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.
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.
ILLEGAL ACTIVITY WARNING: “East West Bancorp, Inc. (EWBC) Director Jack C. Liu Sells 2,200 Shares” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/29/east-west-bancorp-inc-ewbc-director-jack-c-liu-sells-2200-shares.html.
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.
Receive News & Ratings for East West Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.