East West Bancorp, Inc. (NASDAQ:EWBC) Receives $89.53 Average Price Target from Analysts

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $89.53.

EWBC has been the subject of a number of research analyst reports. Piper Sandler increased their price target on East West Bancorp from $72.50 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. DA Davidson lifted their target price on shares of East West Bancorp from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Wedbush raised their price target on shares of East West Bancorp from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group dropped their price objective on shares of East West Bancorp from $94.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd.

East West Bancorp Price Performance

Shares of EWBC opened at $84.69 on Wednesday. The company has a 50 day moving average of $77.78 and a two-hundred day moving average of $75.60. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. East West Bancorp has a twelve month low of $49.59 and a twelve month high of $89.75. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 2.84 and a beta of 1.32.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.97 by $0.10. The firm had revenue of $638.00 million during the quarter, compared to analyst estimates of $631.61 million. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. As a group, analysts predict that East West Bancorp will post 8.15 earnings per share for the current fiscal year.

East West Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.60%. East West Bancorp’s payout ratio is currently 27.71%.

Insider Transactions at East West Bancorp

In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of East West Bancorp stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $73.76, for a total transaction of $590,080.00. Following the completion of the transaction, the insider now directly owns 57,403 shares in the company, valued at $4,234,045.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Vice Chairman Douglas Paul Krause sold 8,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $73.76, for a total transaction of $590,080.00. Following the sale, the insider now owns 57,403 shares in the company, valued at $4,234,045.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $83.50, for a total transaction of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares of the company’s stock, valued at approximately $1,382,509.50. The disclosure for this sale can be found here. Insiders have sold 21,346 shares of company stock worth $1,698,240 over the last quarter. 1.04% of the stock is currently owned by insiders.

Institutional Trading of East West Bancorp

Several institutional investors have recently bought and sold shares of EWBC. Riverview Trust Co acquired a new position in shares of East West Bancorp during the 1st quarter worth approximately $25,000. YHB Investment Advisors Inc. purchased a new position in East West Bancorp during the first quarter valued at $27,000. Kapitalo Investimentos Ltda purchased a new position in East West Bancorp during the fourth quarter valued at $29,000. Rise Advisors LLC purchased a new stake in shares of East West Bancorp during the first quarter worth about $30,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of East West Bancorp during the 2nd quarter worth about $30,000. 89.53% of the stock is owned by institutional investors and hedge funds.

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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.