East West Bancorp, Inc. (NASDAQ:EWBC)‘s stock had its “hold” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research report issued on Monday. They currently have a $57.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 4.68% from the stock’s previous close.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded East West Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Barclays PLC restated an “overweight” rating and issued a $63.00 target price (up previously from $61.00) on shares of East West Bancorp in a research note on Sunday, April 23rd. Piper Jaffray Companies cut their target price on East West Bancorp to $62.00 and set an “overweight” rating for the company in a research note on Monday, April 17th. BMO Capital Markets restated a “buy” rating and issued a $63.00 target price on shares of East West Bancorp in a research note on Wednesday, March 22nd. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of East West Bancorp in a research note on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.83.

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

East West Bancorp (NASDAQ:EWBC) traded up 0.26% during midday trading on Monday, reaching $54.59. 338,375 shares of the company traded hands. East West Bancorp has a one year low of $31.34 and a one year high of $57.24. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 16.10 and a beta of 1.29. The firm has a 50-day moving average price of $53.64 and a 200-day moving average price of $51.17.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Wednesday, April 19th. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14. East West Bancorp had a return on equity of 13.09% and a net margin of 32.69%. The business had revenue of $388.15 million during the quarter, compared to the consensus estimate of $314.52 million. During the same quarter last year, the company earned $0.71 EPS. Equities analysts predict that East West Bancorp will post $3.70 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were given a dividend of $0.20 per share. The ex-dividend date was Thursday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. East West Bancorp’s dividend payout ratio (DPR) is presently 26.94%.

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In other news, CEO Dominic Ng sold 26,200 shares of East West Bancorp stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $54.08, for a total transaction of $1,416,896.00. Following the completion of the sale, the chief executive officer now owns 622,357 shares in the company, valued at approximately $33,657,066.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Molly Campbell sold 636 shares of East West Bancorp stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $54.47, for a total value of $34,642.92. Following the sale, the director now owns 4,493 shares of the company’s stock, valued at approximately $244,733.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 181,674 shares of company stock valued at $9,591,440. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds have recently modified their holdings of EWBC. BlackRock Inc. increased its stake in East West Bancorp by 11,449.0% in the first quarter. BlackRock Inc. now owns 11,955,936 shares of the financial services provider’s stock worth $617,046,000 after buying an additional 11,852,412 shares during the last quarter. Vanguard Group Inc. increased its stake in East West Bancorp by 5.0% in the first quarter. Vanguard Group Inc. now owns 11,840,450 shares of the financial services provider’s stock worth $611,085,000 after buying an additional 566,257 shares during the last quarter. Capital Research Global Investors increased its stake in East West Bancorp by 17.3% in the third quarter. Capital Research Global Investors now owns 10,180,011 shares of the financial services provider’s stock worth $373,708,000 after buying an additional 1,499,999 shares during the last quarter. State Street Corp increased its stake in East West Bancorp by 3.4% in the first quarter. State Street Corp now owns 6,094,888 shares of the financial services provider’s stock worth $314,556,000 after buying an additional 199,996 shares during the last quarter. Finally, Boston Partners increased its stake in East West Bancorp by 10.1% in the first quarter. Boston Partners now owns 5,739,945 shares of the financial services provider’s stock worth $296,238,000 after buying an additional 526,404 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

About East West Bancorp

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

12 Month Chart for NASDAQ:EWBC

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