East West Bancorp Inc. Sets New 1-Year High at $31.98 (EWBC)
Shares of East West Bancorp (NASDAQ:EWBC) hit a new 52-week high during trading hours on Monday, AR Network reports. The company traded as high as $31.98 and last traded at $31.97, with a volume of 377,218 shares trading hands. The stock had previously closed at $31.75.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of East West Bancorp (NASDAQ:EWBC) from $32.00 to $34.00 in a research note to investors on Sunday, September 22nd. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of East West Bancorp (NASDAQ:EWBC) from $33.00 to $34.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of East West Bancorp (NASDAQ:EWBC) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $34.30 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.30.
East West Bancorp has a 1-year low of $19.68 and a 1-year high of $31.97. The stock’s 50-day moving average is $30.34 and its 200-day moving average is $27.58. The company has a market cap of $4.375 billion and a price-to-earnings ratio of 15.90.
East West Bancorp (NASDAQ:EWBC) last released its earnings data on Wednesday, July 17th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. During the same quarter last year, the company posted $0.47 earnings per share. Analysts expect that East West Bancorp will post $2.10 EPS for the current fiscal year.
East West Bancorp, Inc (NASDAQ:EWBC) is a bank holding company.
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