East West Bancorp Inc (EWBC): Wendy H Cai-lee , Executive Vice President of East West Bancorp Inc sold 1,200 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $36.37 per share for a total value of $43,647.60 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 2, 2016, Julia S Gouw (President) sold 44,629 shares at $30.53 per share price.On Dec 3, 2015, Douglas Paul Krause (Executive Vice President) sold 20,000 shares at $43.55 per share price.Also, On Mar 16, 2015, John Lee (director) sold 50,000 shares at $40.80 per share price.On Feb 3, 2015, Jack C Liu (director) sold 2,676 shares at $36.38 per share price.
Shares of East West Bancorp (EWBC) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.51 points or -1.41% at $35.56 with 8,94,571 shares getting traded. Post opening the session at $36, the shares hit an intraday low of $35.18 and an intraday high of $36.61 and the price vacillated in this range throughout the day. The company has a market cap of $5,124 M and the number of outstanding shares has been calculated to be 14,41,00,100 shares. The 52-week high of East West Bancorp is $46.5 and the 52-week low is $27.25.
Company has been under the radar of several Street Analysts.East West Bancorp is Downgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 28, 2016.East West Bancorp is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $42 .The Rating was issued on Apr 22, 2016.
East West Bancorp Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products including the traditional range of personal and business checking and savings accounts time deposits and individual retirement accounts travelers checks safe deposit boxes and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate construction trade finance and commercial business including accounts receivable small business administration (SBA) inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.