East West Bancorp, Inc. (NASDAQ:EWBC) Receives $80.36 Average PT from Brokerages

Shares of East West Bancorp, Inc. (NASDAQ:EWBC) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $80.36.

EWBC has been the subject of a number of research analyst reports. Barclays began coverage on East West Bancorp in a research report on Friday, March 8th. They issued an “overweight” rating and a $106.00 price target for the company. Truist Financial raised their price target on East West Bancorp from $62.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Compass Point raised their price target on East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Citigroup raised their price target on East West Bancorp from $85.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Stephens initiated coverage on East West Bancorp in a research note on Friday, December 8th. They issued an “overweight” rating and a $79.00 price target on the stock.

Insider Activity

In other news, Director Molly Campbell sold 1,625 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $77.26, for a total transaction of $125,547.50. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $797,400.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $73.58, for a total transaction of $147,160.00. Following the transaction, the director now directly owns 16,739 shares of the company’s stock, valued at $1,231,655.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Molly Campbell sold 1,625 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total value of $125,547.50. Following the transaction, the director now directly owns 10,321 shares in the company, valued at $797,400.46. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Denali Advisors LLC raised its position in East West Bancorp by 66.7% during the fourth quarter. Denali Advisors LLC now owns 500 shares of the financial services provider’s stock valued at $36,000 after buying an additional 200 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of East West Bancorp by 65.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 535 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 211 shares in the last quarter. Planned Solutions Inc. bought a new stake in shares of East West Bancorp during the 4th quarter worth about $40,000. EverSource Wealth Advisors LLC boosted its stake in East West Bancorp by 52.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 666 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 230 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in East West Bancorp by 1,050.0% during the 4th quarter. Global Retirement Partners LLC now owns 667 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 609 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.

East West Bancorp Stock Down 0.2 %

EWBC stock opened at $79.11 on Friday. The company’s 50 day moving average price is $73.60 and its 200 day moving average price is $65.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.97 and a beta of 1.38. East West Bancorp has a fifty-two week low of $41.12 and a fifty-two week high of $79.51.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. East West Bancorp had a return on equity of 18.47% and a net margin of 29.11%. The business had revenue of $654.70 million during the quarter, compared to the consensus estimate of $641.91 million. During the same period in the prior year, the company earned $2.37 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that East West Bancorp will post 7.9 EPS for the current fiscal year.

East West Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, February 2nd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.48. East West Bancorp’s payout ratio is 26.89%.

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.