East West Bancorp, Inc. (NASDAQ:EWBC) Director Molly Campbell sold 461 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $65.11, for a total value of $30,015.71. Following the transaction, the director now directly owns 5,448 shares in the company, valued at $354,719.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of East West Bancorp stock traded down $0.55 during trading on Monday, reaching $65.11. The company had a trading volume of 829,475 shares, compared to its average volume of 936,060. East West Bancorp, Inc. has a 1-year low of $48.07 and a 1-year high of $69.25. The company has a market capitalization of $9,490.76, a P/E ratio of 18.82, a P/E/G ratio of 1.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.98 and a quick ratio of 0.98.

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East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.04). East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. The company had revenue of $365.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same quarter last year, the company posted $0.76 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. sell-side analysts anticipate that East West Bancorp, Inc. will post 4.4 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in EWBC. National Pension Service bought a new stake in East West Bancorp during the fourth quarter worth $116,000. Contravisory Investment Management Inc. bought a new stake in East West Bancorp during the fourth quarter worth $129,000. Field & Main Bank bought a new stake in East West Bancorp during the fourth quarter worth $146,000. Advisor Partners LLC bought a new stake in East West Bancorp during the fourth quarter worth $213,000. Finally, YHB Investment Advisors Inc. bought a new stake in East West Bancorp during the fourth quarter worth $217,000. Institutional investors and hedge funds own 91.66% of the company’s stock.

A number of brokerages have recently weighed in on EWBC. BidaskClub lowered East West Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered East West Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Deutsche Bank raised East West Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. ValuEngine raised East West Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley upped their target price on East West Bancorp from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $69.50.

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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.

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