Dominic Ng Sells 5,770 Shares of East West Bancorp, Inc. (EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) CEO Dominic Ng sold 5,770 shares of the firm’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $69.61, for a total value of $401,649.70. Following the completion of the sale, the chief executive officer now owns 409,142 shares in the company, valued at $28,480,374.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, June 20th, Dominic Ng sold 5,770 shares of East West Bancorp stock. The shares were sold at an average price of $70.11, for a total value of $404,534.70.
  • On Monday, June 18th, Dominic Ng sold 5,770 shares of East West Bancorp stock. The shares were 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 shares were 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 shares were 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 Friday, June 8th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $72.65, for a total value of $419,263.15.
  • 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 shares were 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 shares were 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 shares were sold at an average price of $69.27, for a total value of $399,757.17.

EWBC opened at $66.08 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. East West Bancorp, Inc. has a one year low of $52.86 and a one year high of $73.98. The stock has a market cap of $9.84 billion, a PE ratio of 18.35, a PEG ratio of 1.42 and a beta of 1.41.

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

A number of analysts have weighed in on the company. BidaskClub cut East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 16th. UBS Group assumed coverage on East West Bancorp in a research note on Thursday, March 22nd. They issued a “buy” rating and a $77.00 price target on the stock. ValuEngine cut East West Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Morgan Stanley lifted their target price on East West Bancorp from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 24th. Finally, Deutsche Bank lifted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.92.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in East West Bancorp by 5.0% in the 1st quarter. BlackRock Inc. now owns 14,450,262 shares of the financial services provider’s stock valued at $903,719,000 after acquiring an additional 683,047 shares during the period. Aristotle Capital Management LLC increased its position in East West Bancorp by 70.3% in the 1st quarter. Aristotle Capital Management LLC now owns 4,873,367 shares of the financial services provider’s stock valued at $304,780,000 after acquiring an additional 2,011,839 shares during the period. Handelsbanken Fonder AB increased its position in East West Bancorp by 6.0% in the 1st quarter. Handelsbanken Fonder AB now owns 2,489,611 shares of the financial services provider’s stock valued at $155,700,000 after acquiring an additional 140,000 shares during the period. Northern Trust Corp increased its position in East West Bancorp by 4.9% in the 1st quarter. Northern Trust Corp now owns 1,310,361 shares of the financial services provider’s stock valued at $81,950,000 after acquiring an additional 61,607 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in East West Bancorp by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,005,921 shares of the financial services provider’s stock valued at $62,910,000 after acquiring an additional 8,881 shares during the period. Institutional investors and hedge funds own 89.75% 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 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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