East West Bancorp Given Average Recommendation of “Buy” by Brokerages (NASDAQ:EWBC)
Shares of East West Bancorp (NASDAQ:EWBC) have earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the stock, American Banking & Market News reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $36.06.
East West Bancorp (NASDAQ:EWBC) traded up 1.50% on Monday, hitting $36.52. 137,344 shares of the company’s stock traded hands. East West Bancorp has a one year low of $23.19 and a one year high of $38.26. The stock has a 50-day moving average of $36.18 and a 200-day moving average of $34.65. The company has a market cap of $5.184 billion and a price-to-earnings ratio of 16.81.
East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, April 17th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.07. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, analysts predict that East West Bancorp will post $2.29 earnings per share for the current fiscal year.
EWBC has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of East West Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $43.00 price target on the stock, up previously from $36.00. Separately, analysts at Sterne Agee & Leach upgraded shares of East West Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $43.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of East West Bancorp from $38.00 to $40.00 in a research note on Tuesday, April 8th.
East West Bancorp, Inc (NASDAQ:EWBC) is a bank holding company.
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