East West Bancorp (NASDAQ:EWBC) Insider Irene Oh Sells 12,547 Shares

East West Bancorp, Inc. (NASDAQ:EWBC) insider Irene Oh sold 12,547 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $115.00, for a total transaction of $1,442,905.00. Following the sale, the insider directly owned 93,167 shares of the company’s stock, valued at $10,714,205. The trade was a 11.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

East West Bancorp Stock Performance

NASDAQ:EWBC opened at $115.74 on Thursday. The stock has a market capitalization of $15.92 billion, a P/E ratio of 12.74, a PEG ratio of 1.27 and a beta of 0.92. East West Bancorp, Inc. has a fifty-two week low of $68.27 and a fifty-two week high of $116.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day moving average price of $104.56 and a 200 day moving average price of $103.57.

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

East West Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. East West Bancorp’s dividend payout ratio (DPR) is 26.46%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in East West Bancorp by 29.0% during the third quarter. Allworth Financial LP now owns 899 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 202 shares during the last quarter. IFP Advisors Inc lifted its holdings in East West Bancorp by 176.0% in the third quarter. IFP Advisors Inc now owns 1,932 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 1,232 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in East West Bancorp by 76.4% in the third quarter. Swiss Life Asset Management Ltd now owns 6,300 shares of the financial services provider’s stock valued at $671,000 after acquiring an additional 2,729 shares during the period. Polar Asset Management Partners Inc. grew its holdings in shares of East West Bancorp by 108.8% during the third quarter. Polar Asset Management Partners Inc. now owns 22,137 shares of the financial services provider’s stock valued at $2,356,000 after purchasing an additional 11,537 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of East West Bancorp by 51.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,378 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 471 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EWBC has been the topic of several analyst reports. Barclays raised their price target 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. Zacks Research upgraded East West Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Truist Financial boosted their target price on East West Bancorp from $112.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Piper Sandler increased their target price on shares of East West Bancorp from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of East West Bancorp in a research report on Tuesday. They set a “buy” rating and a $133.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.69.

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.