Dominic Ng Sells 40,000 Shares of East West Bancorp, Inc. (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) CEO Dominic Ng sold 40,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $96.43, for a total transaction of $3,857,200.00. Following the sale, the chief executive officer now owns 928,314 shares of the company’s stock, valued at $89,517,319.02. The trade was a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 19th, Dominic Ng sold 19,819 shares of East West Bancorp stock. The stock was sold at an average price of $90.00, for a total value of $1,783,710.00.
• On Friday, March 7th, Dominic Ng sold 20,181 shares of East West Bancorp stock. The shares were sold at an average price of $90.01, for a total value of $1,816,491.81.
• On Friday, March 7th, Dominic Ng sold 20,181 shares of East West Bancorp stock. The shares were sold at an average price of $90.01, for a total value of $1,816,491.81.

East West Bancorp Stock Up 0.4%

Shares of EWBC stock opened at $96.00 on Wednesday. East West Bancorp, Inc. has a 12-month low of $68.27 and a 12-month high of $113.95. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $84.29 and a 200-day moving average of $94.66. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.29 and a beta of 0.90.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. East West Bancorp had a return on equity of 15.71% and a net margin of 25.73%. The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $673.02 million. As a group, equities research analysts predict that East West Bancorp, Inc. will post 8.85 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. East West Bancorp’s dividend payout ratio (DPR) is presently 28.64%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley lowered East West Bancorp from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $118.00 to $90.00 in a research report on Monday, April 7th. Barclays boosted their price objective on shares of East West Bancorp from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. StockNews.com downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. DA Davidson cut their target price on shares of East West Bancorp from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their price target on shares of East West Bancorp from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $105.54.

Institutional Trading of East West Bancorp

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC increased its stake in East West Bancorp by 12.2% in the 3rd quarter. Barclays PLC now owns 145,310 shares of the financial services provider’s stock valued at $12,023,000 after buying an additional 15,829 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of East West Bancorp in the third quarter valued at about $26,000. Franklin Resources Inc. increased its position in shares of East West Bancorp by 21.9% in the third quarter. Franklin Resources Inc. now owns 42,552 shares of the financial services provider’s stock valued at $3,800,000 after acquiring an additional 7,645 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in East West Bancorp by 5.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,611 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 245 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in East West Bancorp by 6.9% during the fourth quarter. Wedmont Private Capital now owns 4,511 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 292 shares during the last quarter. 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.