the quarter. GSA Capital Partners LLP’s holdings in East West Bancorp were worth $384,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Cigna Investments Inc. New grew its stake in shares of East West Bancorp by 3.5% in the fourth quarter. Cigna Investments Inc. New now owns 7,249 shares of the financial services provider’s stock valued at $316,000 after buying an additional 245 shares in the last quarter. Condor Capital Management grew its stake in shares of East West Bancorp by 1.2% in the fourth quarter. Condor Capital Management now owns 22,813 shares of the financial services provider’s stock valued at $993,000 after buying an additional 263 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of East West Bancorp by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 15,519 shares of the financial services provider’s stock valued at $675,000 after buying an additional 292 shares in the last quarter. M&T Bank Corp grew its stake in shares of East West Bancorp by 0.8% in the fourth quarter. M&T Bank Corp now owns 48,013 shares of the financial services provider’s stock valued at $2,090,000 after buying an additional 375 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of East West Bancorp by 3.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,752 shares of the financial services provider’s stock valued at $512,000 after buying an additional 379 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

Shares of EWBC opened at $52.40 on Friday. The stock has a market capitalization of $7.66 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.56. East West Bancorp, Inc. has a one year low of $40.05 and a one year high of $73.98. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Thursday, January 24th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $411.11 million during the quarter, compared to the consensus estimate of $408.61 million. East West Bancorp had a return on equity of 16.26% and a net margin of 37.78%. East West Bancorp’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, research analysts anticipate that East West Bancorp, Inc. will post 5.1 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Monday, February 4th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Friday, February 1st. East West Bancorp’s dividend payout ratio is presently 19.74%.

In other East West Bancorp news, Director Rudolph Estrada sold 1,902 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $52.64, for a total transaction of $100,121.28. Following the transaction, the director now owns 15,089 shares of the company’s stock, valued at approximately $794,284.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jack C. Liu sold 2,108 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $55.20, for a total value of $116,361.60. Following the transaction, the director now directly owns 18,857 shares in the company, valued at approximately $1,040,906.40. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. BidaskClub lowered East West Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. TheStreet upgraded East West Bancorp from a “c+” rating to a “b” rating in a research note on Thursday, February 7th. Wedbush increased their target price on East West Bancorp from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Barclays reiterated a “buy” rating and issued a $69.00 target price on shares of East West Bancorp in a research note on Friday, January 11th. Finally, ValuEngine downgraded East West Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $67.64.

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About East West Bancorp

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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

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