Brokerages Set East West Bancorp, Inc. (NASDAQ:EWBC) Target Price at $99.46

East West Bancorp, Inc. (NASDAQ:EWBC) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $99.46.

A number of analysts recently weighed in on the stock. Stephens upped their price objective on shares of East West Bancorp from $91.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. DA Davidson upped their price target on shares of East West Bancorp from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Compass Point increased their price objective on shares of East West Bancorp from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of East West Bancorp from $97.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their target price on East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd.

Insider Activity at East West Bancorp

In other East West Bancorp news, Director Molly Campbell sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $98.65, for a total transaction of $147,975.00. Following the transaction, the director now owns 10,639 shares in the company, valued at approximately $1,049,537.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Molly Campbell sold 1,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $98.65, for a total value of $147,975.00. Following the transaction, the director now directly owns 10,639 shares of the company’s stock, valued at approximately $1,049,537.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $83.50, for a total value of $167,000.00. Following the sale, the director now directly owns 16,557 shares of the company’s stock, valued at $1,382,509.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,969 shares of company stock valued at $1,345,956 in the last three months. 1.04% of the stock is owned by insiders.

Institutional Trading of East West Bancorp

Several large investors have recently made changes to their positions in EWBC. Capital Performance Advisors LLP acquired a new stake in East West Bancorp during the third quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of East West Bancorp during the 2nd quarter worth approximately $30,000. UMB Bank n.a. increased its holdings in shares of East West Bancorp by 362.8% during the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 283 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of East West Bancorp in the 2nd quarter valued at $31,000. Finally, Signaturefd LLC lifted its stake in shares of East West Bancorp by 490.1% in the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 446 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

East West Bancorp Trading Up 9.6 %

NASDAQ EWBC opened at $107.16 on Monday. East West Bancorp has a 12 month low of $55.43 and a 12 month high of $107.33. The company’s 50-day moving average price is $86.66 and its 200-day moving average price is $80.12. The stock has a market cap of $14.85 billion, a PE ratio of 13.53, a PEG ratio of 2.85 and a beta of 1.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping the consensus estimate of $2.06 by $0.03. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. During the same period last year, the business posted $2.02 EPS. Equities research analysts forecast that East West Bancorp will post 8.31 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.20 annualized dividend and a dividend yield of 2.05%. East West Bancorp’s dividend payout ratio (DPR) is currently 27.78%.

About East West Bancorp

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.