Crossmark Global Holdings Inc. lessened its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 10.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,774 shares of the financial services provider’s stock after selling 1,610 shares during the period. Crossmark Global Holdings Inc.’s holdings in East West Bancorp were worth $600,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of East West Bancorp by 3.8% during the 4th quarter. Advisors Asset Management Inc. now owns 24,833 shares of the financial services provider’s stock valued at $1,081,000 after acquiring an additional 904 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of East West Bancorp by 24.0% during the 4th quarter. Handelsbanken Fonder AB now owns 2,666,336 shares of the financial services provider’s stock valued at $116,066,000 after acquiring an additional 516,920 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of East West Bancorp by 18.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,954 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 614 shares during the last quarter. Cim LLC increased its stake in shares of East West Bancorp by 42.8% during the 4th quarter. Cim LLC now owns 11,965 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 3,585 shares during the last quarter. Finally, Signition LP increased its stake in shares of East West Bancorp by 24.5% during the 4th quarter. Signition LP now owns 5,894 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 1,159 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. TheStreet upgraded East West Bancorp from a “c+” rating to a “b” rating in a report on Thursday, February 7th. DA Davidson upgraded East West Bancorp from a “neutral” rating to a “buy” rating in a report on Tuesday, November 27th. Barclays reiterated a “buy” rating and set a $69.00 target price on shares of East West Bancorp in a report on Friday, January 11th. Morgan Stanley decreased their target price on East West Bancorp from $67.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, December 11th. Finally, BidaskClub upgraded East West Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $69.40.

In other East West Bancorp news, Director Rudolph Estrada sold 1,902 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $52.64, for a total value of $100,121.28. Following the completion of the transaction, the director now owns 15,089 shares in the company, valued at approximately $794,284.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Shares of NASDAQ:EWBC opened at $53.47 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. East West Bancorp, Inc. has a 1 year low of $40.05 and a 1 year high of $73.98. The stock has a market cap of $7.53 billion, a PE ratio of 11.47, a PEG ratio of 0.97 and a beta of 1.55.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The firm had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $408.61 million. East West Bancorp had a return on equity of 16.26% and a net margin of 37.78%. East West Bancorp’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. As a group, sell-side analysts forecast that East West Bancorp, Inc. will post 5.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Monday, February 4th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, February 1st. East West Bancorp’s dividend payout ratio is presently 19.74%.

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About East West Bancorp

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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

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