Crossmark Global Holdings Inc. purchased a new position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,864 shares of the financial services provider’s stock, valued at approximately $769,000.

Several other large investors also recently made changes to their positions in EWBC. Pictet Asset Management Ltd. grew its stake in shares of East West Bancorp by 11.1% in the third quarter. Pictet Asset Management Ltd. now owns 54,200 shares of the financial services provider’s stock worth $3,240,000 after purchasing an additional 5,400 shares during the last quarter. Korea Investment CORP grew its stake in shares of East West Bancorp by 11.9% in the third quarter. Korea Investment CORP now owns 173,000 shares of the financial services provider’s stock worth $10,342,000 after purchasing an additional 18,400 shares during the last quarter. Aperio Group LLC grew its stake in shares of East West Bancorp by 2.3% in the third quarter. Aperio Group LLC now owns 55,827 shares of the financial services provider’s stock worth $3,337,000 after purchasing an additional 1,253 shares during the last quarter. Community Financial Services Group LLC grew its stake in shares of East West Bancorp by 0.7% in the third quarter. Community Financial Services Group LLC now owns 124,294 shares of the financial services provider’s stock worth $7,430,000 after purchasing an additional 873 shares during the last quarter. Finally, TIAA FSB grew its stake in shares of East West Bancorp by 25.2% in the third quarter. TIAA FSB now owns 48,514 shares of the financial services provider’s stock worth $2,900,000 after purchasing an additional 9,774 shares during the last quarter. Institutional investors own 90.58% of the company’s stock.

East West Bancorp, Inc. (NASDAQ EWBC) opened at $57.03 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. East West Bancorp, Inc. has a fifty-two week low of $45.26 and a fifty-two week high of $61.90. The firm has a market cap of $8,189.80, a PE ratio of 16.96, a PEG ratio of 1.54 and a beta of 1.47.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.80 annualized dividend and a yield of 1.40%. East West Bancorp’s dividend payout ratio (DPR) is 21.98%.

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

EWBC has been the topic of several analyst reports. BMO Capital Markets boosted their price objective on shares of East West Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Raymond James Financial, Inc. raised shares of East West Bancorp from an “underperform” rating to a “market perform” rating in a research note on Thursday, October 5th. Zacks Investment Research cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Morgan Stanley reissued an “equal weight” rating and issued a $63.00 price objective (up previously from $61.00) on shares of East West Bancorp in a research note on Wednesday, October 4th. Finally, BidaskClub cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. East West Bancorp has an average rating of “Hold” and an average target price of $64.60.

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East West Bancorp Company Profile

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.

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

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