Molly Campbell Sells 1,520 Shares of East West Bancorp (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) Director Molly Campbell sold 1,520 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $104.73, for a total transaction of $159,189.60. Following the transaction, the director owned 7,556 shares in the company, valued at $791,339.88. The trade was a 16.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, November 11th, Molly Campbell sold 1,000 shares of East West Bancorp stock. The shares were sold at an average price of $105.40, for a total value of $105,400.00.
• 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 value of $98,999.60.

East West Bancorp Trading Down 0.2%

EWBC traded down $0.22 during trading hours on Monday, reaching $104.27. 585,567 shares of the company’s stock traded hands, compared to its average volume of 970,497. The firm has a 50-day moving average price of $103.42 and a 200 day moving average price of $101.56. The firm has a market capitalization of $14.35 billion, a PE ratio of 11.50, a PEG ratio of 1.12 and a beta of 0.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.35. East West Bancorp, Inc. has a 52-week low of $68.27 and a 52-week 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. The business had revenue of $627.36 million for the quarter. East West Bancorp had a return on equity of 15.55% and a net margin of 27.16%. As a group, sell-side analysts predict that East West Bancorp, Inc. will post 8.85 EPS for the current fiscal year.

East West Bancorp Announces Dividend

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

Analysts Set New Price Targets

EWBC has been the topic of a number of research analyst reports. TD Cowen assumed coverage on shares of East West Bancorp in a research note on Thursday, September 25th. They issued a “buy” rating and a $139.00 target price on the stock. Morgan Stanley boosted their price target on East West Bancorp from $111.00 to $126.00 and gave the company an “underperform” rating in a report on Monday, September 29th. Wall Street Zen upgraded East West Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Zacks Research upgraded East West Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, UBS Group cut their price target on East West Bancorp from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, East West Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $124.08.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EWBC. US Bancorp DE grew its position in shares of East West Bancorp by 880.7% in the 2nd 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 during the last quarter. Deutsche Bank AG lifted its position in East West Bancorp by 16.5% during the first quarter. Deutsche Bank AG now owns 21,516 shares of the financial services provider’s stock valued at $1,931,000 after acquiring an additional 3,052 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in East West Bancorp by 203.0% in the first quarter. Westfield Capital Management Co. LP now owns 817,306 shares of the financial services provider’s stock valued at $73,361,000 after acquiring an additional 547,556 shares in the last quarter. Invesco Ltd. grew its holdings in East West Bancorp by 155.6% in the first quarter. Invesco Ltd. now owns 7,714,661 shares of the financial services provider’s stock worth $692,468,000 after purchasing an additional 4,696,157 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of East West Bancorp during the first quarter worth $2,187,000. 89.53% of the stock is owned by institutional investors.

East West Bancorp Company Profile

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.