East West Bancorp, Inc. (NASDAQ:EWBC) CEO Dominic Ng sold 5,771 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $72.57, for a total transaction of $418,801.47. Following the sale, the chief executive officer now owns 450,506 shares in the company, valued at $32,693,220.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, June 11th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $71.78, for a total transaction of $414,242.38.
  • On Friday, June 8th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $72.65, for a total transaction of $419,263.15.
  • On Monday, June 4th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $71.27, for a total transaction of $411,299.17.
  • On Friday, June 1st, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $71.10, for a total transaction of $410,318.10.
  • On Tuesday, May 29th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $69.27, for a total transaction of $399,757.17.
  • On Friday, May 25th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $70.49, for a total transaction of $406,797.79.
  • On Wednesday, May 23rd, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $71.42, for a total transaction of $412,164.82.
  • On Monday, May 21st, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $71.30, for a total transaction of $411,472.30.
  • On Friday, May 18th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $70.71, for a total transaction of $408,067.41.
  • On Wednesday, May 16th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The shares were sold at an average price of $70.89, for a total transaction of $409,106.19.

Shares of East West Bancorp traded down $0.10, reaching $70.18, on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 845,400 shares, compared to its average volume of 895,147. East West Bancorp, Inc. has a 52-week low of $52.86 and a 52-week high of $73.98. The stock has a market capitalization of $10.34 billion, a P/E ratio of 20.28, a PEG ratio of 1.50 and a beta of 1.41. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, April 19th. The financial services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. The business had revenue of $401.14 million during the quarter, compared to analysts’ expectations of $364.81 million. East West Bancorp had a net margin of 32.46% and a return on equity of 14.15%. During the same period last year, the company posted $0.88 EPS. analysts expect that East West Bancorp, Inc. will post 4.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were issued a $0.20 dividend. The ex-dividend date was Monday, April 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. East West Bancorp’s dividend payout ratio (DPR) is presently 23.12%.

Several equities analysts recently weighed in on the stock. ValuEngine cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Deutsche Bank raised their target price on shares of East West Bancorp from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, May 4th. Morgan Stanley raised their target price on shares of East West Bancorp from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 24th. Finally, DA Davidson cut their target price on shares of East West Bancorp from $75.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, April 24th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.23.

Institutional investors have recently added to or reduced their stakes in the company. Delpha Capital Management LLC bought a new stake in shares of East West Bancorp in the 1st quarter worth about $222,000. Signition LP bought a new stake in shares of East West Bancorp in the 4th quarter worth about $239,000. Gideon Capital Advisors Inc. bought a new stake in shares of East West Bancorp in the 1st quarter worth about $280,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of East West Bancorp in the 1st quarter worth about $331,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of East West Bancorp by 107.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,600 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

Insider Buying and Selling by Quarter for East West Bancorp (NASDAQ:EWBC)

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