East West Bancorp (NASDAQ:EWBC – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.10, Briefing.com reports. East West Bancorp had a return on equity of 16.85% and a net margin of 25.40%. The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $631.61 million. During the same period last year, the firm earned $2.20 earnings per share. East West Bancorp’s quarterly revenue was down .9% on a year-over-year basis.
East West Bancorp Stock Performance
NASDAQ:EWBC traded up $2.60 during mid-day trading on Thursday, reaching $87.01. The stock had a trading volume of 1,263,318 shares, compared to its average volume of 1,047,168. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 5.04 and a beta of 1.32. East West Bancorp has a twelve month low of $49.59 and a twelve month high of $88.16. The business has a 50 day simple moving average of $74.12 and a 200 day simple moving average of $74.12.
East West Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, August 2nd. East West Bancorp’s dividend payout ratio is currently 27.71%.
Analyst Ratings Changes
Check Out Our Latest Research Report on EWBC
Insider Activity at East West Bancorp
In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $73.76, for a total value of $590,080.00. Following the completion of the sale, the insider now owns 57,403 shares in the company, valued at $4,234,045.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $73.76, for a total value of $590,080.00. Following the completion of the sale, the insider now owns 57,403 shares in the company, valued at $4,234,045.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Irene H. Oh sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $77.58, for a total transaction of $775,800.00. Following the completion of the sale, the insider now owns 127,193 shares of the company’s stock, valued at approximately $9,867,632.94. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.
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.
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