Janney Montgomery Scott LLC Has $2.45 Million Stock Holdings in East West Bancorp, Inc. (NASDAQ:EWBC)

Janney Montgomery Scott LLC boosted its holdings in shares of East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 159.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,587 shares of the financial services provider's stock after buying an additional 18,166 shares during the period. Janney Montgomery Scott LLC's holdings in East West Bancorp were worth $2,448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new position in shares of East West Bancorp in the 2nd quarter worth approximately $3,832,000. SG Americas Securities LLC acquired a new position in East West Bancorp during the second quarter worth $852,000. Empowered Funds LLC bought a new position in shares of East West Bancorp during the first quarter valued at $897,000. M&G Plc acquired a new stake in shares of East West Bancorp in the 2nd quarter valued at $9,078,000. Finally, Janus Henderson Group PLC boosted its stake in shares of East West Bancorp by 55.5% in the 1st quarter. Janus Henderson Group PLC now owns 99,386 shares of the financial services provider's stock valued at $7,859,000 after purchasing an additional 35,453 shares in the last quarter. Institutional investors own 89.53% of the company's stock.

East West Bancorp Stock Up 0.6 %

EWBC traded up $0.62 during trading on Tuesday, reaching $106.60. The company had a trading volume of 203,860 shares, compared to its average volume of 933,613. The company has a market cap of $14.77 billion, a P/E ratio of 13.38, a PEG ratio of 2.97 and a beta of 1.27. East West Bancorp, Inc. has a 12 month low of $55.62 and a 12 month high of $107.33. 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 business's fifty day moving average price is $87.83 and its 200 day moving average price is $80.72.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $2.06 by $0.03. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $641.80 million. During the same period in the previous year, the firm posted $2.02 EPS. Equities analysts anticipate that East West Bancorp, Inc. will post 8.34 EPS for the current year.

East West Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a dividend of $0.55 per share. The ex-dividend date is Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.06%. East West Bancorp's payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

EWBC has been the subject of several analyst reports. Barclays lifted their price target on shares of East West Bancorp from $108.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Stephens lifted their target price on shares of East West Bancorp from $91.00 to $104.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Compass Point increased their price target on East West Bancorp from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. DA Davidson lifted their price objective on East West Bancorp from $100.00 to $107.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded East West Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $102.25.

Insider Activity at East West Bancorp

In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $83.50, for a total transaction of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares of the company's stock, valued at $1,382,509.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the sale, the director now directly owns 16,557 shares in the company, valued at approximately $1,382,509.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rudolph Estrada sold 469 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total transaction of $45,980.76. Following the sale, the director now directly owns 17,750 shares in the company, valued at $1,740,210. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,969 shares of company stock valued at $1,345,956. 1.04% of the stock is owned by insiders.

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.