East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC cut its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,213 shares of the financial services provider’s stock after selling 187 shares during the quarter. Lindenwold Advisors INC’s holdings in East West Bancorp were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in East West Bancorp by 17.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,042 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 759 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of East West Bancorp by 65.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 535 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 211 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of East West Bancorp by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 837,984 shares of the financial services provider’s stock worth $44,170,000 after acquiring an additional 37,735 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of East West Bancorp by 2.4% during the third quarter. Teacher Retirement System of Texas now owns 41,434 shares of the financial services provider’s stock worth $2,184,000 after purchasing an additional 987 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of East West Bancorp by 4.8% during the third quarter. M&T Bank Corp now owns 31,725 shares of the financial services provider’s stock valued at $1,672,000 after purchasing an additional 1,443 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Irene H. Oh sold 10,000 shares of East West Bancorp stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total value of $775,800.00. Following the transaction, the insider now owns 127,193 shares in the company, valued at approximately $9,867,632.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $73.58, for a total value of $147,160.00. Following the sale, the director now directly owns 16,739 shares in the company, valued at approximately $1,231,655.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Irene H. Oh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total transaction of $775,800.00. Following the transaction, the insider now directly owns 127,193 shares of the company’s stock, valued at approximately $9,867,632.94. The disclosure for this sale can be found here. In the last three months, insiders sold 13,625 shares of company stock valued at $1,048,508. Company insiders own 1.04% of the company’s stock.

East West Bancorp Stock Up 0.1 %

NASDAQ EWBC traded up $0.06 during trading on Friday, reaching $77.41. The company’s stock had a trading volume of 395,956 shares, compared to its average volume of 1,007,101. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $10.77 billion, a PE ratio of 9.75, a PEG ratio of 0.96 and a beta of 1.38. East West Bancorp, Inc. has a 1-year low of $47.39 and a 1-year high of $79.54. The business has a 50-day moving average price of $75.89 and a 200-day moving average price of $71.13.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.08. The business had revenue of $644.13 million during the quarter, compared to analyst estimates of $636.77 million. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. East West Bancorp’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 EPS. On average, research analysts forecast that East West Bancorp, Inc. will post 8.03 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, May 2nd. East West Bancorp’s payout ratio is 27.71%.

Analysts Set New Price Targets

EWBC has been the topic of several recent analyst reports. Citigroup boosted their price objective on East West Bancorp from $85.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Compass Point raised their price objective on shares of East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Morgan Stanley boosted their target price on shares of East West Bancorp from $76.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of East West Bancorp in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods upped their price target on East West Bancorp from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

East West Bancorp Profile

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.