SoFi CEO enters prepaid forward contract on 1.5 million shares
East West Bancorp (NASDAQ:EWBC) Chief Executive Officer Dominic Ng sold 40,000 shares of company stock on July 28, 2025, according to a new SEC filing. The shares were sold at a weighted average price of $103.38, for a total transaction value of approximately $4.13 million. The sale comes as the $14.2 billion bank trades near its 52-week high of $113.95, having delivered a 22.6% return over the past year. According to InvestingPro analysis, the stock appears fairly valued at current levels.
Following the transaction, Ng directly owns 888,314 shares of East West Bancorp. He also indirectly owns 7,633 shares through a 401(k) plan. The bank maintains strong financial health with a GOOD rating from InvestingPro, supported by a 2.31% dividend yield and a 27-year track record of consistent dividend payments.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which was adopted on November 20, 2024. For deeper insights into EWBC’s valuation and financial metrics, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, East West Bancorp reported strong financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $2.28, exceeding the forecasted $2.25. Revenue also outperformed projections, reaching $705 million compared to the anticipated $703.43 million. Following these results, DA Davidson raised its price target for East West Bancorp to $125 from $115, maintaining a Buy rating, citing solid loan growth. Similarly, Citi increased its price target to $124 from $116, also maintaining a Buy rating, highlighting stronger-than-expected net interest income performance. Citi noted that the net interest income growth exceeded their initial projections of 4-6%, reaching approximately 7% for the year. These developments reflect positively on East West Bancorp’s financial health and operational performance.
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