Insider Selling: East West Bancorp (NASDAQ:EWBC) Director Sells 1,000 Shares of Stock

Key Points

• Insider sale: Director Molly Campbell sold 1,000 shares on November 11 at an average price of $105.40 for $105,400, leaving her with 9,076 shares — a 9.92% decrease in her ownership disclosed in an SEC filing.
• Campbell has sold additional shares recently, including 1,000 on November 7 at $102.21 and 980 on October 31 at $101.02, totaling 2,980 shares sold in recent weeks.
• East West Bancorp trades around $105.35 with a market cap of $14.52 billion, pays a quarterly dividend of $0.60 (about a 2.3% yield), and has an average analyst target of $124.08 (consensus "Moderate Buy").

East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) Director Molly Campbell sold 1,000 shares of the company's stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $105.40, for a total transaction of $105,400.00. Following the sale, the director directly owned 9,076 shares in the company, valued at $956,610.40. This trade represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Molly Campbell also recently made the following trade(s):

• On Friday, November 7th, Molly Campbell sold 1,000 shares of East West Bancorp stock. The stock was sold at an average price of $102.21, for a total transaction of $102,210.00.
• On Friday, October 31st, Molly Campbell sold 980 shares of East West Bancorp stock. The shares were sold at an average price of $101.02, for a total transaction of $98,999.60.

East West Bancorp Stock Performance

NASDAQ:EWBC traded up $0.33 during mid-day trading on Wednesday, hitting $105.35. The stock had a trading volume of 614,766 shares, compared to its average volume of 987,537. East West Bancorp, Inc. has a twelve month low of $68.27 and a twelve month high of $113.95. 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 stock has a market cap of $14.52 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.12 and a beta of 0.97. The company's 50 day simple moving average is $104.41 and its 200 day simple moving average is $100.62.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its quarterly earnings results on Monday, December 11th. The financial services provider reported $2.08 earnings per share for the quarter. East West Bancorp had a return on equity of 15.55% and a net margin of 27.16%.The firm had revenue of $627.36 million for the quarter. On average, equities research analysts forecast that East West Bancorp, Inc. will post 8.85 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 3rd. East West Bancorp's payout ratio is 26.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EWBC. Morgan Stanley increased their price objective on shares of East West Bancorp from $111.00 to $126.00 and gave the company an "underperform" rating in a research report on Monday, September 29th. DA Davidson increased their price target on shares of East West Bancorp from $115.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Barclays raised their price objective on shares of East West Bancorp from $140.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Cowen started coverage on East West Bancorp in a research report on Wednesday, September 24th. They issued a "buy" rating on the stock. Finally, Truist Financial increased their target price on East West Bancorp from $112.00 to $116.00 and gave the stock a "hold" rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, East West Bancorp presently has an average rating of "Moderate Buy" and an average target price of $124.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC boosted its stake in shares of East West Bancorp by 35.9% in the first quarter. Cerity Partners LLC now owns 16,157 shares of the financial services provider's stock valued at $1,450,000 after buying an additional 4,271 shares during the period. Xponance Inc. raised its holdings in East West Bancorp by 1.9% in the 1st quarter. Xponance Inc. now owns 16,141 shares of the financial services provider's stock valued at $1,449,000 after acquiring an additional 302 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of East West Bancorp during the 1st quarter valued at $327,000. CWM LLC grew its holdings in shares of East West Bancorp by 128.8% during the 1st quarter. CWM LLC now owns 10,674 shares of the financial services provider's stock worth $958,000 after purchasing an additional 6,009 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of East West Bancorp by 1.4% in the first quarter. Whittier Trust Co. now owns 263,639 shares of the financial services provider's stock worth $23,664,000 after purchasing an additional 3,751 shares during the period. 89.53% of the stock is owned by institutional investors.

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.

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