Analysts Set East West Bancorp, Inc. (NASDAQ:EWBC) PT at $102.25

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $102.25.

A number of equities research analysts have weighed in on the company. Citigroup lifted their target price on East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wedbush upped their price objective on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial raised their target price 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. 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. Finally, Barclays increased their price objective on shares of East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

Insider Transactions at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $98.50, for a total transaction of $985,000.00. Following the sale, the insider now owns 117,193 shares of the company’s stock, valued at approximately $11,543,510.50. The trade was a 7.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the transaction, the insider now owns 45,403 shares in the company, 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 in the last quarter. 1.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On East West Bancorp

A number of large investors have recently made changes to their positions in EWBC. Manning & Napier Advisors LLC acquired a new stake in East West Bancorp during the 2nd quarter worth about $3,832,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of East West Bancorp in the third quarter worth about $4,157,000. Janney Montgomery Scott LLC lifted its holdings in shares of East West Bancorp by 159.1% during the third quarter. Janney Montgomery Scott LLC now owns 29,587 shares of the financial services provider’s stock worth $2,448,000 after purchasing an additional 18,166 shares during the period. Quest Partners LLC boosted its position in East West Bancorp by 830,133.3% in the third quarter. Quest Partners LLC now owns 24,907 shares of the financial services provider’s stock valued at $2,061,000 after buying an additional 24,904 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in East West Bancorp in the 2nd quarter worth approximately $852,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

East West Bancorp Trading Down 0.3 %

EWBC stock opened at $109.68 on Friday. East West Bancorp has a 12 month low of $61.87 and a 12 month high of $113.95. The firm’s 50-day moving average is $95.26 and its 200 day moving average is $83.71. The company has a market capitalization of $15.20 billion, a PE ratio of 13.85, a P/E/G ratio of 3.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same period last year, the company posted $2.02 earnings per share. On average, research analysts anticipate that East West Bancorp will post 8.38 EPS for the current year.

East West Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.20 annualized dividend and a dividend yield of 2.01%. East West Bancorp’s dividend payout ratio is presently 27.78%.

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.