150,582 Shares in East West Bancorp, Inc. $EWBC Bought by Trillium Asset Management LLC

Trillium Asset Management LLC purchased a new position in East West Bancorp, Inc. (NASDAQ:EWBC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 150,582 shares of the financial services provider’s stock, valued at approximately $19,439,000. Trillium Asset Management LLC owned approximately 0.11% of East West Bancorp at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in East West Bancorp in the fourth quarter worth about $31,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in East West Bancorp during the second quarter worth $37,000. Kelleher Financial Advisors purchased a new position in East West Bancorp in the 2nd quarter valued at approximately $37,000. Danske Bank A S purchased a new stake in East West Bancorp during the second quarter worth approximately $39,000. Finally, Wilmington Savings Fund Society FSB raised its position in East West Bancorp by 44.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 366 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Insiders Place Their Bets

In related news, Vice Chairman Douglas Paul Krause sold 10,000 shares of East West Bancorp stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $123.50, for a total transaction of $1,235,000.00. Following the sale, the insider owned 46,974 shares of the company’s stock, valued at approximately $5,801,289. This trade represents a 17.55% 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 1,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $135.02, for a total transaction of $135,020.00. Following the completion of the transaction, the director directly owned 13,709 shares of the company’s stock, valued at approximately $1,850,989.18. The trade was a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,511 shares of company stock worth $4,312,741. 0.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $152.00 price objective on shares of East West Bancorp in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of East West Bancorp in a report on Friday, July 10th. Wall Street Zen raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Stephens upped their price target on shares of East West Bancorp from $129.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, DA Davidson lifted their price objective on East West Bancorp from $150.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, East West Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $141.92.

East West Bancorp Stock Performance

East West Bancorp stock opened at $129.89 on Friday. East West Bancorp, Inc. has a 12-month low of $92.67 and a 12-month high of $137.47. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $17.80 billion, a PE ratio of 12.49, a P/E/G ratio of 1.51 and a beta of 0.94. The business’s 50-day moving average price is $131.43 and its two-hundred day moving average price is $121.91.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.02. The firm had revenue of $789.98 million for the quarter, compared to analysts’ expectations of $784.47 million. East West Bancorp had a return on equity of 16.07% and a net margin of 30.45%.The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.24 EPS. As a group, analysts expect that East West Bancorp, Inc. will post 10.61 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. East West Bancorp’s dividend payout ratio (DPR) is presently 30.77%.

East West Bancorp Company Profile

East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.

Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.