Insider Selling: East West Bancorp, Inc. (EWBC) Director Sells 461 Shares of Stock

East West Bancorp, Inc. (NASDAQ:EWBC) Director Molly Campbell sold 461 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $65.11, for a total transaction of $30,015.71. Following the transaction, the director now owns 5,448 shares in the company, valued at $354,719.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:EWBC opened at $61.58 on Wednesday. The firm has a market capitalization of $8,716.00, a PE ratio of 17.48, a P/E/G ratio of 1.30 and a beta of 1.42. East West Bancorp, Inc. has a one year low of $48.76 and a one year high of $69.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98.

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East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.04). East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. The company had revenue of $365.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period in the previous year, the company earned $0.76 EPS. East West Bancorp’s quarterly revenue was up 13.5% on a year-over-year basis. research analysts expect that East West Bancorp, Inc. will post 4.4 EPS for the current fiscal year.

EWBC has been the topic of several analyst reports. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Monday, January 8th. BidaskClub cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Sandler O’Neill reiterated a “buy” rating and issued a $76.00 target price on shares of East West Bancorp in a research note on Friday, January 26th. ValuEngine upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley boosted their price target on shares of East West Bancorp from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $70.08.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of East West Bancorp by 1.5% in the 4th quarter. BlackRock Inc. now owns 13,767,215 shares of the financial services provider’s stock valued at $837,459,000 after purchasing an additional 199,886 shares in the last quarter. Boston Partners boosted its stake in shares of East West Bancorp by 3.2% in the 4th quarter. Boston Partners now owns 6,828,822 shares of the financial services provider’s stock valued at $415,397,000 after purchasing an additional 209,514 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of East West Bancorp by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,395,572 shares of the financial services provider’s stock valued at $260,261,000 after purchasing an additional 62,345 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of East West Bancorp by 11.3% in the 4th quarter. Jennison Associates LLC now owns 2,916,015 shares of the financial services provider’s stock valued at $177,381,000 after purchasing an additional 294,977 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its stake in shares of East West Bancorp by 185.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,861,528 shares of the financial services provider’s stock valued at $174,067,000 after purchasing an additional 1,859,004 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

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East West Bancorp Company Profile

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

Insider Buying and Selling by Quarter for East West Bancorp (NASDAQ:EWBC)

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