Douglas Paul Krause Sells 10,000 Shares of East West Bancorp (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Douglas Paul Krause sold 10,000 shares of East West Bancorp stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $132.37, for a total transaction of $1,323,700.00. Following the completion of the transaction, the insider directly owned 36,974 shares in the company, valued at $4,894,248.38. This trade represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $1,235,000.00.

East West Bancorp Price Performance

East West Bancorp stock opened at $131.70 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 0.88. East West Bancorp, Inc. has a 52 week low of $92.67 and a 52 week high of $136.24. The stock has a market capitalization of $18.04 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. The stock has a fifty day moving average of $129.92 and a 200-day moving average of $120.61.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.02. The business had revenue of $789.98 million for the quarter, compared to analyst estimates of $784.47 million. East West Bancorp had a return on equity of 16.07% and a net margin of 30.45%.East West Bancorp’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $2.24 earnings per share. On average, sell-side analysts expect that East West Bancorp, Inc. will post 10.59 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 3rd. East West Bancorp’s dividend payout ratio (DPR) is presently 30.77%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of East West Bancorp in the fourth quarter valued at about $31,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of East West Bancorp in the second quarter worth approximately $37,000. Kelleher Financial Advisors bought a new stake in East West Bancorp in the second quarter valued at approximately $37,000. 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 valued at $39,000 after purchasing an additional 184 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in East West Bancorp by 44.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 366 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 113 shares during the period. 89.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EWBC. UBS Group increased their price objective on shares of East West Bancorp from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. TD Cowen upped their price target on shares of East West Bancorp from $137.00 to $143.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price target on shares of East West Bancorp in a research note on Wednesday, July 22nd. Morgan Stanley raised their price objective on East West Bancorp from $128.00 to $131.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Finally, Barclays upped their target price on East West Bancorp from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.62.

About East West Bancorp

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.