East West Bancorp, Inc. (NASDAQ:EWBC) has received an average rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $62.63.

EWBC has been the subject of a number of recent analyst reports. Barclays PLC reaffirmed an “overweight” rating and issued a $63.00 price objective (up previously from $61.00) on shares of East West Bancorp in a research note on Sunday, April 23rd. Zacks Investment Research downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 6th. Deutsche Bank AG downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating and set a $61.00 target price for the company. in a research report on Friday, July 14th. BidaskClub upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $57.00 target price on shares of East West Bancorp in a research report on Friday, June 23rd.

Shares of East West Bancorp (NASDAQ:EWBC) traded up 1.25% on Monday, hitting $57.71. The company had a trading volume of 664,885 shares. The company has a 50-day moving average of $57.78 and a 200 day moving average of $54.33. The stock has a market cap of $8.34 billion, a PE ratio of 16.48 and a beta of 1.42. East West Bancorp has a 12 month low of $33.02 and a 12 month high of $60.42.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. East West Bancorp had a net margin of 34.63% and a return on equity of 13.31%. The firm had revenue of $337.49 million during the quarter, compared to analyst estimates of $329.32 million. During the same quarter last year, the business posted $0.71 EPS. Analysts anticipate that East West Bancorp will post $3.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, July 28th. East West Bancorp’s dividend payout ratio is currently 22.92%.

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In other East West Bancorp news, Director Molly Campbell sold 590 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $55.93, for a total value of $32,998.70. Following the completion of the transaction, the director now directly owns 3,903 shares of the company’s stock, valued at $218,294.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Herman Y. Li sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $56.75, for a total transaction of $227,000.00. Following the completion of the transaction, the director now directly owns 48,000 shares of the company’s stock, valued at $2,724,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,713 shares of company stock valued at $326,256. Insiders own 0.88% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 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 in the last quarter. Victory Capital Management Inc. increased its position in shares of East West Bancorp by 6,167.5% in the first quarter. Victory Capital Management Inc. now owns 1,109,782 shares of the financial services provider’s stock worth $57,276,000 after buying an additional 1,092,075 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. William Blair Investment Management LLC increased its position in shares of East West Bancorp by 56.2% in the first quarter. William Blair Investment Management LLC now owns 1,504,334 shares of the financial services provider’s stock worth $77,639,000 after buying an additional 541,149 shares in the last quarter. Finally, Boston Partners increased its position in shares of 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 in the last quarter. 87.61% of the stock is owned by institutional investors.

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.

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

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