East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Douglas Paul Krause Sells 12,000 Shares

East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total value of $1,279,320.00. Following the completion of the sale, the insider now directly owns 45,403 shares in the company, valued at $4,840,413.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

East West Bancorp Stock Performance

Shares of NASDAQ:EWBC opened at $103.84 on Thursday. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 3.11 and a beta of 1.27. The business’s fifty day moving average price is $88.31 and its two-hundred day moving average price is $80.94. East West Bancorp, Inc. has a fifty-two week low of $58.12 and a fifty-two week high of $107.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same quarter last year, the company posted $2.02 EPS. As a group, analysts predict that East West Bancorp, Inc. will post 8.34 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, November 4th. East West Bancorp’s dividend payout ratio (DPR) is currently 27.78%.

Institutional Investors Weigh In On East West Bancorp

Large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in East West Bancorp in the 3rd quarter valued at $25,000. UMB Bank n.a. raised its holdings in shares of East West Bancorp by 362.8% in the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after buying an additional 283 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in East West Bancorp during the 2nd quarter worth about $30,000. American Capital Advisory LLC bought a new stake in East West Bancorp during the 2nd quarter worth about $31,000. Finally, Tobam increased its position in East West Bancorp by 131.7% in the 3rd quarter. Tobam now owns 482 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays boosted their price objective on shares of East West Bancorp from $108.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Wedbush increased their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. DA Davidson boosted their price target on East West Bancorp from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price objective on East West Bancorp from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.25.

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.