EAST WEST BANCORP INC
No enriched coverage for $EWBC in the last 7 days.
No SEC Form 4 filings for $EWBC in the last 30 days.
East West Bancorp, Inc. (NASDAQ:EWBC) experienced a 15.6% drop in short interest in January, totaling 3,273,103 shares, representing about 2.4% of its shares. The days-to-cover ratio is 4.2. Analysts have a "Moderate Buy" rating with an average target price of $128.21, and the company recently increased its quarterly dividend to $0.80 per share.
Bank of New York Mellon Corp has reduced its stake in East West Bancorp Inc. by 1.8%, selling 21,785 shares and retaining 1,184,280 shares valued at approximately $126.07 million. East West Bancorp recently increased its quarterly dividend to $0.80 per share and beat analyst estimates for both EPS and revenue in its latest quarter. The company maintains a "Moderate Buy" consensus rating from analysts with an average price target of $128.21.
Mitsubishi UFJ Trust & Banking Corp significantly reduced its stake in East West Bancorp by 64.6% in Q3, selling 57,541 shares and ending the quarter with 31,531 shares valued at $3.36 million. Concurrently, East West Bancorp CEO Dominic Ng sold 30,000 shares for over $3.4 million, contributing to a total of 72,364 insider shares sold in the last 90 days. Despite these sales, the company increased its quarterly dividend to $0.80 per share, offering a 2.8% yield, while analysts maintain a "Moderate Buy" consensus rating with an average target price of $128.21.
