East West Bancorp (NASDAQ:EWBC – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03, Yahoo Finance reports. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. During the same period in the prior year, the business earned $2.02 EPS.
East West Bancorp Stock Performance
EWBC traded up $1.56 on Thursday, reaching $97.19. The company had a trading volume of 956,369 shares, compared to its average volume of 932,472. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. East West Bancorp has a 1 year low of $51.40 and a 1 year high of $98.95. The stock has a market capitalization of $13.52 billion, a PE ratio of 12.24, a P/E/G ratio of 2.08 and a beta of 1.29. The stock has a 50-day moving average price of $83.66 and a 200-day moving average price of $78.49.
East West Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Monday, November 4th. East West Bancorp’s dividend payout ratio (DPR) is 27.71%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on EWBC
Insiders Place Their Bets
In other news, Director Rudolph Estrada sold 1,896 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $87.77, for a total value of $166,411.92. Following the completion of the sale, the director now directly owns 18,470 shares of the company’s stock, valued at approximately $1,621,111.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Rudolph Estrada sold 1,896 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $87.77, for a total value of $166,411.92. Following the completion of the sale, the director now owns 18,470 shares in the company, valued at $1,621,111.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary Teo sold 3,450 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.73, for a total transaction of $302,668.50. Following the sale, the executive vice president now owns 15,875 shares of the company’s stock, valued at approximately $1,392,713.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,346 shares of company stock valued at $1,108,160. 1.04% of the stock is currently owned by 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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