Jack C. Liu Sells 1,275 Shares of East West Bancorp, Inc. (NASDAQ:EWBC) Stock

East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) Director Jack C. Liu sold 1,275 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $104.53, for a total value of $133,275.75. Following the sale, the director now owns 14,557 shares in the company, valued at $1,521,643.21. The trade was a 8.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

East West Bancorp Trading Up 1.5 %

East West Bancorp stock traded up $1.50 during trading hours on Tuesday, hitting $101.63. The stock had a trading volume of 598,985 shares, compared to its average volume of 899,922. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 1.37 and a beta of 1.30. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The business's 50 day simple moving average is $100.80 and its 200-day simple moving average is $92.34. East West Bancorp, Inc. has a one year low of $67.27 and a one year high of $113.95.

East West Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.36%. This is a positive change from East West Bancorp's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, February 3rd. East West Bancorp's payout ratio is presently 26.41%.

Wall Street Analyst Weigh In

EWBC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of East West Bancorp from $96.00 to $128.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Stephens cut East West Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. StockNews.com cut shares of East West Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. DA Davidson cut their target price on shares of East West Bancorp from $120.00 to $118.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Truist Financial raised their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.38.

Hedge Funds Weigh In On East West Bancorp

Several large investors have recently modified their holdings of the business. Millennium Management LLC raised its position in East West Bancorp by 152.1% during the 2nd quarter. Millennium Management LLC now owns 374,213 shares of the financial services provider's stock worth $27,404,000 after purchasing an additional 225,799 shares during the last quarter. Westfield Capital Management Co. LP increased its position in East West Bancorp by 39.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 520,656 shares of the financial services provider's stock valued at $43,079,000 after purchasing an additional 148,530 shares during the period. FMR LLC raised its holdings in East West Bancorp by 1.8% during the 3rd quarter. FMR LLC now owns 7,882,803 shares of the financial services provider's stock worth $652,223,000 after purchasing an additional 136,528 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of East West Bancorp during the fourth quarter worth $12,734,000. Finally, Jennison Associates LLC raised its stake in East West Bancorp by 7.3% during the third quarter. Jennison Associates LLC now owns 1,804,288 shares of the financial services provider's stock worth $149,287,000 after buying an additional 123,376 shares during the last quarter. Institutional investors own 89.53% of the company's stock.

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.