East West Bancorp, Inc. (NASDAQ:EWBC) Insider Douglas Paul Krause Sells 5,000 Shares

East West Bancorp, Inc. (NASDAQ:EWBC) insider Douglas Paul Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total transaction of $306,300.00. Following the sale, the insider now directly owns 18,015 shares of the company’s stock, valued at approximately $1,103,598.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

East West Bancorp, Inc. (NASDAQ EWBC) traded up $0.18 during trading on Friday, reaching $67.32. 1,110,000 shares of the company’s stock traded hands, compared to its average volume of 858,752. East West Bancorp, Inc. has a 12 month low of $48.07 and a 12 month high of $67.61. The stock has a market cap of $9,730.00, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The firm had revenue of $348.97 million during the quarter, compared to analysts’ expectations of $349.28 million. During the same quarter in the prior year, the company earned $0.76 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. research analysts predict that East West Bancorp, Inc. will post 3.5 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of EWBC. Principal Financial Group Inc. raised its stake in shares of East West Bancorp by 128.7% during the 2nd quarter. Principal Financial Group Inc. now owns 2,951,316 shares of the financial services provider’s stock worth $172,888,000 after acquiring an additional 1,660,844 shares in the last quarter. BlackRock Inc. increased its stake in East West Bancorp by 11.5% during the 2nd quarter. BlackRock Inc. now owns 13,329,464 shares of the financial services provider’s stock valued at $780,841,000 after purchasing an additional 1,373,528 shares in the last quarter. State Street Corp increased its stake in East West Bancorp by 16.5% during the 2nd quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock valued at $415,902,000 after purchasing an additional 1,004,860 shares in the last quarter. Vanguard Group Inc. increased its stake in East West Bancorp by 7.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock valued at $745,971,000 after purchasing an additional 893,764 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in East West Bancorp by 603.1% during the 2nd quarter. American Century Companies Inc. now owns 1,035,361 shares of the financial services provider’s stock valued at $60,651,000 after purchasing an additional 888,094 shares in the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.

EWBC has been the topic of several research reports. Piper Jaffray Companies set a $74.00 target price on shares of East West Bancorp and gave the stock a “buy” rating in a report on Saturday, October 21st. Wedbush reiterated an “outperform” rating and set a $66.00 price target (down previously from $68.00) on shares of East West Bancorp in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and set a $68.00 price target on shares of East West Bancorp in a research note on Wednesday, November 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $63.00 target price (up previously from $61.00) on shares of East West Bancorp in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $67.25.

ILLEGAL ACTIVITY WARNING: “East West Bancorp, Inc. (NASDAQ:EWBC) Insider Douglas Paul Krause Sells 5,000 Shares” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/13/douglas-paul-krause-sells-5000-shares-of-east-west-bancorp-inc-ewbc-stock.html.

About East West Bancorp

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

Insider Buying and Selling by Quarter for East West Bancorp (NASDAQ:EWBC)

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply