East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 463,087 shares of the financial services provider’s stock after selling 6,240 shares during the period. Boston Trust Walden Corp owned approximately 0.33% of East West Bancorp worth $44,345,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in shares of East West Bancorp in the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in East West Bancorp during the 3rd quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in East West Bancorp by 362.8% during the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after buying an additional 283 shares in the last quarter. Tobam boosted its position in East West Bancorp by 131.7% in the 3rd quarter. Tobam now owns 482 shares of the financial services provider’s stock valued at $40,000 after buying an additional 274 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of East West Bancorp during the third quarter worth $79,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Compass Point upped their price target on East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays cut their target price on shares of East West Bancorp from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Citigroup lifted their price target on shares of East West Bancorp from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wedbush raised their price target on East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of East West Bancorp from $96.00 to $128.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.38.

Insiders Place Their Bets

In other news, Director Jack C. Liu sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total value of $75,762.50. Following the completion of the sale, the director now directly owns 15,832 shares of the company’s stock, valued at approximately $1,654,444. This represents a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the transaction, the insider now owns 45,403 shares in the company, valued at $4,840,413.83. This represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,000 shares of company stock worth $1,488,358. Insiders own 1.04% of the company’s stock.

East West Bancorp Trading Down 2.8 %

NASDAQ:EWBC opened at $100.13 on Tuesday. The company has a market cap of $13.88 billion, a PE ratio of 12.02, a P/E/G ratio of 1.37 and a beta of 1.30. The business’s 50 day moving average is $101.02 and its two-hundred day moving average is $92.19. 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 52 week low of $67.27 and a 52 week high of $113.95.

East West Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.40%. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.55. East West Bancorp’s dividend payout ratio is currently 26.41%.

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.