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

East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

East West Bancorp Trading Down 2.7 %

NASDAQ EWBC opened at $103.84 on Thursday. The company has a market capitalization of $14.40 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 3.11 and a beta of 1.27. East West Bancorp, Inc. has a 1-year low of $58.12 and a 1-year high of $107.68. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $88.31 and its 200-day simple moving average is $80.94.

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

East West Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 2.12%. The ex-dividend date of this dividend is Monday, November 4th. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EWBC shares. Stephens lifted their price target on East West Bancorp from $91.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Compass Point lifted their target price on shares of East West Bancorp from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of East West Bancorp from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Truist Financial lifted 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 report on Wednesday, October 23rd. Finally, StockNews.com raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, East West Bancorp presently has an average rating of “Moderate Buy” and an average price target of $102.25.

Institutional Trading of East West Bancorp

Large investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of East West Bancorp during the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in East West Bancorp during the second quarter worth $30,000. UMB Bank n.a. increased its holdings in shares of East West Bancorp by 362.8% during the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 283 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of East West Bancorp in the 2nd quarter valued at approximately $31,000. Finally, Signaturefd LLC lifted its holdings in East West Bancorp by 490.1% in the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 446 shares during the last quarter. 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.