Analysts Set East West Bancorp, Inc. (NASDAQ:EWBC) PT at $109.77

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $109.77.

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson increased their price target on East West Bancorp from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush boosted their price objective on East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price objective on East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Citigroup lifted their target price on East West Bancorp from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Insider Transactions at East West Bancorp

In other East West Bancorp 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 completion of the sale, the director now directly owns 10,639 shares in the company, valued at approximately $1,049,537.35. This trade represents a 12.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rudolph Estrada sold 469 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total value of $45,980.76. Following the sale, the director now owns 17,750 shares in the company, valued at $1,740,210. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,969 shares of company stock valued at $2,458,276 in the last 90 days. Insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On East West Bancorp

Large investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in East West Bancorp in the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of East West Bancorp during the third quarter worth $26,000. UMB Bank n.a. lifted its position in East West Bancorp by 362.8% during the third 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 during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of East West Bancorp in the second quarter worth about $30,000. Finally, American Capital Advisory LLC purchased a new stake in East West Bancorp in the 2nd quarter worth approximately $31,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

East West Bancorp Stock Up 0.5 %

NASDAQ EWBC opened at $97.18 on Tuesday. The company has a market capitalization of $13.47 billion, a P/E ratio of 12.27, a P/E/G ratio of 3.05 and a beta of 1.28. The stock has a 50 day moving average price of $101.60 and a 200-day moving average price of $87.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92. East West Bancorp has a one year low of $67.27 and a one year high of $113.95.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $641.80 million. During the same period last year, the company earned $2.02 earnings per share. As a group, equities analysts predict that East West Bancorp will post 8.39 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, November 4th. East West Bancorp’s dividend payout ratio is currently 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.