Coldstream Capital Management Inc. Grows Position in East West Bancorp, Inc. (NASDAQ:EWBC)

Coldstream Capital Management Inc. raised its position in East West Bancorp, Inc. (NASDAQ:EWBC) by 55.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,828 shares of the financial services provider’s stock after purchasing an additional 2,805 shares during the period. Coldstream Capital Management Inc.’s holdings in East West Bancorp were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EWBC. Raymond James Financial Services Advisors Inc. grew its holdings in shares of East West Bancorp by 17.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,042 shares of the financial services provider’s stock worth $266,000 after buying an additional 759 shares during the last quarter. M&T Bank Corp grew its stake in shares of East West Bancorp by 4.8% in the 3rd quarter. M&T Bank Corp now owns 31,725 shares of the financial services provider’s stock valued at $1,672,000 after purchasing an additional 1,443 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of East West Bancorp by 1.1% in the third quarter. California Public Employees Retirement System now owns 278,013 shares of the financial services provider’s stock valued at $14,654,000 after purchasing an additional 3,044 shares during the period. Private Advisor Group LLC raised its stake in shares of East West Bancorp by 9.1% during the third quarter. Private Advisor Group LLC now owns 7,406 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 615 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of East West Bancorp by 23.1% during the third quarter. LSV Asset Management now owns 575,900 shares of the financial services provider’s stock worth $30,356,000 after purchasing an additional 108,200 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.

East West Bancorp Trading Down 1.6 %

NASDAQ:EWBC opened at $73.68 on Friday. East West Bancorp, Inc. has a 52-week low of $47.39 and a 52-week high of $79.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $75.83 and a 200-day simple moving average of $71.67. The company has a market capitalization of $10.25 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 3.81 and a beta of 1.38.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. The company had revenue of $644.13 million during the quarter, compared to analysts’ expectations of $636.77 million. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 earnings per share. On average, equities research analysts expect that East West Bancorp, Inc. will post 8.03 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.99%. The ex-dividend date was Thursday, May 2nd. East West Bancorp’s payout ratio is 27.71%.

Insider Transactions at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total transaction of $775,800.00. Following the sale, the insider now directly owns 127,193 shares of the company’s stock, valued at approximately $9,867,632.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $73.58, for a total transaction of $147,160.00. Following the completion of the transaction, the director now owns 16,739 shares of the company’s stock, valued at approximately $1,231,655.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Irene H. Oh sold 10,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $77.58, for a total value of $775,800.00. Following the completion of the transaction, the insider now directly owns 127,193 shares in the company, valued at $9,867,632.94. The disclosure for this sale can be found here. Insiders sold a total of 13,625 shares of company stock valued at $1,048,508 over the last three months. 1.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EWBC has been the topic of several recent research reports. Morgan Stanley boosted their price objective on shares of East West Bancorp from $76.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods boosted their price target on shares of East West Bancorp from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Stephens raised their price objective on shares of East West Bancorp from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Barclays started coverage on East West Bancorp in a research report on Friday, March 8th. They set an “overweight” rating and a $106.00 target price on the stock. Finally, Wedbush restated an “outperform” rating and issued a $90.00 price target on shares of East West Bancorp in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

East West Bancorp 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.