Molly Campbell Sells 1,520 Shares of East West Bancorp (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) Director Molly Campbell sold 1,520 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $104.73, for a total value of $159,189.60. Following the sale, the director owned 7,556 shares in the company, valued at $791,339.88. The trade was a 16.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Molly Campbell also recently made the following trade(s):

• On Tuesday, November 11th, Molly Campbell sold 1,000 shares of East West Bancorp stock. The stock was sold at an average price of $105.40, for a total transaction of $105,400.00.
• On Friday, November 7th, Molly Campbell sold 1,000 shares of East West Bancorp stock. The stock was sold at an average price of $102.21, for a total transaction of $102,210.00.
• On Friday, October 31st, Molly Campbell sold 980 shares of East West Bancorp stock. The stock was sold at an average price of $101.02, for a total transaction of $98,999.60.

East West Bancorp Stock Performance

Shares of NASDAQ:EWBC traded down $0.22 on Monday, hitting $104.27. 585,567 shares of the company were exchanged, compared to its average volume of 970,497. The firm has a market capitalization of $14.35 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.35. East West Bancorp, Inc. has a 1-year low of $68.27 and a 1-year high of $113.95. The stock’s 50 day moving average price is $103.42 and its 200 day moving average price is $101.56.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Monday, December 11th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter. East West Bancorp had a return on equity of 15.55% and a net margin of 27.16%.The company had revenue of $627.36 million during the quarter. Sell-side analysts predict that East West Bancorp, Inc. will post 8.85 EPS for the current year.

East West Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. East West Bancorp’s payout ratio is 26.46%.

Institutional Investors Weigh In On East West Bancorp

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. increased its stake in shares of East West Bancorp by 155.6% in the 1st quarter. Invesco Ltd. now owns 7,714,661 shares of the financial services provider’s stock valued at $692,468,000 after purchasing an additional 4,696,157 shares in the last quarter. Norges Bank acquired a new stake in East West Bancorp in the second quarter valued at approximately $174,431,000. Earnest Partners LLC purchased a new stake in shares of East West Bancorp in the first quarter valued at approximately $137,390,000. Nuveen LLC purchased a new stake in shares of East West Bancorp in the first quarter valued at approximately $83,330,000. Finally, Boston Partners raised its stake in shares of East West Bancorp by 39.6% during the 2nd quarter. Boston Partners now owns 3,241,088 shares of the financial services provider’s stock worth $327,271,000 after buying an additional 920,159 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of East West Bancorp from $111.00 to $126.00 and gave the stock an “underperform” rating in a report on Monday, September 29th. Zacks Research raised shares of East West Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Piper Sandler raised their target price on shares of East West Bancorp from $100.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Cowen began coverage on shares of East West Bancorp in a report on Wednesday, September 24th. They issued a “buy” rating on the stock. Finally, Citigroup increased their price target on East West Bancorp from $124.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $124.08.

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.