Mutual of America Capital Management LLC Has $11.79 Million Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Mutual of America Capital Management LLC raised its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,123 shares of the financial services provider’s stock after acquiring an additional 5,424 shares during the period. Mutual of America Capital Management LLC’s holdings in East West Bancorp were worth $11,790,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in shares of East West Bancorp by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the financial services provider’s stock valued at $3,687,000 after purchasing an additional 100 shares in the last quarter. Covestor Ltd boosted its position in East West Bancorp by 7.4% in the third quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock valued at $128,000 after buying an additional 106 shares in the last quarter. Lindenwold Advisors INC grew its stake in shares of East West Bancorp by 1.8% during the third quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock worth $602,000 after buying an additional 129 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of East West Bancorp by 3.8% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the financial services provider’s stock worth $343,000 after buying an additional 132 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of East West Bancorp by 7.8% in the 3rd quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Price Performance

Shares of NASDAQ EWBC opened at $94.43 on Friday. The company has a market capitalization of $13.09 billion, a PE ratio of 11.34, a P/E/G ratio of 1.29 and a beta of 1.30. 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, Inc. has a twelve month low of $68.78 and a twelve month high of $113.95. The firm has a fifty day simple moving average of $98.29 and a 200 day simple moving average of $94.33.

East West Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were given a $0.60 dividend. 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 annualized dividend and a dividend yield of 2.54%. East West Bancorp’s dividend payout ratio (DPR) is 28.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. DA Davidson reduced their price objective on East West Bancorp from $120.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. UBS Group started coverage on East West Bancorp in a report on Tuesday, December 17th. They set a “neutral” rating and a $112.00 price target on the stock. StockNews.com lowered shares of East West Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted 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 dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

Insider Activity

In other news, Director Jack C. Liu sold 1,275 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $104.53, for a total transaction of $133,275.75. Following the completion of the sale, the director now owns 14,557 shares of the company’s stock, valued at $1,521,643.21. This trade represents a 8.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.04% of the stock is owned by company insiders.

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.