According to the most recent SEC filing, River & Mercantile Asset Management LLP reduced its shares in East West Bancorp, INC (NASDAQ: EWBC) by 10.8 percent during the third quarter.
Despite having sold 2,730 of those shares before the period’s conclusion, the institutional investor continued to hold 22,498 shares of the stock held by the provider of financial services after the period ended. River & Mercantile Asset Management LLP stated in the most recent report that it submitted to the SEC that the value of its holdings in East West Bancorp amounted to $1,510,000.
This information was included in the report.
In related news, East West Bancorp Director Jack C.
Liu sold 2,000 of the company’s shares on Tuesday, January 31, bringing the total number of shares sold to East West Bancorp to 4,000.
A total of $154,000.00 was traded due to the sale of the stock at an average price of $77.00 per share, which brought about the transaction. Following the conclusion of the transaction, the director acquired ownership of 17,136 shares of the company.
Based on the current market price, these shares have a value of approximately $1,319,472.
The sale of the company’s shares was made public by a filing with the SEC, which can be found on the SEC’s website.
A total of 4,000 shares were sold during this transaction, bringing the total number of shares sold to 4,000.
A total of $154,000.00 was traded due to the sale of the stock at an average price of $77.00 per share, which brought about the transaction. Following the conclusion of the transaction, the director acquired ownership of 17,136 shares of the company.
Based on the current market price, these shares have a value of approximately $1,319,472.
The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC.
Irene H. Oh, who serves as the Chief Financial Officer of East West Bancorp, purchased 10,000 shares of the company’s stock on March 13, bringing us to a related development.
The acquisition price came to a total of $495,100 because the average price paid for each share was $49.51; this caused the acquisition to be $495,100. Following the completion of the transaction, the chief financial officer will have a total holding in the company consisting of 124,925 shares.
The value of these shares is approximately $6,185,036.75.
This information was made accessible to the general public through a legal filing submitted to the SEC, which can be located here if you’re interested. On January 31, Jack C.
Liu, also a company director, sold 2,000 shares of the company’s stock.
The transaction took place on the same day.
The price of one share was determined to be $77.00 on average.
As a consequence of this, the total cost of purchasing the shares came to $154,000.00. Following the completion of the sale, the director will have a direct ownership stake in 17,136 company shares, the value of which is approximately $1,319,472 at present.
The disclosure about the purchase can be found in this particular location. 0.8 company insiders own a percent of the total shares currently outstanding.
There have also been transactions involving hedge funds and other institutional investors buying and selling corporate stock.
These transactions have taken place.
During the third fiscal quarter, NewSquare Capital LLC added 1,515.6% more East West Bancorp shares to its portfolio of shares, which it already owned.
After making an additional purchase of 485 shares during the most recent period, NewSquare Capital LLC now has 517 shares of the company that the financial services provider works for.
These 517 shares have a combined value of $35,000 and are owned by the company.
During the third quarter, Huntington National Bank accomplished an 81.1 percent increase in the proportion of East West Bancorp stock that it owned.
The Huntington National Bank now has 580 shares of the company, with a market capitalization of $39,000.
This is because the bank purchased an additional 258 shares during the period.
During the second quarter, Quadrant Capital Group LLC achieved a 100.2% increase in the proportion of East West Bancorp stock it owned. Following the completion of additional transactions during the period in question, Quadrant Capital Group LLC now holds a total of 881 publicly traded company shares, giving the company a value of $57,000 on the market.
Ellevest INC increased the proportion of East West Bancorp stock owned by 39.8% during the third quarter.
Ellevest INC now owns 881 shares of the financial services provider’s stock, valued at $59,000, after the company made an additional purchase of 251 shares during this period.
And finally, during the third quarter, IFP Advisors INC increased the percentage of East West Bancorp stock owned by an additional 23.9%.
IFP Advisors INC now has 892 shares of the company’s stock after making an additional purchase of 172 shares during the period in question.
This results in a market capitalization of $63,000 for the company.
Institutions own the company’s stock to the extent of eighty-seven point-six percent.
A significant number of industry analysts are currently focusing their attention on the company. UBS Group has assumed responsibility for providing coverage of East West Bancorp.
This was announced in a research note that was distributed on Wednesday.
They decided to maintain a “neutral” rating on the stock and set a price target of $63.00 for the shares.
Truist Financial recommended a “buy” rating on shares of East West Bancorp and increased their price target for the company in a research report that was made public on Friday, January 27. On December 15, a research report about East West Bancorp was made available online by Wells Fargo & Company.
The research assigned an “overweight” rating to the company and decreased its price objective for the stock from $90.00 to $85.00.
Morgan Stanley shifted its rating for East West Bancorp from “equal weight” to “overweight” in a report on the financial services provider’s stock published on Friday, January 27.
Additionally, they raised their price target for the stock to $80.00, up from $80.00. StockNews.com finally made its long-awaited debut as a covering outlet for East West Bancorp on Thursday, when a research report was issued for public consumption.
They encouraged shareholders to “keep” the stock in their holdings rather than sell it.
Two stock analysts have given the stock a buy recommendation, while four other analysts have recommended that investors hold onto their shares.
The company is currently rated as having a consensus “Hold” recommendation, and its average target price is $79.29, as indicated by data sourced from Bloomberg.com.
NASDAQ: EWBC was first available for trading on Thursday, costing $56.72 per share.
The company has a market capitalization of $8 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-to-growth ratio of 0.69, and a beta of 1.45.
All of these metrics indicate that the stock is relatively expensive.
During the past year, the price of East West Bancorp, INC has moved in a range that began at $33.86 and ended at $85.32, with a low of $33.86 and a high of $85.32.
The debt-to-equity ratio is currently at 0.03%, the current ratio is 0.90, and the quick ratio is also 0.90.
All three ratios are currently sanding on Thursday at $56.72 per share.
The company has a market capitalization of $8 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-to-growth ratio of 0.69, and a beta of 1.45.
All of these metrics indicate that the stock is relatively expensive.
During the past year, the price of East West Bancorp, INC has moved in a range that began at $33.86 and ended at $85.32, with a low of $33.86 and a high of $85.32.
The debt-to-equity ratio is currently at 0.03%, the current ratio is 0.90, and the quick ratio is also 0.90.
All three ratios are currently the same.
According to the simple moving average calculation, the company’s 50-day and 200-day moving averages come in at $72.46 and $70.31, respectively.
On January 26, the most recent quarterly earnings report for East West Bancorp (NASDAQ: EWBC) was made public and available for analysis.
The financial services company reported that its earnings per share (EPS) for the quarter came in at $2.37, which was $0.15 higher than the estimates compiled by the analysts as a consensus.
The company’s most recent quarter’s sales came in at $826.14 million, which is a significant increase over the consensus projection of $654.24 million for that quarter’s sales.
The return on equity was 19.66% for East West Bancorp, and the net margin was 43.06% for the company.
The company reported $1.52 per share earnings during the prior year’s financial year.
According to the forecasts of research analysts, East West Bancorp, INC will generate a profit per share of 9.11 dollars during the current financial year.