Andy Yen Buys 1,300 Shares of East West Bancorp, Inc. (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) EVP Andy Yen bought 1,300 shares of East West Bancorp stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $38.92 per share, for a total transaction of $50,596.00. Following the completion of the transaction, the executive vice president now directly owns 55,849 shares in the company, valued at $2,173,643.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of EWBC opened at $46.42 on Friday. The company has a 50 day simple moving average of $42.38 and a two-hundred day simple moving average of $47.03. East West Bancorp, Inc. has a 1 year low of $37.69 and a 1 year high of $64.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $6.76 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.68.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, July 18th. The financial services provider reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. East West Bancorp had a net margin of 32.92% and a return on equity of 15.42%. The firm had revenue of $420.09 million during the quarter, compared to analyst estimates of $416.35 million. During the same period last year, the firm posted $1.18 earnings per share. On average, sell-side analysts anticipate that East West Bancorp, Inc. will post 4.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Wednesday, July 31st. East West Bancorp’s dividend payout ratio (DPR) is presently 23.61%.

Hedge funds have recently bought and sold shares of the stock. Boston Partners lifted its position in shares of East West Bancorp by 6.6% during the second quarter. Boston Partners now owns 4,991,542 shares of the financial services provider’s stock worth $233,427,000 after purchasing an additional 309,257 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of East West Bancorp by 1.7% during the second quarter. Treasurer of the State of North Carolina now owns 73,656 shares of the financial services provider’s stock worth $3,445,000 after purchasing an additional 1,250 shares during the last quarter. BlackRock Inc. lifted its position in shares of East West Bancorp by 1.4% during the second quarter. BlackRock Inc. now owns 15,854,861 shares of the financial services provider’s stock worth $741,532,000 after purchasing an additional 223,815 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of East West Bancorp during the second quarter worth $101,000. Finally, Hahn Capital Management LLC lifted its position in shares of East West Bancorp by 53.3% during the second quarter. Hahn Capital Management LLC now owns 653,232 shares of the financial services provider’s stock worth $30,552,000 after purchasing an additional 227,248 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. Raymond James upgraded shares of East West Bancorp from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 29th. They noted that the move was a valuation call. BMO Capital Markets cut shares of East West Bancorp from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $51.00 to $44.00 in a research note on Monday, August 19th. Morgan Stanley upgraded shares of East West Bancorp from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $59.00 to $57.00 in a research note on Monday, July 1st. Wedbush restated an “outperform” rating and set a $50.00 target price (down previously from $57.00) on shares of East West Bancorp in a research note on Monday, June 3rd. Finally, ValuEngine cut shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $57.33.

About East West Bancorp

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 and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

Featured Story: How to invest in blue-chip stocks

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

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.