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PASADENA, CA—Jack C. Liu, a director at East West Bancorp Inc. (NASDAQ:EWBC), a $14.3 billion market cap financial institution with a GREAT financial health score according to InvestingPro, recently sold 725 shares of the company’s common stock. The shares were sold at an average price of $104.50 each, totaling approximately $75,762. Following this transaction, Liu holds 15,832 shares directly. This sale was disclosed in a filing with the Securities and Exchange Commission. The stock, which currently trades near $103, appears slightly undervalued based on InvestingPro’s Fair Value analysis. The company maintains strong fundamentals with a 2.33% dividend yield and has raised dividends for 7 consecutive years.Want deeper insights into insider trading patterns and comprehensive analysis? InvestingPro offers exclusive access to detailed insider transaction history and 10+ additional ProTips for East West Bancorp.
In other recent news, East West Bancorp, Inc. reported fourth-quarter earnings that narrowly missed analyst expectations. The company posted a net income of $293 million, or $2.10 per diluted share, slightly below the projected $2.11 per share. However, the revenue exceeded expectations, reaching $675.79 million, surpassing the consensus estimate of $658.3 million. For the full year 2024, East West Bancorp reported a net income of $1.2 billion, marking an increase from the previous year. Despite the earnings miss, the company announced a 9% increase in its common stock dividend and an additional $300 million share repurchase authorization. These are recent developments that highlight the company’s financial performance and strategic decisions. The company’s total assets also grew, reaching $75.98 billion as of December 31, 2024, a 9% increase from the previous year.
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