Insider Selling: Julia Gouw Sells 14,800 Shares of East West Bancorp Stock (EWBC)
East West Bancorp (NASDAQ:EWBC) President Julia Gouw unloaded 14,800 shares of the company’s stock on the open market in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $33.99, for a total transaction of $503,052.00. Following the sale, the president now directly owns 311,373 shares of the company’s stock, valued at approximately $10,583,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
EWBC has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of East West Bancorp from $31.00 to $39.00 in a research note to investors on Monday, October 21st. Separately, analysts at Bank of America Corp. reiterated a “hold” rating on shares of East West Bancorp in a research note to investors on Friday, October 18th. They now have a $34.00 price target on the stock. Finally, analysts at DA Davidson raised their price target on shares of East West Bancorp from $33.00 to $37.50 in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. East West Bancorp presently has a consensus rating of “Hold” and an average target price of $32.73.
Shares of East West Bancorp (NASDAQ:EWBC) traded down 0.34% during mid-day trading on Friday, hitting $33.575. The stock had a trading volume of 613,156 shares. East West Bancorp has a 52 week low of $19.68 and a 52 week high of $34.71. The stock has a 50-day moving average of $32.48 and a 200-day moving average of $28.94. The company has a market cap of $4.601 billion and a price-to-earnings ratio of 16.43.
East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.01. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, analysts predict that East West Bancorp will post $2.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, October 29th.
East West Bancorp, Inc (NASDAQ:EWBC) is a bank holding company.
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