East West Bancorp (EWBC) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for East West Bancorp (NASDAQ: EWBC):

  • 2/9/2018 – East West Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/6/2018 – East West Bancorp was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating.
  • 2/2/2018 – East West Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/2/2018 – East West Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/31/2018 – East West Bancorp had its price target raised by analysts at Morgan Stanley from $69.00 to $70.00. They now have an “equal weight” rating on the stock.
  • 1/26/2018 – East West Bancorp had its price target raised by analysts at Barclays PLC from $70.00 to $78.00. They now have an “overweight” rating on the stock.
  • 1/26/2018 – East West Bancorp had its price target raised by analysts at BMO Capital Markets to $74.00. They now have a “market perform” rating on the stock.
  • 1/26/2018 – East West Bancorp had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $76.00 price target on the stock.
  • 1/11/2018 – East West Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/9/2018 – East West Bancorp had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $72.00 price target on the stock, up previously from $65.00.
  • 1/9/2018 – East West Bancorp had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $79.00 price target on the stock.
  • 1/8/2018 – East West Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “East West Bancorp, Inc. is the holding company for East West Bank, East West Capital Trust I, East West Capital Trust II and Risk Services, Inc. “
  • 1/4/2018 – East West Bancorp had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $69.00 price target on the stock.
  • 1/4/2018 – East West Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “East West Bancorp, Inc. is the holding company for East West Bank, East West Capital Trust I, East West Capital Trust II and Risk Services, Inc. “
  • 1/2/2018 – East West Bancorp had its price target raised by analysts at Barclays PLC from $66.00 to $70.00. They now have an “overweight” rating on the stock.
  • 12/31/2017 – East West Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/25/2017 – East West Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “East West Bancorp, Inc. is the holding company for East West Bank, East West Capital Trust I, East West Capital Trust II and Risk Services, Inc. “

Shares of East West Bancorp, Inc. (NASDAQ EWBC) traded up $1.66 during mid-day trading on Monday, reaching $64.18. The company had a trading volume of 761,200 shares, compared to its average volume of 867,340. The stock has a market cap of $9,276.76, a PE ratio of 18.55, a PEG ratio of 1.39 and a beta of 1.45. East West Bancorp, Inc. has a 52 week low of $48.07 and a 52 week high of $69.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.00 and a quick ratio of 1.00.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). The company had revenue of $365.06 million for the quarter, compared to analysts’ expectations of $359.43 million. East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. research analysts anticipate that East West Bancorp, Inc. will post 4.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, February 2nd. East West Bancorp’s payout ratio is 23.12%.

In other East West Bancorp news, Director Iris S. Chan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $66.69, for a total transaction of $133,380.00. Following the completion of the transaction, the director now owns 20,301 shares of the company’s stock, valued at approximately $1,353,873.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Paul Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total value of $306,300.00. Following the transaction, the insider now directly owns 18,015 shares of the company’s stock, valued at approximately $1,103,598.90. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock valued at $704,434 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

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.

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