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

Boston Trust Walden Corp decreased its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 463,087 shares of the financial services provider's stock after selling 6,240 shares during the quarter. Boston Trust Walden Corp owned about 0.33% of East West Bancorp worth $44,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EWBC. Westfield Capital Management Co. LP raised its holdings in shares of East West Bancorp by 39.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 520,656 shares of the financial services provider's stock worth $43,079,000 after acquiring an additional 148,530 shares during the period. FMR LLC increased its position in East West Bancorp by 1.8% during the third quarter. FMR LLC now owns 7,882,803 shares of the financial services provider's stock worth $652,223,000 after purchasing an additional 136,528 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in East West Bancorp during the fourth quarter worth about $12,734,000. Jennison Associates LLC boosted its holdings in East West Bancorp by 7.3% in the 3rd quarter. Jennison Associates LLC now owns 1,804,288 shares of the financial services provider's stock valued at $149,287,000 after purchasing an additional 123,376 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of East West Bancorp by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,608,132 shares of the financial services provider's stock valued at $216,438,000 after buying an additional 122,738 shares during the period. Institutional investors and hedge funds own 89.53% of the company's stock.

Insider Buying and Selling at East West Bancorp

In other East West Bancorp news, Director Jack C. Liu sold 725 shares of the 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 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 document filed with the SEC, which is available at this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the sale, the insider now directly owns 45,403 shares of the company's stock, valued at approximately $4,840,413.83. This trade represents a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock valued at $1,488,358 in the last quarter. Corporate insiders own 1.04% of the company's stock.

Wall Street Analysts Forecast Growth

EWBC has been the topic of several analyst reports. Compass Point lifted their price target on shares of East West Bancorp from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their target price on East West Bancorp from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Piper Sandler lowered their price target on East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Citigroup boosted their price objective on shares of East West Bancorp from $103.00 to $109.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Barclays lowered their target price 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.38.

East West Bancorp Stock Down 1.8 %

East West Bancorp stock traded down $1.84 during mid-day trading on Friday, reaching $100.23. 527,944 shares of the company's stock were exchanged, compared to its average volume of 907,578. The company has a fifty day moving average of $100.30 and a 200-day moving average of $92.62. The company has a market cap of $13.89 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.37 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 $68.21 and a twelve month high of $113.95.

East West Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.60 per share. This is an increase from East West Bancorp's previous quarterly dividend of $0.55. The ex-dividend date is Monday, February 3rd. This represents a $2.40 annualized dividend and a yield of 2.39%. East West Bancorp's dividend payout ratio is 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.