Dominic Ng Sells 5,770 Shares of East West Bancorp, Inc. (EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) CEO Dominic Ng sold 5,770 shares of the business’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $69.61, for a total value of $401,649.70. Following the completion of the transaction, the chief executive officer now directly owns 409,142 shares in the company, valued at $28,480,374.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Wednesday, June 20th, Dominic Ng sold 5,770 shares of East West Bancorp stock. The stock was sold at an average price of $70.11, for a total value of $404,534.70.
  • On Monday, June 18th, Dominic Ng sold 5,770 shares of East West Bancorp stock. The stock was sold at an average price of $69.77, for a total value of $402,572.90.
  • On Friday, June 15th, Dominic Ng sold 5,770 shares of East West Bancorp stock. The stock was sold at an average price of $69.67, for a total value of $401,995.90.
  • On Wednesday, June 13th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $70.49, for a total value of $406,797.79.
  • On Monday, June 11th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $71.78, for a total value of $414,242.38.
  • On Friday, June 8th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $72.65, for a total value of $419,263.15.
  • On Wednesday, June 6th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $72.57, for a total value of $418,801.47.
  • On Monday, June 4th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $71.27, for a total value of $411,299.17.
  • On Friday, June 1st, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $71.10, for a total value of $410,318.10.
  • On Tuesday, May 29th, Dominic Ng sold 5,771 shares of East West Bancorp stock. The stock was sold at an average price of $69.27, for a total value of $399,757.17.

NASDAQ EWBC opened at $66.04 on Friday. The company has a market cap of $9.57 billion, a PE ratio of 17.86, a P/E/G ratio of 1.38 and a beta of 1.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. East West Bancorp, Inc. has a fifty-two week low of $52.86 and a fifty-two week high of $73.98.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, April 19th. The financial services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.13. The firm had revenue of $401.14 million for the quarter, compared to the consensus estimate of $364.81 million. East West Bancorp had a return on equity of 14.15% and a net margin of 32.46%. During the same quarter in the previous year, the company posted $0.88 EPS. equities analysts expect that East West Bancorp, Inc. will post 4.55 earnings per share for the current year.

Several analysts have recently issued reports on the company. BidaskClub cut East West Bancorp from a “hold” rating to a “sell” rating in a report on Friday, March 16th. UBS Group assumed coverage on East West Bancorp in a report on Thursday, March 22nd. They set a “buy” rating and a $77.00 price objective on the stock. ValuEngine cut East West Bancorp from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Morgan Stanley upped their price objective on East West Bancorp from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 24th. Finally, Deutsche Bank upped their price objective on East West Bancorp from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, May 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $72.92.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its position in shares of East West Bancorp by 7.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,544 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 789 shares during the last quarter. BB&T Securities LLC increased its position in shares of East West Bancorp by 2.0% during the 1st quarter. BB&T Securities LLC now owns 47,955 shares of the financial services provider’s stock valued at $2,999,000 after purchasing an additional 932 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of East West Bancorp by 2.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 41,367 shares of the financial services provider’s stock valued at $2,587,000 after purchasing an additional 936 shares during the last quarter. Hanson & Doremus Investment Management increased its position in shares of East West Bancorp by 4.0% during the 1st quarter. Hanson & Doremus Investment Management now owns 27,189 shares of the financial services provider’s stock valued at $1,700,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Gulf International Bank UK Ltd grew its position in East West Bancorp by 2.4% in the 1st quarter. Gulf International Bank UK Ltd now owns 45,550 shares of the financial services provider’s stock valued at $2,848,000 after acquiring an additional 1,050 shares during the last quarter. 89.75% of the stock is currently owned by hedge funds and other institutional investors.

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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