East West Bancorp, Inc. (NASDAQ:EWBC) Director Rudolph Estrada sold 1,916 shares of East West Bancorp stock in a transaction on Monday, September 18th. The shares were sold at an average price of $55.97, for a total value of $107,238.52. Following the sale, the director now directly owns 15,475 shares of the company’s stock, valued at $866,135.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.81 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.81. East West Bancorp had a return on equity of 13.31% and a net margin of 34.63%. The company had revenue of $337.49 million for the quarter, compared to analysts’ expectations of $329.32 million. During the same period last year, the firm earned $0.71 earnings per share.

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Several institutional investors and hedge funds have recently bought and sold shares of EWBC. Toronto Dominion Bank acquired a new stake in shares of East West Bancorp during the second quarter worth about $104,000. Strs Ohio acquired a new stake in shares of East West Bancorp during the second quarter worth about $110,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of East West Bancorp during the second quarter worth about $138,000. D.A. Davidson & CO. increased its position in shares of East West Bancorp by 1.0% during the second quarter. D.A. Davidson & CO. now owns 2,508 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 26 shares in the last quarter. Finally, Americafirst Capital Management LLC acquired a new stake in shares of East West Bancorp during the second quarter worth about $149,000. Institutional investors and hedge funds own 90.48% of the company’s stock.

EWBC has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on East West Bancorp from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, June 6th. BidaskClub raised East West Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Piper Jaffray Companies set a $68.00 price target on East West Bancorp and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $57.00 price target on shares of East West Bancorp in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. East West Bancorp presently has a consensus rating of “Hold” and an average target price of $62.88.

About East West Bancorp

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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