East West Bancorp, Inc. (NASDAQ:EWBC) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $64.22.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price objective (up previously from $59.00) on shares of East West Bancorp in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $57.00 price objective on shares of East West Bancorp in a research note on Tuesday, September 26th. Finally, BMO Capital Markets lowered shares of East West Bancorp from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research note on Friday, July 7th.

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In other East West Bancorp news, Director Rudolph Estrada sold 1,916 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $55.97, for a total transaction of $107,238.52. Following the completion of the transaction, the director now owns 15,475 shares of the company’s stock, valued at approximately $866,135.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Herman Y. Li sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the director now directly owns 40,130 shares of the company’s stock, valued at approximately $2,447,930. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its position in East West Bancorp by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 2,508 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 26 shares during the last quarter. Cadence Capital Management LLC lifted its position in East West Bancorp by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 5,859 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 60 shares during the last quarter. Wright Investors Service Inc. lifted its position in East West Bancorp by 0.6% during the 2nd quarter. Wright Investors Service Inc. now owns 14,145 shares of the financial services provider’s stock worth $829,000 after acquiring an additional 90 shares during the last quarter. Utah Retirement Systems lifted its position in East West Bancorp by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 26,294 shares of the financial services provider’s stock worth $1,540,000 after acquiring an additional 100 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC lifted its position in East West Bancorp by 1.3% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 10,354 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 129 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The company had revenue of $348.97 million during the quarter, compared to analyst estimates of $349.28 million. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, October 31st. East West Bancorp’s dividend payout ratio is 21.98%.

East West Bancorp Company Profile

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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