Insider Selling: East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Sells $1,279,320.00 in Stock

East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Douglas Paul Krause sold 12,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 45,403 shares in the company, valued at approximately $4,840,413.83. The trade was a 20.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

East West Bancorp Trading Down 0.3 %

Shares of EWBC stock opened at $103.57 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $88.75 and a 200-day moving average of $81.10. East West Bancorp, Inc. has a 52-week low of $60.26 and a 52-week high of $107.68. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 3.11 and a beta of 1.27.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly 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 net margin of 24.96% and a return on equity of 16.07%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $641.80 million. During the same quarter last year, the company earned $2.02 earnings per share. On average, equities research analysts forecast that East West Bancorp, Inc. will post 8.34 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Monday, November 4th. East West Bancorp’s dividend payout ratio (DPR) is 27.78%.

Analyst Ratings Changes

Several equities analysts have commented on EWBC shares. Truist Financial increased their target price on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Wells Fargo & Company boosted their target price on shares of East West Bancorp from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Stephens raised their price target on East West Bancorp from $91.00 to $104.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Compass Point boosted their price objective on East West Bancorp from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in shares of East West Bancorp during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new stake in East West Bancorp during the second quarter worth about $30,000. UMB Bank n.a. increased its holdings in shares of East West Bancorp by 362.8% during the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after buying an additional 283 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of East West Bancorp in the second quarter valued at approximately $31,000. Finally, Signaturefd LLC boosted its holdings 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 worth $39,000 after acquiring an additional 446 shares in the last quarter. 89.53% of the stock is owned by institutional investors.

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