DA Davidson Cuts East West Bancorp (NASDAQ:EWBC) Price Target to $100.00

East West Bancorp (NASDAQ:EWBC) had its price objective cut by DA Davidson from $118.00 to $100.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock. DA Davidson also issued estimates for East West Bancorp’s Q2 2025 earnings at $2.24 EPS.

EWBC has been the topic of a number of other research reports. Morgan Stanley downgraded East West Bancorp from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $118.00 to $90.00 in a report on Monday, April 7th. Piper Sandler cut their price objective on shares of East West Bancorp from $100.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company reduced their price objective on shares of East West Bancorp from $120.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. StockNews.com downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, March 28th. Finally, Barclays boosted their price target on shares of East West Bancorp from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.46.

East West Bancorp Stock Down 0.8 %

Shares of East West Bancorp stock opened at $85.26 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. East West Bancorp has a 52-week low of $68.27 and a 52-week high of $113.95. The company has a market capitalization of $11.80 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.29 and a beta of 1.09. The company has a 50 day moving average of $85.38 and a 200 day moving average of $94.80.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. The business had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $673.02 million. East West Bancorp had a net margin of 25.73% and a return on equity of 15.71%. As a group, research analysts forecast that East West Bancorp will post 8.85 EPS for the current fiscal year.

East West Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, May 2nd. East West Bancorp’s dividend payout ratio (DPR) is presently 28.81%.

Insider Activity

In other news, CEO Dominic Ng sold 19,819 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total transaction of $1,783,710.00. Following the transaction, the chief executive officer now directly owns 968,314 shares of the company’s stock, valued at $87,148,260. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack C. Liu sold 725 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total transaction of $75,762.50. Following the completion of the sale, the director now owns 15,832 shares of the company’s stock, valued at $1,654,444. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,181 shares of company stock valued at $5,625,732 over the last quarter. Corporate insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of East West Bancorp during the 3rd quarter worth approximately $26,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in East West Bancorp during the fourth quarter worth $26,000. Venturi Wealth Management LLC boosted its position in East West Bancorp by 73.2% during the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 175 shares in the last quarter. Versant Capital Management Inc grew its holdings in East West Bancorp by 89.7% in the first quarter. Versant Capital Management Inc now owns 518 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 245 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of East West Bancorp by 448.9% in the first quarter. Grove Bank & Trust now owns 516 shares of the financial services provider’s stock valued at $46,000 after buying an additional 422 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.