East West Bancorp, Inc. (NASDAQ:EWBC) CEO Dominic Ng Sells 19,819 Shares

East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) CEO Dominic Ng sold 19,819 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total value of $1,783,710.00. Following the completion of the sale, the chief executive officer now owns 968,314 shares of the company's stock, valued at approximately $87,148,260. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

East West Bancorp Stock Up 3.6 %

Shares of NASDAQ EWBC traded up $3.27 during midday trading on Monday, hitting $93.26. 1,211,954 shares of the company's stock were exchanged, compared to its average volume of 841,724. The firm's fifty day simple moving average is $96.08 and its 200-day simple moving average is $95.10. The company has a market cap of $12.91 billion, a PE ratio of 11.20, a P/E/G ratio of 1.29 and a beta of 1.28. East West Bancorp, Inc. has a twelve month low of $68.78 and a twelve month high of $113.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92.

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East West Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a $0.60 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from East West Bancorp's previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 2.57%. East West Bancorp's payout ratio is 28.81%.

Hedge Funds Weigh In On East West Bancorp

Hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of East West Bancorp by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the financial services provider's stock valued at $3,687,000 after purchasing an additional 100 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of East West Bancorp by 4.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,336 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 100 shares during the period. Commonwealth Equity Services LLC grew its position in shares of East West Bancorp by 1.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,777 shares of the financial services provider's stock worth $1,128,000 after acquiring an additional 128 shares during the last quarter. Arizona State Retirement System grew its position in shares of East West Bancorp by 0.3% during the fourth quarter. Arizona State Retirement System now owns 40,196 shares of the financial services provider's stock worth $3,849,000 after acquiring an additional 130 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of East West Bancorp by 3.8% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the financial services provider's stock valued at $343,000 after acquiring an additional 132 shares during the period. Hedge funds and other institutional investors own 89.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of East West Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday. Compass Point increased their target price on East West Bancorp from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Barclays dropped their target price on East West Bancorp from $125.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Wells Fargo & Company increased their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley dropped their price objective on shares of East West Bancorp from $127.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, East West Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $111.31.

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.