East West Bancorp, Inc. (NASDAQ:EWBC) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its holdings in East West Bancorp, Inc. (NASDAQ:EWBC) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,350 shares of the financial services provider’s stock after selling 440 shares during the quarter. OLD National Bancorp IN’s holdings in East West Bancorp were worth $225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in East West Bancorp in the third quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of East West Bancorp in the third quarter valued at $26,000. UMB Bank n.a. increased its position in shares of East West Bancorp by 362.8% in the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after buying an additional 283 shares in the last quarter. Tobam increased its position in shares of East West Bancorp by 131.7% in the third quarter. Tobam now owns 482 shares of the financial services provider’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of East West Bancorp in the third quarter valued at $79,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Compass Point raised their price target on East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Stephens cut East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Wedbush boosted their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Barclays cut 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. Finally, Citigroup boosted their target price on shares of East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, East West Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

Insider Transactions at East West Bancorp

In other news, 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 completion of the sale, the director now owns 17,750 shares in the company, valued at approximately $1,740,210. The trade was a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack C. Liu sold 725 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $104.50, for a total value of $75,762.50. Following the sale, the director now owns 15,832 shares of the company’s stock, valued at $1,654,444. The trade was a 4.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,469 shares of company stock worth $1,534,339. 1.04% of the stock is currently owned by company insiders.

East West Bancorp Trading Down 0.6 %

NASDAQ EWBC opened at $102.97 on Monday. East West Bancorp, Inc. has a 12 month low of $67.27 and a 12 month high of $113.95. The company has a 50-day moving average of $101.02 and a 200-day moving average of $92.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92. The company has a market cap of $14.27 billion, a P/E ratio of 12.36, a P/E/G ratio of 1.38 and a beta of 1.30.

East West Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from East West Bancorp’s previous quarterly dividend of $0.55. East West Bancorp’s payout ratio is presently 28.81%.

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.