East West Bancorp (NASDAQ:EWBC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Other equities analysts also recently issued reports about the company. Morgan Stanley lifted their target price on East West Bancorp from $61.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Thursday, September 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $57.00 target price on shares of East West Bancorp in a research report on Tuesday, September 26th. Raymond James Financial raised East West Bancorp from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $66.00 target price (down from $68.00) on shares of East West Bancorp in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.60.

East West Bancorp (EWBC) opened at $60.83 on Friday. The firm has a market capitalization of $8,792.54, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. East West Bancorp has a 52-week low of $48.07 and a 52-week high of $63.92.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. The company had revenue of $348.97 million during the quarter, compared to the consensus estimate of $349.28 million. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. East West Bancorp’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. equities research analysts anticipate that East West Bancorp will post 3.49 earnings per share for the current year.

In other news, Director Jack C. Liu sold 2,200 shares of East West Bancorp stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $58.07, for a total value of $127,754.00. Following the completion of the transaction, the director now owns 23,599 shares in the company, valued at approximately $1,370,393.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas Paul Krause sold 5,000 shares of East West Bancorp stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total value of $306,300.00. Following the completion of the transaction, the insider now owns 18,015 shares of the company’s stock, valued at approximately $1,103,598.90. The disclosure for this sale can be found here. Insiders sold a total of 17,200 shares of company stock valued at $1,044,054 in the last quarter. Company insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its stake in East West Bancorp by 8.0% during the third quarter. Parametric Portfolio Associates LLC now owns 214,531 shares of the financial services provider’s stock worth $12,825,000 after purchasing an additional 15,826 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in East West Bancorp by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 438,956 shares of the financial services provider’s stock worth $26,241,000 after purchasing an additional 119,466 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in East West Bancorp during the third quarter worth approximately $640,000. Hahn Capital Management LLC lifted its stake in East West Bancorp by 60.6% during the third quarter. Hahn Capital Management LLC now owns 586,083 shares of the financial services provider’s stock worth $35,036,000 after purchasing an additional 221,114 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in East West Bancorp by 40.0% during the third quarter. Cetera Investment Advisers now owns 6,756 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 1,929 shares during the last quarter. Institutional investors and hedge funds own 91.37% of the company’s stock.

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About East West Bancorp

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

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