East West Bancorp, Inc. (NASDAQ:EWBC) Given Consensus Rating of “Moderate Buy” by Brokerages

East West Bancorp, Inc. (NASDAQ:EWBC) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $110.23.

EWBC has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Compass Point boosted their price objective on East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. StockNews.com cut East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. Truist Financial upped their price target on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Stephens downgraded shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th.

Insider Buying and Selling

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total value of $985,000.00. Following the completion of the transaction, the insider now owns 117,193 shares in the company, valued at approximately $11,543,510.50. This represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.00. Following the completion of the transaction, the insider now owns 45,403 shares of the company’s stock, valued at $4,840,413.83. The trade was a 20.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,969 shares of company stock valued at $2,458,276 over the last ninety days. Corporate insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On East West Bancorp

Large investors have recently made changes to their positions in the stock. RBA Wealth Management LLC increased its holdings in East West Bancorp by 0.3% in the fourth quarter. RBA Wealth Management LLC now owns 56,472 shares of the financial services provider’s stock valued at $5,408,000 after buying an additional 162 shares in the last quarter. JB Capital LLC increased its stake in East West Bancorp by 2.9% in the 4th quarter. JB Capital LLC now owns 55,064 shares of the financial services provider’s stock valued at $5,273,000 after purchasing an additional 1,542 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in East West Bancorp by 12.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,409 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 263 shares during the last quarter. Institute for Wealth Management LLC. purchased a new stake in East West Bancorp during the fourth quarter worth $278,000. Finally, R Squared Ltd acquired a new stake in East West Bancorp in the fourth quarter valued at $180,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

East West Bancorp Price Performance

EWBC stock opened at $102.93 on Friday. The business has a 50 day moving average price of $101.30 and a 200 day moving average price of $91.05. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 2.85 and a beta of 1.30. East West Bancorp has a fifty-two week low of $67.27 and a fifty-two week high of $113.95. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.03. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $641.80 million. During the same quarter in the previous year, the firm earned $2.02 EPS. Equities research analysts anticipate that East West Bancorp will post 8.38 earnings per share for the current fiscal 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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.