The East West Bancorp Inc. (EWBC) Position Increased by Bradley Foster & Sargent Inc. CT

The East West Bancorp Inc. (EWBC) Position Increased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its position in shares of East West Bancorp Inc. (NASDAQ:EWBC) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,825 shares of the financial services provider’s stock after buying an additional 1,600 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in East West Bancorp were worth $801,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EWBC. Walleye Trading LLC raised its position in shares of East West Bancorp by 1,877.9% in the second quarter. Walleye Trading LLC now owns 3,224 shares of the financial services provider’s stock worth $110,000 after buying an additional 3,061 shares during the last quarter. Citizens Financial Group Inc RI raised its position in shares of East West Bancorp by 2.1% in the second quarter. Citizens Financial Group Inc RI now owns 3,585 shares of the financial services provider’s stock worth $123,000 after buying an additional 73 shares during the last quarter. American National Bank raised its position in shares of East West Bancorp by 51.2% in the third quarter. American National Bank now owns 3,693 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,250 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of East West Bancorp during the second quarter worth about $139,000. Finally, Nuveen Fund Advisors LLC acquired a new position in shares of East West Bancorp during the second quarter worth about $220,000. 85.42% of the stock is currently owned by institutional investors.

Shares of East West Bancorp Inc. (NASDAQ:EWBC) traded down 0.70% during midday trading on Thursday, reaching $49.35. The company’s stock had a trading volume of 494,141 shares. East West Bancorp Inc. has a 52-week low of $27.25 and a 52-week high of $52.40. The stock has a 50 day moving average price of $50.28 and a 200-day moving average price of $40.77. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 17.38 and a beta of 1.32.

A number of brokerages have issued reports on EWBC. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, November 15th. Deutsche Bank AG upped their price target on East West Bancorp from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, Barclays PLC upped their price target on East West Bancorp from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, December 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.20.

In other East West Bancorp news, insider Wendy H. Cai-Lee sold 1,782 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $50.41, for a total value of $89,830.62. Following the sale, the insider now owns 42,007 shares of the company’s stock, valued at approximately $2,117,572.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack C. Liu sold 1,547 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $40.00, for a total value of $61,880.00. Following the completion of the sale, the director now directly owns 27,459 shares in the company, valued at approximately $1,098,360. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

About East West Bancorp

East West Bancorp, Inc (East West) 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 operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network.

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