Key Points
- Molly Campbell, a director of East West Bancorp, sold 1,520 shares on Nov. 24 at an average price of $104.73 for $159,189.60 and has made additional sales in November and October, reducing her ownership by 16.75% to 7,556 shares (≈$791,340).
- EWBC trades around $104.27 with a market cap of $14.35 billion, a P/E of 11.5, last quarter EPS of $2.08, and pays a quarterly dividend of $0.60 (≈2.3% yield).
- Analysts' consensus is a Moderate Buy with a $124.08 average price target, and several firms recently raised ratings or price objectives.
East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) Director Molly Campbell sold 1,520 shares of East West Bancorp stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $104.73, for a total transaction of $159,189.60. Following the sale, the director owned 7,556 shares of the company's stock, valued at approximately $791,339.88. This trade represents a 16.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 transaction 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 transaction 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 Down 0.2%
Shares of East West Bancorp stock opened at $104.27 on Tuesday. East West Bancorp, Inc. has a fifty-two week low of $68.27 and a fifty-two week high of $113.95. The business's fifty day moving average is $103.42 and its two-hundred day moving average is $101.56. 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 firm has a market cap of $14.35 billion, a PE ratio of 11.50, a P/E/G ratio of 1.12 and a beta of 0.97.
East West Bancorp (NASDAQ:EWBC - Get Free Report) last released its earnings results on Monday, December 11th. The financial services provider reported $2.08 EPS for the quarter. East West Bancorp had a return on equity of 15.55% and a net margin of 27.16%.The firm had revenue of $627.36 million during the quarter. Analysts anticipate that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.
East West Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, November 3rd. East West Bancorp's dividend payout ratio is presently 26.46%.
Analysts Set New Price Targets
Several research firms recently issued reports on EWBC. Weiss Ratings raised shares of East West Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, November 17th. Cowen assumed coverage on shares of East West Bancorp in a report on Wednesday, September 24th. They issued a "buy" rating on the stock. Barclays boosted their price objective on shares of East West Bancorp from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Truist Financial upped their price objective on East West Bancorp from $112.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, October 23rd. Finally, UBS Group cut their target price on East West Bancorp from $118.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given 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 price target of $124.08.
View Our Latest Analysis on EWBC
Hedge Funds Weigh In On East West Bancorp
A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its stake in shares of East West Bancorp by 880.7% in the second quarter. US Bancorp DE now owns 21,625 shares of the financial services provider's stock valued at $2,184,000 after buying an additional 19,420 shares in the last quarter. Deutsche Bank AG boosted its holdings in East West Bancorp by 16.5% in the 1st quarter. Deutsche Bank AG now owns 21,516 shares of the financial services provider's stock worth $1,931,000 after acquiring an additional 3,052 shares during the period. Westfield Capital Management Co. LP grew its position 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. raised its stake in shares of East West Bancorp by 155.6% during the first quarter. Invesco Ltd. now owns 7,714,661 shares of the financial services provider's stock valued at $692,468,000 after purchasing an additional 4,696,157 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of East West Bancorp during the first quarter worth $2,187,000. Hedge funds and other institutional investors own 89.53% of the company's stock.
East West Bancorp Company Profile
(
Get Free Report)
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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