East West Bancorp, Inc. (NASDAQ:EWBC – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $89.53.
A number of research analysts recently commented on the company. Jefferies Financial Group lowered their price objective on East West Bancorp from $94.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Barclays decreased their price target on East West Bancorp from $106.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, June 24th. Truist Financial increased their price target on East West Bancorp from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Piper Sandler increased their price target on East West Bancorp from $72.50 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods increased their price target on East West Bancorp from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th.
Get Our Latest Analysis on East West Bancorp
Insider Activity
Institutional Investors Weigh In On East West Bancorp
Several hedge funds have recently bought and sold shares of EWBC. Capital Research Global Investors acquired a new position in East West Bancorp in the 1st quarter worth about $338,142,000. Norges Bank acquired a new position in East West Bancorp in the 4th quarter worth about $115,369,000. Westfield Capital Management Co. LP acquired a new position in East West Bancorp in the 4th quarter worth about $67,692,000. Boston Partners increased its position in East West Bancorp by 48.5% in the 4th quarter. Boston Partners now owns 2,713,987 shares of the financial services provider’s stock worth $195,279,000 after purchasing an additional 886,841 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in East West Bancorp in the 2nd quarter worth about $59,460,000. 89.53% of the stock is owned by hedge funds and other institutional investors.
East West Bancorp Stock Performance
EWBC stock opened at $80.24 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The firm has a market cap of $11.16 billion, a P/E ratio of 10.11, a P/E/G ratio of 2.84 and a beta of 1.32. East West Bancorp has a 12-month low of $49.59 and a 12-month high of $89.75. The stock’s 50 day simple moving average is $77.07 and its 200 day simple moving average is $75.33.
East West Bancorp (NASDAQ:EWBC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.10. The firm had revenue of $638.00 million during the quarter, compared to the consensus estimate of $631.61 million. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.20 EPS. As a group, equities research analysts predict that East West Bancorp will post 8.15 EPS for the current year.
East West Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were paid a dividend of $0.55 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.20 annualized dividend and a yield of 2.74%. East West Bancorp’s dividend payout ratio is currently 27.71%.
East West Bancorp Company Profile
East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.
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