East West Bancorp, Inc. (NASDAQ:EWBC) Director Rudolph Estrada Sells 469 Shares

East West Bancorp, Inc. (NASDAQ:EWBC) Director Rudolph Estrada sold 469 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total value of $45,980.76. Following the completion of the sale, the director now owns 17,750 shares of the company’s stock, valued at $1,740,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

East West Bancorp Trading Up 1.3 %

NASDAQ:EWBC opened at $97.74 on Wednesday. The stock’s 50-day moving average is $86.18 and its two-hundred day moving average is $79.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $13.55 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. East West Bancorp, Inc. has a fifty-two week low of $55.43 and a fifty-two week high of $101.31.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. During the same period in the previous year, the firm posted $2.02 earnings per share. As a group, equities research analysts forecast that East West Bancorp, Inc. will post 8.31 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, November 4th. East West Bancorp’s dividend payout ratio is 27.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens lifted their price objective on shares of East West Bancorp from $91.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Truist Financial lifted their price target on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Barclays lifted their target price on East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Wedbush increased their target price on East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Norden Group LLC bought a new position in shares of East West Bancorp during the 1st quarter worth about $414,000. First Trust Direct Indexing L.P. acquired a new position in East West Bancorp in the 1st quarter valued at approximately $206,000. Commonwealth Equity Services LLC lifted its position in shares of East West Bancorp by 3.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 9,706 shares of the financial services provider’s stock worth $768,000 after acquiring an additional 323 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of East West Bancorp during the 1st quarter worth approximately $3,961,000. Finally, BNP Paribas Financial Markets increased its position in shares of East West Bancorp by 120.1% during the first quarter. BNP Paribas Financial Markets now owns 21,226 shares of the financial services provider’s stock valued at $1,679,000 after purchasing an additional 11,582 shares during the period. Institutional investors own 89.53% 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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.