Stephens Investment Management Group LLC trimmed its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 262,786 shares of the financial services provider’s stock after selling 1,804 shares during the quarter. Stephens Investment Management Group LLC owned 0.18% of East West Bancorp worth $15,709,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EWBC. BlackRock Inc. grew its position in East West Bancorp by 11.5% during the second quarter. BlackRock Inc. now owns 13,329,464 shares of the financial services provider’s stock worth $780,841,000 after buying an additional 1,373,528 shares in the last quarter. Vanguard Group Inc. grew its position in East West Bancorp by 7.5% during the second quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock worth $745,971,000 after buying an additional 893,764 shares in the last quarter. State Street Corp grew its position in East West Bancorp by 16.5% during the second quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock worth $415,902,000 after buying an additional 1,004,860 shares in the last quarter. Boston Partners grew its position in East West Bancorp by 0.8% during the third quarter. Boston Partners now owns 6,619,308 shares of the financial services provider’s stock worth $395,702,000 after buying an additional 50,476 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in East West Bancorp by 4.2% during the third quarter. Macquarie Group Ltd. now owns 4,440,696 shares of the financial services provider’s stock worth $265,465,000 after buying an additional 178,496 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

East West Bancorp, Inc. (EWBC) traded up $0.12 during midday trading on Wednesday, hitting $58.24. The stock had a trading volume of 926,200 shares, compared to its average volume of 931,756. East West Bancorp, Inc. has a 12 month low of $46.22 and a 12 month high of $61.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $8,400.83, a price-to-earnings ratio of 17.40, a PEG ratio of 1.58 and a beta of 1.47.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. The company had revenue of $348.97 million during the quarter, compared to analyst estimates of $349.28 million. During the same quarter in the previous year, the company posted $0.76 EPS. East West Bancorp’s revenue for the quarter was up 15.0% on a year-over-year basis. sell-side analysts anticipate that East West Bancorp, Inc. will post 3.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, October 31st. East West Bancorp’s dividend payout ratio (DPR) is presently 21.98%.

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In other East West Bancorp news, Director Rudolph Estrada sold 1,916 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $55.97, for a total transaction of $107,238.52. Following the completion of the transaction, the director now owns 15,475 shares of the company’s stock, valued at approximately $866,135.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Herman Y. Li sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the director now directly owns 40,130 shares of the company’s stock, valued at approximately $2,447,930. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut East West Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut East West Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $57.00 price objective on shares of East West Bancorp in a report on Tuesday, September 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $63.00 price objective (up from $61.00) on shares of East West Bancorp in a report on Wednesday, October 4th. Finally, Raymond James Financial, Inc. upgraded East West Bancorp from an “underperform” rating to a “market perform” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $64.60.

About East West Bancorp

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

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Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

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