Coldstream Capital Management Inc. Sells 471 Shares of East West Bancorp, Inc. (NASDAQ:EWBC)

Coldstream Capital Management Inc. reduced its stake in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,901 shares of the financial services provider’s stock after selling 471 shares during the quarter. Coldstream Capital Management Inc.’s holdings in East West Bancorp were worth $738,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EWBC. Capital Performance Advisors LLP purchased a new position in shares of East West Bancorp during the third quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in East West Bancorp during the 2nd quarter valued at approximately $30,000. UMB Bank n.a. grew its holdings in shares of East West Bancorp by 362.8% during the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 283 shares during the period. American Capital Advisory LLC bought a new position in shares of East West Bancorp in the 2nd quarter worth approximately $31,000. Finally, Signaturefd LLC lifted its stake in shares of East West Bancorp by 490.1% in the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 446 shares during the period. 89.53% of the stock is currently owned by institutional investors.

East West Bancorp Trading Down 1.5 %

NASDAQ:EWBC opened at $101.58 on Friday. East West Bancorp, Inc. has a 52 week low of $67.27 and a 52 week high of $113.95. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 3.05 and a beta of 1.28. The company’s 50 day moving average price is $99.59 and its 200-day moving average price is $85.45. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $641.80 million. During the same quarter last year, the company earned $2.02 EPS. On average, equities research analysts forecast that East West Bancorp, Inc. will post 8.39 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.17%. The ex-dividend date was Monday, November 4th. East West Bancorp’s dividend payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EWBC. DA Davidson upped their price target on East West Bancorp from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Barclays boosted their price objective on shares of East West Bancorp from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Compass Point upped their price objective on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Truist Financial lifted their target price on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.17.

Insider Activity

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.00. Following the transaction, the insider now directly owns 45,403 shares in the company, valued at $4,840,413.83. This trade represents a 20.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Rudolph Estrada sold 469 shares of East West Bancorp stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total value of $45,980.76. Following the completion of the sale, the director now directly owns 17,750 shares of the company’s stock, valued at $1,740,210. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,969 shares of company stock valued at $2,458,276 in the last 90 days. 1.04% of the stock is currently owned by insiders.

East West Bancorp Company Profile

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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.