UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,293 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 435,774 shares of the financial services provider's stock after selling 8,293 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of East West Bancorp worth $36,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EWBC. Capital Performance Advisors LLP bought a new position in shares of East West Bancorp during the third quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new position in East West Bancorp during the 2nd quarter worth $30,000. UMB Bank n.a. lifted its holdings in shares of East West Bancorp by 362.8% during 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 in the last quarter. American Capital Advisory LLC acquired a new stake in shares of East West Bancorp during the second quarter worth $31,000. Finally, Signaturefd LLC boosted its position in shares of East West Bancorp by 490.1% in the second quarter. Signaturefd LLC now owns 537 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 446 shares during the period. 89.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EWBC shares. Compass Point lifted their price objective on shares of East West Bancorp from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Citigroup boosted their price target on East West Bancorp from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Truist Financial increased their price target on East West Bancorp from $93.00 to $101.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their target price on East West Bancorp from $103.00 to $106.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company increased their target price on East West Bancorp from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.92.

East West Bancorp Trading Down 0.6 %

EWBC traded down $0.69 during trading on Thursday, reaching $105.87. 571,950 shares of the stock traded hands, compared to its average volume of 922,069. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock's 50-day moving average is $97.31 and its 200 day moving average is $84.44. East West Bancorp, Inc. has a 12 month low of $66.68 and a 12 month high of $113.95. The stock has a market capitalization of $14.68 billion, a PE ratio of 13.37, a P/E/G ratio of 3.11 and a beta of 1.28.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping the consensus estimate of $2.06 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same quarter last year, the firm posted $2.02 EPS. Equities analysts anticipate that East West Bancorp, Inc. will post 8.38 earnings per share for the current year.

East West Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.55 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. East West Bancorp's dividend payout ratio is presently 27.78%.

Insider Activity

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the firm's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $98.50, for a total value of $985,000.00. Following the transaction, the insider now directly owns 117,193 shares of the company's stock, valued at approximately $11,543,510.50. This trade represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Molly Campbell sold 1,500 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $98.65, for a total transaction of $147,975.00. Following the sale, the director now directly owns 10,639 shares of the company's stock, valued at approximately $1,049,537.35. The trade was a 12.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,969 shares of company stock worth $2,458,276 in the last three months. Company insiders own 1.04% of the company's stock.

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.