East West Bancorp, Inc. (NASDAQ:EWBC – Get Free Report) Vice Chairman Douglas Paul Krause sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $132.37, for a total value of $1,323,700.00. Following the sale, the insider owned 36,974 shares in the company, valued at approximately $4,894,248.38. This represents a 21.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Douglas Paul Krause also recently made the following trade(s):
- On Wednesday, May 27th, Douglas Paul Krause sold 10,000 shares of East West Bancorp stock. The shares were sold at an average price of $123.50, for a total transaction of $1,235,000.00.
East West Bancorp Price Performance
NASDAQ:EWBC opened at $131.88 on Friday. The stock has a market capitalization of $18.07 billion, a PE ratio of 12.68, a P/E/G ratio of 1.55 and a beta of 0.94. East West Bancorp, Inc. has a 1-year low of $92.67 and a 1-year high of $136.24. The firm has a fifty day simple moving average of $129.74 and a 200 day simple moving average of $120.53. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.
East West Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. East West Bancorp’s payout ratio is currently 30.77%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on EWBC shares. Morgan Stanley raised their target price on shares of East West Bancorp from $128.00 to $131.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. UBS Group boosted their price target on East West Bancorp from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Piper Sandler upped their price objective on East West Bancorp from $111.00 to $123.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of East West Bancorp in a research report on Friday, July 10th. Finally, TD Cowen lifted their target price on East West Bancorp from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.62.
Check Out Our Latest Analysis on EWBC
Hedge Funds Weigh In On East West Bancorp
A number of large investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in East West Bancorp in the 4th quarter valued at $31,000. Kelleher Financial Advisors bought a new position in East West Bancorp during the 3rd quarter worth $31,000. Signaturefd LLC increased its position in East West Bancorp by 115.0% during the 4th quarter. Signaturefd LLC now owns 344 shares of the financial services provider’s stock worth $39,000 after buying an additional 184 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of East West Bancorp by 44.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 366 shares of the financial services provider’s stock worth $39,000 after buying an additional 113 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of East West Bancorp by 35.4% during the third quarter. Quarry LP now owns 390 shares of the financial services provider’s stock worth $42,000 after buying an additional 102 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.
East West Bancorp Company Profile
East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.
Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.
Read More
- Five stocks we like better than East West Bancorp
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
