Insider Selling: East West Bancorp (NASDAQ:EWBC) Director Sells $105,400.00 in Stock

East West Bancorp, Inc. (NASDAQ:EWBC) Director Molly Campbell sold 1,000 shares of East West Bancorp stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $105.40, for a total value of $105,400.00. Following the completion of the sale, the director directly owned 9,076 shares in the company, valued at approximately $956,610.40. This represents a 9.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Molly Campbell also recently made the following trade(s):

• On Friday, November 7th, Molly Campbell sold 1,000 shares of East West Bancorp stock. The stock was sold at an average price of $102.21, for a total value of $102,210.00.
• On Friday, October 31st, Molly Campbell sold 980 shares of East West Bancorp stock. The stock was sold at an average price of $101.02, for a total transaction of $98,999.60.

East West Bancorp Price Performance

NASDAQ EWBC opened at $102.82 on Friday. The firm’s 50 day moving average is $104.22 and its 200-day moving average is $100.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $14.15 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. East West Bancorp, Inc. has a 12-month low of $68.27 and a 12-month high of $113.95.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Monday, December 11th. The financial services provider reported $2.08 earnings per share for the quarter. East West Bancorp had a net margin of 27.16% and a return on equity of 15.55%. The business had revenue of $627.36 million during the quarter. Equities research analysts anticipate that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a $0.60 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. East West Bancorp’s dividend payout ratio (DPR) is presently 26.46%.

Analyst Ratings Changes

Several analysts recently issued reports on EWBC shares. Keefe, Bruyette & Woods upped their target price on East West Bancorp from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Citigroup boosted their price target on East West Bancorp from $124.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Weiss Ratings downgraded East West Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Morgan Stanley boosted their target price on shares of East West Bancorp from $111.00 to $126.00 and gave the stock an “underperform” rating in a report on Monday, September 29th. Finally, Piper Sandler upped their price target on shares of East West Bancorp from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Xponance Inc. increased its position in shares of East West Bancorp by 1.9% in the first quarter. Xponance Inc. now owns 16,141 shares of the financial services provider’s stock worth $1,449,000 after purchasing an additional 302 shares during the period. Cerity Partners LLC lifted its position in East West Bancorp by 35.9% during the first quarter. Cerity Partners LLC now owns 16,157 shares of the financial services provider’s stock worth $1,450,000 after purchasing an additional 4,271 shares during the period. US Bancorp DE grew its stake in East West Bancorp by 880.7% during the second quarter. US Bancorp DE now owns 21,625 shares of the financial services provider’s stock worth $2,184,000 after buying an additional 19,420 shares in the last quarter. Deutsche Bank AG increased its holdings in East West Bancorp by 16.5% in the 1st quarter. Deutsche Bank AG now owns 21,516 shares of the financial services provider’s stock valued at $1,931,000 after buying an additional 3,052 shares during the period. Finally, Westfield Capital Management Co. LP increased its holdings in East West Bancorp by 203.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 817,306 shares of the financial services provider’s stock valued at $73,361,000 after buying an additional 547,556 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.

About East West Bancorp

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.