East West Bancorp (NASDAQ:EWBC – Get Free Report) released its quarterly earnings results on Tuesday. The financial services provider reported $2.09 EPS for the quarter, topping the consensus estimate of $2.06 by $0.03, Yahoo Finance reports. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $641.80 million. During the same quarter in the previous year, the firm posted $2.02 earnings per share.
East West Bancorp Trading Up 1.6 %
Shares of NASDAQ EWBC opened at $97.19 on Friday. East West Bancorp has a 12-month low of $51.40 and a 12-month high of $98.95. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $83.66 and its 200 day simple moving average is $78.49.
East West Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, November 4th. East West Bancorp’s payout ratio is 27.71%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on East West Bancorp
Insider Buying and Selling
In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $83.50, for a total value of $167,000.00. Following the sale, the director now directly owns 16,557 shares in the company, valued at approximately $1,382,509.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Lisa L. Kim sold 6,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $78.68, for a total value of $472,080.00. Following the completion of the transaction, the executive vice president now directly owns 18,891 shares of the company’s stock, valued at $1,486,343.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the sale, the director now owns 16,557 shares in the company, valued at approximately $1,382,509.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.
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 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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