East West Bancorp, Inc. (NASDAQ:EWBC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,608,132 shares of the financial services provider's stock after acquiring an additional 122,738 shares during the quarter. Geode Capital Management LLC owned 1.88% of East West Bancorp worth $216,438,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EWBC. Covestor Ltd increased its holdings in shares of East West Bancorp by 7.4% in the 3rd quarter. Covestor Ltd now owns 1,537 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 106 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of East West Bancorp by 2.8% during the 2nd quarter. CIBC Asset Management Inc now owns 4,753 shares of the financial services provider's stock valued at $348,000 after acquiring an additional 128 shares during the period. Lindenwold Advisors INC boosted its stake in shares of East West Bancorp by 1.8% during the 3rd quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider's stock worth $602,000 after acquiring an additional 129 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of East West Bancorp by 3.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,606 shares of the financial services provider's stock worth $264,000 after acquiring an additional 133 shares during the period. Finally, US Bancorp DE increased its stake in 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 purchasing an additional 141 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total value of $985,000.00. Following the completion of the transaction, the insider now owns 117,193 shares in the company, valued at $11,543,510.50. This represents a 7.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp 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 sale, 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. Insiders have sold a total of 23,969 shares of company stock valued at $2,458,276 over the last ninety days. Corporate insiders own 1.04% of the company's stock.

East West Bancorp Trading Down 1.5 %

EWBC stock traded down $1.53 on Friday, hitting $101.58. 759,475 shares of the company were exchanged, compared to its average volume of 918,771. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 3.05 and a beta of 1.28. East West Bancorp, Inc. has a twelve month low of $67.27 and a twelve month high of $113.95. The business's fifty day moving average is $99.97 and its two-hundred day moving average is $85.73.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.03. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same period last year, the company posted $2.02 EPS. As a group, research analysts forecast that East West Bancorp, Inc. will post 8.39 earnings per share for the current year.

East West Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.55 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.20 annualized dividend and a yield of 2.17%. East West Bancorp's payout ratio is 27.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EWBC shares. Citigroup raised their price target on East West Bancorp from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Barclays upped their price target on shares of East West Bancorp from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Stephens cut East West Bancorp from an "overweight" rating to an "equal weight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods boosted their price target on East West Bancorp from $96.00 to $128.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price objective on East West Bancorp from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $109.17.

East West Bancorp Company 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.