Copperwynd Financial LLC Has $431,000 Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Copperwynd Financial LLC reduced its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,501 shares of the financial services provider’s stock after selling 775 shares during the quarter. Copperwynd Financial LLC’s holdings in East West Bancorp were worth $431,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EWBC. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of East West Bancorp by 1,667.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 670,156 shares of the financial services provider’s stock valued at $64,174,000 after acquiring an additional 632,245 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of East West Bancorp in the fourth quarter worth $32,138,000. Victory Capital Management Inc. increased its stake in shares of East West Bancorp by 171.3% in the fourth quarter. Victory Capital Management Inc. now owns 384,780 shares of the financial services provider’s stock worth $36,847,000 after acquiring an additional 242,928 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of East West Bancorp by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,418,840 shares of the financial services provider’s stock worth $423,148,000 after purchasing an additional 186,887 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of East West Bancorp by 39.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 520,656 shares of the financial services provider’s stock valued at $43,079,000 after buying an additional 148,530 shares in the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at East West Bancorp

In other news, Director Jack C. Liu sold 725 shares of the business’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 sale, the director now directly owns 15,832 shares in the company, valued at approximately $1,654,444. The trade was a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dominic Ng sold 20,181 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $90.01, for a total value of $1,816,491.81. Following the sale, the chief executive officer now owns 988,133 shares in the company, valued at approximately $88,941,851.33. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,362 shares of company stock worth $3,842,022 over the last three months. 1.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on EWBC shares. Barclays lowered their price target on East West Bancorp from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on East West Bancorp from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. UBS Group started coverage on East West Bancorp in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $112.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on East West Bancorp from $96.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.31.

East West Bancorp Stock Up 3.5 %

Shares of EWBC stock opened at $87.97 on Friday. East West Bancorp, Inc. has a 12 month low of $68.78 and a 12 month high of $113.95. The firm has a market cap of $12.18 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.29 and a beta of 1.28. The stock has a 50 day moving average of $96.66 and a 200-day moving average of $94.71. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46.

East West Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 3rd. This is a positive change 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 2.73%. East West Bancorp’s payout ratio is 28.81%.

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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.