East West Bancorp, Inc. Declares Dividend of $0.60 (NASDAQ:EWBC)

East West Bancorp, Inc. (NASDAQ:EWBC) declared a dividend on Monday, January 27th,investing.com reports. Investors of record on Tuesday, February 4th will be paid a dividend of 0.60 per share by the financial services provider on Monday, February 17th. This represents a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, February 3rd.

East West Bancorp has increased its dividend by an average of 18.6% per year over the last three years. East West Bancorp has a dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect East West Bancorp to earn $8.68 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 27.6%.

East West Bancorp Stock Performance

EWBC opened at $102.93 on Monday. East West Bancorp has a 12-month low of $67.27 and a 12-month high of $113.95. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $14.27 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30. The stock’s 50 day moving average price is $101.30 and its two-hundred day moving average price is $91.31.

Wall Street Analyst Weigh In

Several brokerages recently commented on EWBC. Wedbush raised their target price on East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Stephens lowered shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Barclays dropped their price target on shares of East West Bancorp from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley lifted their price objective on East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Compass Point increased their target price on East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.23.

Insider Buying and Selling at East West Bancorp

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the transaction, the insider now owns 45,403 shares in the company, valued at $4,840,413.83. The trade was a 20.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Molly Campbell sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $98.65, for a total value of $147,975.00. Following the completion of the transaction, the director now owns 10,639 shares of the company’s stock, valued at $1,049,537.35. This represents a 12.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,969 shares of company stock worth $2,458,276. Insiders own 1.04% of the company’s stock.

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.