On November 5, 2024, Rudolph Estrada, a Director at East West Bancorp Inc (EWBC, Financial), executed a sale of 469 shares of the company at a price of $98.04 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 17,750 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, Rudolph Estrada has sold a total of 2,365 shares of East West Bancorp Inc and has not made any purchases of the stock. This recent transaction continues a trend observed over the past year, where there have been 14 insider sells and no insider buys at East West Bancorp Inc.
The shares of East West Bancorp Inc were trading at $98.04 on the day of the transaction, giving the company a market cap of approximately $13.55 billion. The price-earnings ratio of the company stands at 12.34, which is above the industry median of 10.38.
According to the GF Value, the intrinsic value of East West Bancorp Inc's stock is estimated at $74.92 per share, making the stock modestly 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 provided by Morningstar analysts.
This sale by the insider at East West Bancorp Inc provides an interesting data point for those tracking insider behaviors and the valuation metrics of the company.
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.
