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 firm’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 transaction of $401,649.70. Following the sale, the chief executive officer now owns 409,142 shares in the company, valued at $28,480,374.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

Shares of East West Bancorp traded down $0.25, hitting $67.84, during midday trading on Tuesday, Marketbeat reports. The stock had a trading volume of 12,263 shares, compared to its average volume of 766,487. East West Bancorp, Inc. has a 12 month low of $52.86 and a 12 month high of $73.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $10.01 billion, a PE ratio of 19.68, a P/E/G ratio of 1.45 and a beta of 1.41.

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 consensus estimate of $1.00 by $0.13. East West Bancorp had a net margin of 32.46% and a return on equity of 14.15%. The business had revenue of $401.14 million during the quarter, compared to analysts’ expectations of $364.81 million. During the same period last year, the business earned $0.88 earnings per share. equities analysts predict that East West Bancorp, Inc. will post 4.55 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Aristotle Capital Management LLC boosted its position in East West Bancorp by 70.3% during the first quarter. Aristotle Capital Management LLC now owns 4,873,367 shares of the financial services provider’s stock worth $304,780,000 after purchasing an additional 2,011,839 shares during the period. BlackRock Inc. boosted its position in East West Bancorp by 5.0% during the first quarter. BlackRock Inc. now owns 14,450,262 shares of the financial services provider’s stock worth $903,719,000 after purchasing an additional 683,047 shares during the period. OppenheimerFunds Inc. boosted its position in East West Bancorp by 129.1% during the first quarter. OppenheimerFunds Inc. now owns 935,982 shares of the financial services provider’s stock worth $58,537,000 after purchasing an additional 527,423 shares during the period. Deutsche Bank AG boosted its position in East West Bancorp by 263.7% during the fourth quarter. Deutsche Bank AG now owns 392,063 shares of the financial services provider’s stock worth $23,846,000 after purchasing an additional 284,262 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in East West Bancorp by 59.0% during the first quarter. The Manufacturers Life Insurance Company now owns 748,925 shares of the financial services provider’s stock worth $46,839,000 after purchasing an additional 277,831 shares during the period. 89.75% of the stock is owned by institutional investors and hedge funds.

EWBC has been the topic of a number of recent research reports. BidaskClub downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a report on Friday, March 16th. UBS Group initiated coverage on shares of East West Bancorp in a report on Thursday, March 22nd. They issued a “buy” rating and a $77.00 price objective on the stock. ValuEngine downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. DA Davidson lowered their price objective on shares of East West Bancorp from $75.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, April 24th. Finally, Morgan Stanley raised their target price on shares of East West Bancorp from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 24th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. East West Bancorp presently has a consensus rating of “Buy” and a consensus price target of $72.92.

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 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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