2 weeks Ago By ABMN Staff
East West Bancorp, Inc. ( NASDAQ:EWBC – Get Free Report ) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 4,880,000 shares, an increase of 5.
2% from the August 31st total of 4,640,000 shares. Based on an average daily volume of 730,800 shares, the short-interest ratio is presently 6.7 days.
Approximately 3.6% of the company’s shares are sold short. Insider Activity at East West Bancorp In related news, Director Rudolph Estrada sold 1,896 shares of the company’s stock in a transaction dated Friday, July 26th.
The stock was sold at an average price of $87.77, for a total transaction of $166,411.92.
Following the sale, the director now owns 18,470 shares in the company, valued at approximately $1,621,111.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
In other East West Bancorp news, Director Rudolph Estrada sold 1,896 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.77, for a total value of $166,411.
92. Following the transaction, the director now owns 18,470 shares in the company, valued at $1,621,111.90.
The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, EVP Gary Teo sold 3,450 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.
73, for a total value of $302,668.50. Following the completion of the transaction, the executive vice president now owns 15,875 shares in the company, valued at approximately $1,392,713.
75. The disclosure for this sale can be found here . Insiders have sold a total of 13,346 shares of company stock worth $1,108,160 in the last 90 days.
Corporate insiders own 1.04% of the company’s stock. Institutional Investors Weigh In On East West Bancorp Hedge funds have recently added to or reduced their stakes in the company.
Riverview Trust Co bought a new stake in East West Bancorp during the first quarter worth about $25,000. YHB Investment Advisors Inc. purchased a new stake in East West Bancorp during the 1st quarter valued at about $27,000.
Kapitalo Investimentos Ltda purchased a new stake in East West Bancorp during the 4th quarter valued at about $29,000. Rise Advisors LLC purchased a new stake in East West Bancorp during the 1st quarter valued at about $30,000. Finally, Cullen Frost Bankers Inc.
purchased a new stake in East West Bancorp during the 2nd quarter valued at about $30,000. Institutional investors own 89.53% of the company’s stock.
Analysts Set New Price Targets Read Our Latest Report on EWBC East West Bancorp Stock Performance Shares of EWBC traded down $2.70 on Tuesday, reaching $80.04.
533,800 shares of the company’s stock traded hands, compared to its average volume of 938,156. The company has a current ratio of 0.92, a quick ratio of 0.
92 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $81.
51 and its two-hundred day simple moving average is $77.11. East West Bancorp has a 52-week low of $49.
59 and a 52-week high of $89.75. The stock has a market cap of $11.
14 billion, a PE ratio of 10.09, a PEG ratio of 2.80 and a beta of 1.
29. East West Bancorp ( NASDAQ:EWBC – Get Free Report ) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $2.
07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.10.
The business had revenue of $638.00 million during the quarter, compared to the consensus estimate of $631.61 million.
East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%.
The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the business posted $2.
20 earnings per share. On average, analysts forecast that East West Bancorp will post 8.17 earnings per share for the current fiscal year.
East West Bancorp Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.55 per share.
This represents a $2.20 annualized dividend and a yield of 2.75%.
The ex-dividend date was Friday, August 2nd. East West Bancorp’s dividend payout ratio (DPR) is currently 27.71%.
About East West Bancorp ( Get Free Report ) 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. Featured Stories 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.
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