Dominic Ng Sells 5,771 Shares of East West Bancorp, Inc. (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) CEO Dominic Ng sold 5,771 shares of East West Bancorp stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $72.65, for a total value of $419,263.15. Following the completion of the transaction, the chief executive officer now directly owns 441,764 shares in the company, valued at $32,094,154.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dominic Ng also recently made the following trade(s):

  • On Monday, June 18th, Dominic Ng sold 5,770 shares of East West Bancorp stock. The stock was sold at an average price of $69.77, for a total value of $402,572.90.
  • On Friday, June 15th, Dominic Ng sold 5,770 shares of East West Bancorp stock. The stock was sold at an average price of $69.67, for a total value of $401,995.90.
  • On Wednesday, June 13th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $70.49, for a total value of $406,797.79.
  • On Monday, June 11th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $71.78, for a total value of $414,242.38.
  • On Wednesday, June 6th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $72.57, for a total value of $418,801.47.
  • On Monday, June 4th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $71.27, for a total value of $411,299.17.
  • On Friday, June 1st, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $71.10, for a total value of $410,318.10.
  • On Tuesday, May 29th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $69.27, for a total value of $399,757.17.
  • On Friday, May 25th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $70.49, for a total value of $406,797.79.
  • On Wednesday, May 23rd, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $71.42, for a total value of $412,164.82.

Shares of EWBC opened at $70.20 on Thursday. East West Bancorp, Inc. has a one year low of $52.86 and a one year high of $73.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $10.17 billion, a P/E ratio of 20.29, a PEG ratio of 1.47 and a beta of 1.41.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings results on Thursday, April 19th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.13. The business had revenue of $401.14 million during the quarter, compared to the consensus estimate of $364.81 million. East West Bancorp had a return on equity of 14.15% and a net margin of 32.46%. During the same quarter last year, the firm posted $0.88 EPS. equities research analysts predict that East West Bancorp, Inc. will post 4.55 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Delpha Capital Management LLC bought a new stake in shares of East West Bancorp during the first quarter worth about $222,000. Signition LP acquired a new position in shares of East West Bancorp in the fourth quarter worth approximately $239,000. Gideon Capital Advisors Inc. acquired a new position in East West Bancorp in the first quarter valued at approximately $280,000. Susquehanna Fundamental Investments LLC acquired a new position in East West Bancorp in the first quarter valued at approximately $331,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in East West Bancorp by 107.4% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,600 shares of the financial services provider’s stock valued at $341,000 after buying an additional 2,900 shares during the period. Institutional investors own 89.72% of the company’s stock.

Several equities analysts have recently commented on EWBC shares. ValuEngine lowered East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. DA Davidson reduced their price target on East West Bancorp from $75.00 to $74.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 24th. Deutsche Bank lifted their price objective on East West Bancorp from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, May 4th. BidaskClub cut East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 16th. Finally, Morgan Stanley raised their target price on East West Bancorp from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 24th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $72.92.

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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

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