East West Bancorp Inc. (NASDAQ:EWBC) declared a quarterly dividend on Wednesday, October 19th. Shareholders of record on Tuesday, November 1st will be paid a dividend of 0.20 per share by the financial services provider on Tuesday, November 15th. This represents a $0.80 annualized dividend and a yield of 2.05%.

Shares of East West Bancorp (NASDAQ:EWBC) traded up 1.25% on Wednesday, reaching $39.01. The company’s stock had a trading volume of 1,105,151 shares. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 14.29 and a beta of 1.55. East West Bancorp has a 12 month low of $27.25 and a 12 month high of $43.94. The stock has a 50 day moving average of $37.13 and a 200-day moving average of $35.90.

Dividend History for East West Bancorp (NASDAQ:EWBC)

A number of research analysts recently commented on EWBC shares. Zacks Investment Research raised East West Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Macquarie raised East West Bancorp from a “neutral” rating to an “outperform” rating in a research note on Friday, July 22nd. Deutsche Bank AG increased their target price on East West Bancorp from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. BMO Capital Markets reissued a “buy” rating and issued a $41.00 target price on shares of East West Bancorp in a research note on Friday, July 22nd. Finally, Barclays PLC increased their target price on East West Bancorp from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, October 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $43.43.

In related news, Director Jack C. Liu sold 2,101 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $37.35, for a total value of $78,472.35. Following the sale, the director now directly owns 29,006 shares of the company’s stock, valued at $1,083,374.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudolph Estrada sold 2,888 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $34.62, for a total value of $99,982.56. Following the completion of the sale, the director now directly owns 15,261 shares in the company, valued at $528,335.82. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in East West Bancorp by 3.9% in the second quarter. BlackRock Fund Advisors now owns 5,241,234 shares of the financial services provider’s stock valued at $179,145,000 after buying an additional 198,258 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in East West Bancorp by 55.2% in the second quarter. Thrivent Financial for Lutherans now owns 492,153 shares of the financial services provider’s stock valued at $16,821,000 after buying an additional 174,950 shares during the last quarter. Credit Suisse AG boosted its stake in East West Bancorp by 115.9% in the second quarter. Credit Suisse AG now owns 269,355 shares of the financial services provider’s stock valued at $9,205,000 after buying an additional 144,574 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in East West Bancorp by 2.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,368,871 shares of the financial services provider’s stock valued at $149,328,000 after buying an additional 109,499 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in East West Bancorp by 145.1% in the second quarter. State of Tennessee Treasury Department now owns 168,900 shares of the financial services provider’s stock valued at $5,773,000 after buying an additional 100,000 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

About East West Bancorp

East West Bancorp, Inc (East West) 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 operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network.

5 Day Chart for NASDAQ:EWBC

Receive News & Stock Ratings for East West Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp Inc. and related stocks with our FREE daily email newsletter.