East West Bancorp (NASDAQ:EWBC) Insider Sells $1,442,905.00 in Stock

East West Bancorp, Inc. (NASDAQ:EWBC) insider Irene Oh sold 12,547 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $115.00, for a total value of $1,442,905.00. Following the transaction, the insider owned 93,167 shares of the company’s stock, valued at approximately $10,714,205. The trade was a 11.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

East West Bancorp Stock Performance

EWBC stock traded up $0.19 during mid-day trading on Wednesday, reaching $114.66. The company had a trading volume of 671,631 shares, compared to its average volume of 507,794. East West Bancorp, Inc. has a one year low of $68.27 and a one year high of $116.50. The stock has a market capitalization of $15.78 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.27 and a beta of 0.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $104.56 and its two-hundred day simple moving average is $103.57.

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

East West Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, November 3rd. East West Bancorp’s payout ratio is 26.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EWBC shares. Piper Sandler raised their price target on East West Bancorp from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Morgan Stanley boosted their price target on shares of East West Bancorp from $111.00 to $126.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Wall Street Zen upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Deutsche Bank Aktiengesellschaft initiated coverage on East West Bancorp in a report on Tuesday. They set a “buy” rating and a $133.00 target price on the stock. Finally, Cowen began coverage on East West Bancorp in a research note on Wednesday, September 24th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, East West Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $124.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of East West Bancorp during the 3rd quarter valued at $26,000. Park Place Capital Corp acquired a new position in shares of East West Bancorp in the 2nd quarter valued at $27,000. WPG Advisers LLC purchased a new position in East West Bancorp in the 1st quarter worth about $28,000. SVB Wealth LLC acquired a new stake in East West Bancorp during the 1st quarter worth about $29,000. Finally, Chung Wu Investment Group LLC acquired a new position in shares of East West Bancorp in the second quarter worth about $30,000. Institutional investors own 89.53% of the company’s stock.

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.