East West Bancorp (NASDAQ:EWBC – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08, RTT News reports. East West Bancorp had a net margin of 26.78% and a return on equity of 17.66%. The business had revenue of $644.13 million during the quarter, compared to analysts’ expectations of $636.77 million. During the same period last year, the company posted $2.32 EPS. The company’s revenue was down 2.4% on a year-over-year basis.
East West Bancorp Trading Down 1.2 %
Shares of EWBC stock traded down $0.89 during mid-day trading on Thursday, reaching $76.31. The company’s stock had a trading volume of 265,625 shares, compared to its average volume of 1,208,422. East West Bancorp has a 12-month low of $41.12 and a 12-month high of $79.54. The firm has a market capitalization of $10.62 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.96 and a beta of 1.39. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $74.69 and its 200-day simple moving average is $68.34.
East West Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, May 2nd. East West Bancorp’s dividend payout ratio is presently 27.71%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on EWBC
Insider Buying and Selling
In other news, Director Molly Campbell sold 1,625 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $77.26, for a total value of $125,547.50. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at approximately $797,400.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $73.58, for a total value of $147,160.00. Following the completion of the transaction, the director now owns 16,739 shares in the company, valued at approximately $1,231,655.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Molly Campbell sold 1,625 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $77.26, for a total transaction of $125,547.50. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at approximately $797,400.46. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.
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.
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