East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) CEO Dominic Ng sold 40,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $96.43, for a total transaction of $3,857,200.00. Following the completion of the transaction, the chief executive officer now directly owns 928,314 shares of the company's stock, valued at approximately $89,517,319.02. This represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

Shares of NASDAQ:EWBC traded up $5.90 during trading hours on Monday, hitting $95.57. 1,683,230 shares of the company's stock traded hands, compared to its average volume of 917,418. East West Bancorp, Inc. has a 52 week low of $68.27 and a 52 week high of $113.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91. The company's fifty day simple moving average is $84.06 and its two-hundred day simple moving average is $94.65. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.04. East West Bancorp had a net margin of 25.73% and a return on equity of 15.71%. The company had revenue of $693.00 million during the quarter, compared to analyst estimates of $673.02 million. As a group, equities analysts anticipate that East West Bancorp, Inc. will post 8.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, May 2nd. East West Bancorp's payout ratio is 28.64%.

Institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its stake in shares of East West Bancorp by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the financial services provider's stock worth $3,687,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp increased its holdings in East West Bancorp by 4.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,336 shares of the financial services provider's stock worth $224,000 after purchasing an additional 100 shares in the last quarter. Applied Finance Capital Management LLC increased its holdings in East West Bancorp by 3.7% in the first quarter. Applied Finance Capital Management LLC now owns 3,444 shares of the financial services provider's stock worth $309,000 after purchasing an additional 123 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in East West Bancorp by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,777 shares of the financial services provider's stock worth $1,128,000 after purchasing an additional 128 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of East West Bancorp by 0.3% during the fourth quarter. Arizona State Retirement System now owns 40,196 shares of the financial services provider's stock worth $3,849,000 after purchasing an additional 130 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on EWBC. Barclays increased their price objective on shares of East West Bancorp from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on shares of East West Bancorp from $120.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. StockNews.com lowered shares of East West Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. DA Davidson dropped their price objective on shares of East West Bancorp from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler dropped their price objective on shares of East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, East West Bancorp has an average rating of "Moderate Buy" and a consensus target price of $105.46.

Check Out Our Latest Analysis on EWBC

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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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