Key Points
- Director Molly Campbell sold 1,000 shares on Nov. 11 at an average price of $105.40 (≈$105,400), her third recent sale (also 1,000 on Nov. 7 and 980 on Oct. 31), reducing her stake by 9.92% to 9,076 shares.
- EWBC traded around $105.45 with a market cap of $14.53B, reported $2.08 EPS for the quarter, and pays a $0.60 quarterly dividend (annualized $2.40, ~2.3% yield); the stock’s 52‑week range is $68.27–$113.95.
- Institutional investors own about 89.53% of the stock, and analyst sentiment is generally positive (consensus rating "Moderate Buy" with a target price around $124.08).
East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) Director Molly Campbell sold 1,000 shares of the company's stock in a transaction 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 transaction, the director directly owned 9,076 shares in the company, valued at $956,610.40. This represents a 9.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
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 shares were 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 shares were sold at an average price of $101.02, for a total value of $98,999.60.
East West Bancorp Trading Up 0.1%
EWBC stock traded up $0.10 during midday trading on Thursday, reaching $105.45. The company's stock had a trading volume of 40,279 shares, compared to its average volume of 983,279. The stock has a market cap of $14.53 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. East West Bancorp, Inc. has a 52 week low of $68.27 and a 52 week high of $113.95. 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 business's 50-day simple moving average is $104.41 and its 200-day simple moving average is $100.62.
East West Bancorp (NASDAQ:EWBC - Get Free Report) 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 during the quarter. East West Bancorp had a net margin of 27.16% and a return on equity of 15.55%. As a group, sell-side analysts expect that East West Bancorp, Inc. will post 8.85 EPS for the current year.
East West Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 3rd. East West Bancorp's payout ratio is currently 26.46%.
Institutional Trading of East West Bancorp
Hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management lifted its position in shares of East West Bancorp by 1,971.4% in the first quarter. Picton Mahoney Asset Management now owns 290 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 276 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of East West Bancorp in the 3rd quarter valued at about $26,000. Park Place Capital Corp purchased a new stake in East West Bancorp during the second quarter valued at approximately $27,000. WPG Advisers LLC purchased a new position in shares of East West Bancorp in the 1st quarter worth approximately $28,000. Finally, SVB Wealth LLC bought a new position in shares of East West Bancorp during the 1st quarter valued at approximately $29,000. Institutional investors own 89.53% of the company's stock.
Analyst Ratings Changes
EWBC has been the topic of a number of recent research reports. Piper Sandler raised their target price on East West Bancorp from $100.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, September 8th. Cantor Fitzgerald assumed coverage on East West Bancorp in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $124.00 target price on the stock. Weiss Ratings downgraded East West Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods raised their price target on shares of East West Bancorp from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised East West Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $124.08.
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About East West Bancorp
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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.
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