Boston Trust Walden Corp Sells 122,766 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Boston Trust Walden Corp decreased its stake in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 20.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 469,327 shares of the financial services provider's stock after selling 122,766 shares during the period. Boston Trust Walden Corp owned about 0.34% of East West Bancorp worth $38,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. grew its position in 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 valued at $30,000 after acquiring an additional 283 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in East West Bancorp in the second quarter worth $30,000. American Capital Advisory LLC bought a new position in shares of East West Bancorp during the second quarter valued at about $31,000. Tobam lifted its stake in shares of East West Bancorp by 131.7% in the 3rd quarter. Tobam now owns 482 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 274 shares during the last quarter. Finally, Signaturefd LLC grew its position in East West Bancorp by 490.1% during the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider's stock worth $39,000 after acquiring an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 89.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush raised their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday. Citigroup raised their price target on shares of East West Bancorp from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Wednesday. Wells Fargo & Company upped their price target on East West Bancorp from $97.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday. StockNews.com downgraded East West Bancorp from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Finally, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $99.46.

Insider Buying and Selling

In other news, EVP Lisa L. Kim sold 6,000 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $78.68, for a total value of $472,080.00. Following the transaction, the executive vice president now owns 18,891 shares in the company, valued at approximately $1,486,343.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares of the company's stock, 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 can be accessed through this hyperlink. Also, EVP Lisa L. Kim sold 6,000 shares of the company's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $78.68, for a total transaction of $472,080.00. Following the transaction, the executive vice president now owns 18,891 shares in the company, valued at $1,486,343.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

East West Bancorp Stock Down 2.2 %

EWBC traded down $2.09 during midday trading on Friday, reaching $95.10. The company's stock had a trading volume of 835,862 shares, compared to its average volume of 738,187. East West Bancorp, Inc. has a 1 year low of $52.29 and a 1 year high of $98.95. The stock's 50-day moving average is $83.94 and its 200-day moving average is $78.63. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.20 and a beta of 1.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last posted its quarterly 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 company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a return on equity of 16.41% and a net margin of 24.96%. During the same quarter in the prior year, the business posted $2.02 EPS. As a group, research analysts expect that East West Bancorp, Inc. will post 8.21 EPS for the current year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, November 4th. East West Bancorp's dividend payout ratio is presently 27.78%.

East West Bancorp 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.