East West Bancorp, Inc. (NASDAQ:EWBC) Stock Holdings Lifted by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,142 shares of the financial services provider’s stock after buying an additional 10,263 shares during the period. Whittier Trust Co. owned approximately 0.18% of East West Bancorp worth $20,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EWBC. Riverview Trust Co acquired a new stake in shares of East West Bancorp in the 1st quarter valued at $25,000. UMB Bank n.a. lifted its position in shares of East West Bancorp by 362.8% in the third 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 during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of East West Bancorp during the 2nd quarter worth about $30,000. American Capital Advisory LLC acquired a new position in shares of East West Bancorp during the 2nd quarter valued at about $31,000. Finally, Mather Group LLC. acquired a new position in shares of East West Bancorp during the 1st quarter valued at about $35,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

East West Bancorp Price Performance

Shares of EWBC stock traded down $2.34 during mid-day trading on Monday, reaching $89.49. The company’s stock had a trading volume of 614,924 shares, compared to its average volume of 923,422. The firm’s 50-day moving average is $82.48 and its two-hundred day moving average is $78.03. The company has a market cap of $12.45 billion, a P/E ratio of 11.28, a PEG ratio of 2.08 and a beta of 1.29. East West Bancorp, Inc. has a 1-year low of $51.33 and a 1-year high of $93.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.10. The company had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $631.61 million. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $2.20 earnings per share. On average, research analysts predict that East West Bancorp, Inc. will post 8.2 earnings per share for the current year.

East West Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, August 2nd. East West Bancorp’s dividend payout ratio (DPR) is presently 27.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays upped their target price on East West Bancorp from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Piper Sandler lifted their target price on shares of East West Bancorp from $72.50 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Jefferies Financial Group cut their target price on shares of East West Bancorp from $94.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Wedbush raised their price target on East West Bancorp from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley boosted their price objective on East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.77.

Insider Buying and Selling at East West Bancorp

In other news, Director Rudolph Estrada sold 1,896 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $87.77, for a total value of $166,411.92. Following the completion of the transaction, the director now owns 18,470 shares in the company, valued at $1,621,111.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Gary Teo sold 3,450 shares of East West Bancorp stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.73, for a total value of $302,668.50. Following the completion of the transaction, the executive vice president now owns 15,875 shares of the company’s stock, valued at $1,392,713.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rudolph Estrada sold 1,896 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.77, for a total transaction of $166,411.92. Following the completion of the sale, the director now directly owns 18,470 shares in the company, valued at approximately $1,621,111.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,346 shares of company stock valued at $1,108,160 in the last 90 days. 1.04% of the stock is currently 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.