On October 29, 2024, Molly Campbell, Director at East West Bancorp Inc (EWBC, Financial), executed a sale of 1,500 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now owns 10,639 shares of East West Bancorp Inc.
East West Bancorp Inc operates as the bank holding company for East West Bank, providing a range of financial services. The bank serves consumers and businesses in the United States and Greater China and is involved in various banking sectors, including retail and commercial banking operations.
Over the past year, the insider has sold a total of 7,625 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 13 insider sells and no insider buys over the past year.
Shares of East West Bancorp Inc were priced at $98.65 on the day of the sale. The company currently holds a market cap of approximately $13.75 billion. The price-earnings ratio stands at 12.52, which is above the industry median of 10.51.
According to the GF Value, the intrinsic value of East West Bancorp Inc is estimated at $75.11 per share, suggesting that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.31.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at East West Bancorp Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
