Dominic Ng Sells 20,181 Shares of East West Bancorp, Inc. (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) CEO Dominic Ng sold 20,181 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $90.01, for a total value of $1,816,491.81. Following the completion of the transaction, the chief executive officer now directly owns 988,133 shares in the company, valued at $88,941,851.33. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 7th, Dominic Ng sold 20,181 shares of East West Bancorp stock. The stock was sold at an average price of $90.01, for a total value of $1,816,491.81.

East West Bancorp Trading Down 0.0 %

Shares of East West Bancorp stock traded down $0.04 on Tuesday, reaching $84.35. 1,420,358 shares of the company's stock were exchanged, compared to its average volume of 860,834. The company has a market capitalization of $11.68 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.28. East West Bancorp, Inc. has a 52 week low of $68.78 and a 52 week high of $113.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91. The firm's 50-day moving average is $97.44 and its two-hundred day moving average is $94.81.

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East West Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a dividend of $0.60 per share. This is a boost from East West Bancorp's previous quarterly dividend of $0.55. The ex-dividend date was Monday, February 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.85%. East West Bancorp's payout ratio is presently 28.81%.

Institutional Investors Weigh In On East West Bancorp

Several institutional investors have recently bought and sold shares of EWBC. Capital Performance Advisors LLP bought a new stake in shares of East West Bancorp in the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in East West Bancorp in the 3rd quarter worth about $26,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in East West Bancorp in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC boosted its position in East West Bancorp by 73.2% in the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider's stock worth $40,000 after purchasing an additional 175 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in East West Bancorp by 119.1% in the 4th quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 306 shares during the period. Institutional investors own 89.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EWBC. StockNews.com cut East West Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, February 19th. Compass Point boosted their target price on shares of East West Bancorp from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. DA Davidson reduced their price target on shares of East West Bancorp from $120.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on shares of East West Bancorp from $96.00 to $128.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Finally, UBS Group initiated coverage on East West Bancorp in a report on Tuesday, December 17th. They issued a "neutral" rating and a $112.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, East West Bancorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.38.

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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.