Molly Campbell Sells 1,000 Shares of East West Bancorp (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) Director Molly Campbell sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $102.21, for a total value of $102,210.00. Following the completion of the sale, the director owned 10,076 shares in the company, valued at $1,029,867.96. The trade was a 9.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Molly Campbell also recently made the following trade(s):

• On Friday, October 31st, Molly Campbell sold 980 shares of East West Bancorp stock. The stock was sold at an average price of $101.02, for a total transaction of $98,999.60.

East West Bancorp Stock Up 1.7%

Shares of NASDAQ EWBC opened at $103.87 on Friday. The company’s 50 day moving average price is $104.45 and its 200-day moving average price is $100.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.89 and a current ratio of 0.89. East West Bancorp, Inc. has a 52-week low of $68.27 and a 52-week high of $113.95. The company has a market capitalization of $14.32 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Monday, December 11th. The financial services provider reported $2.08 earnings per share for the quarter. The business had revenue of $627.36 million during the quarter. East West Bancorp had a net margin of 27.16% and a return on equity of 15.55%. Equities analysts forecast that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.

East West Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 3rd. East West Bancorp’s payout ratio is currently 26.46%.

Hedge Funds Weigh In On East West Bancorp

Large investors have recently modified their holdings of the company. Xponance Inc. increased its stake in East West Bancorp by 1.9% in the 1st quarter. Xponance Inc. now owns 16,141 shares of the financial services provider’s stock valued at $1,449,000 after buying an additional 302 shares during the last quarter. Cerity Partners LLC increased its position in shares of East West Bancorp by 35.9% during the first quarter. Cerity Partners LLC now owns 16,157 shares of the financial services provider’s stock valued at $1,450,000 after acquiring an additional 4,271 shares during the last quarter. US Bancorp DE increased its position in shares of East West Bancorp by 880.7% during the second quarter. US Bancorp DE now owns 21,625 shares of the financial services provider’s stock valued at $2,184,000 after acquiring an additional 19,420 shares during the last quarter. Deutsche Bank AG lifted its holdings in East West Bancorp by 16.5% during the first quarter. Deutsche Bank AG now owns 21,516 shares of the financial services provider’s stock worth $1,931,000 after acquiring an additional 3,052 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in East West Bancorp by 203.0% in the first quarter. Westfield Capital Management Co. LP now owns 817,306 shares of the financial services provider’s stock worth $73,361,000 after purchasing an additional 547,556 shares during the last quarter. 89.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on EWBC. Cowen began coverage on East West Bancorp in a research report on Wednesday, September 24th. They set a “buy” rating on the stock. Morgan Stanley increased their price target on East West Bancorp from $111.00 to $126.00 and gave the stock an “underperform” rating in a report on Monday, September 29th. Zacks Research raised shares of East West Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Truist Financial lifted their price objective on shares of East West Bancorp from $112.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Finally, Barclays increased their target price on shares of East West Bancorp from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $124.08.

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. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.