East West Bancorp, Inc. (NASDAQ:EWBC) Director Molly Campbell sold 461 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $65.11, for a total transaction of $30,015.71. Following the completion of the transaction, the director now owns 5,448 shares of the company’s stock, valued at approximately $354,719.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of EWBC stock opened at $65.06 on Wednesday. East West Bancorp, Inc. has a 1-year low of $48.07 and a 1-year high of $69.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $9,411.26, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40.
East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.04). East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The business had revenue of $365.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same period in the previous year, the company posted $0.76 earnings per share. East West Bancorp’s revenue was up 13.5% compared to the same quarter last year. equities research analysts anticipate that East West Bancorp, Inc. will post 4.4 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on EWBC shares. SunTrust Banks reiterated a “buy” rating and issued a $68.00 target price on shares of East West Bancorp in a research report on Wednesday, November 29th. Sandler O’Neill reiterated a “buy” rating and issued a $76.00 target price on shares of East West Bancorp in a research report on Friday, January 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $79.00 price target on shares of East West Bancorp in a report on Tuesday, January 9th. Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday, January 8th. Finally, ValuEngine raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. East West Bancorp presently has an average rating of “Hold” and a consensus price target of $69.50.
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East West Bancorp Company Profile
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.
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