East West Bancorp, Inc. (NASDAQ:EWBC) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $71.50.

Several research analysts have commented on EWBC shares. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, July 24th. Piper Jaffray Companies set a $82.00 target price on East West Bancorp and gave the stock a “buy” rating in a research note on Thursday, July 19th. BidaskClub raised East West Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Morgan Stanley boosted their target price on East West Bancorp from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 24th. Finally, ValuEngine downgraded East West Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, June 11th.

In other news, CFO Irene H. Oh sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $72.99, for a total transaction of $364,950.00. Following the sale, the chief financial officer now directly owns 40,672 shares in the company, valued at $2,968,649.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Molly Campbell sold 356 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $70.36, for a total value of $25,048.16. Following the sale, the director now owns 4,127 shares in the company, valued at $290,375.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,520 shares of company stock worth $3,659,856. Company insiders own 0.68% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. People s United Financial Inc. bought a new stake in East West Bancorp in the second quarter valued at approximately $18,147,000. Itau Unibanco Holding S.A. bought a new stake in East West Bancorp in the second quarter valued at approximately $108,000. Contravisory Investment Management Inc. bought a new stake in East West Bancorp in the second quarter valued at approximately $131,000. Atria Investments LLC bought a new stake in East West Bancorp in the second quarter valued at approximately $206,000. Finally, Raymond James Trust N.A. bought a new stake in East West Bancorp in the second quarter valued at approximately $220,000. Institutional investors own 88.85% of the company’s stock.

NASDAQ EWBC traded up $0.40 during trading on Tuesday, hitting $63.79. 471,152 shares of the company’s stock were exchanged, compared to its average volume of 830,837. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.31 and a beta of 1.33. East West Bancorp has a fifty-two week low of $52.86 and a fifty-two week high of $73.98.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, July 19th. The financial services provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.09. The firm had revenue of $389.95 million during the quarter, compared to the consensus estimate of $382.70 million. East West Bancorp had a return on equity of 15.12% and a net margin of 34.15%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. sell-side analysts predict that East West Bancorp will post 4.61 earnings per share for the current year.

East West Bancorp Company Profile

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

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