East West Bancorp, Inc. (NASDAQ:EWBC) Director Jack C. Liu sold 2,200 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total transaction of $127,754.00. Following the completion of the transaction, the director now owns 23,599 shares of the company’s stock, valued at approximately $1,370,393.93. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of East West Bancorp, Inc. (EWBC) traded up $2.34 during trading on Wednesday, hitting $61.56. 901,500 shares of the company were exchanged, compared to its average volume of 926,771. The firm has a market cap of $8,331.45, a PE ratio of 17.26, a P/E/G ratio of 1.57 and a beta of 1.47. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. East West Bancorp, Inc. has a 1-year low of $46.31 and a 1-year high of $62.04.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $348.97 million during the quarter, compared to analysts’ expectations of $349.28 million. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. equities analysts predict that East West Bancorp, Inc. will post 3.49 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, October 31st. East West Bancorp’s dividend payout ratio (DPR) is currently 21.98%.

Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new stake in East West Bancorp during the 2nd quarter worth about $104,000. Strs Ohio bought a new stake in East West Bancorp during the 2nd quarter worth about $110,000. San Francisco Sentry Investment Group CA bought a new stake in East West Bancorp during the 2nd quarter worth about $138,000. D.A. Davidson & CO. grew its holdings in East West Bancorp by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 2,508 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 26 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in East West Bancorp during the 2nd quarter worth about $149,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. BidaskClub cut shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. SunTrust Banks restated a “buy” rating and issued a $68.00 price objective on shares of East West Bancorp in a research note on Wednesday. Zacks Investment Research cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $57.00 price objective on shares of East West Bancorp in a research note on Tuesday, September 26th. Finally, BMO Capital Markets restated a “hold” rating and issued a $61.00 price objective on shares of East West Bancorp in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.90.

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East West Bancorp Company Profile

East West Bancorp, Inc 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 is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

Insider Buying and Selling by Quarter for East West Bancorp (NASDAQ:EWBC)

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