East West Bancorp, Inc. (NASDAQ:EWBC) Receives $138.31 Average PT from Analysts

East West Bancorp, Inc. (NASDAQ:EWBCGet Free Report) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $140.2308.

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on East West Bancorp from $128.00 to $136.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Morgan Stanley upped their target price on shares of East West Bancorp from $128.00 to $131.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of East West Bancorp in a report on Thursday, July 23rd. Stephens upped their price target on shares of East West Bancorp from $129.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 4th.

Read Our Latest Stock Analysis on East West Bancorp

East West Bancorp Price Performance

EWBC opened at $131.31 on Wednesday. The stock’s 50 day moving average price is $128.56 and its 200-day moving average price is $119.75. East West Bancorp has a 52-week low of $92.67 and a 52-week high of $136.24. The stock has a market capitalization of $17.99 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 0.88.

East West Bancorp (NASDAQ:EWBCGet Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.02. East West Bancorp had a net margin of 30.45% and a return on equity of 16.07%. The firm had revenue of $791.14 million for the quarter, compared to analyst estimates of $784.47 million. During the same quarter in the previous year, the firm posted $2.24 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts predict that East West Bancorp will post 10.59 EPS for the current year.

East West Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 2.4%. East West Bancorp’s dividend payout ratio (DPR) is presently 30.77%.

Insider Activity

In other news, Vice Chairman Douglas Paul Krause sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $123.50, for a total value of $1,235,000.00. Following the transaction, the insider owned 46,974 shares of the company’s stock, valued at approximately $5,801,289. The trade was a 17.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Irene H. Oh sold 11,211 shares of East West Bancorp stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $129.00, for a total transaction of $1,446,219.00. Following the completion of the sale, the insider owned 85,998 shares in the company, valued at approximately $11,093,742. This represents a 11.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,311 shares of company stock worth $6,784,711. 0.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EWBC. Marathon Mission Inc. grew its position in East West Bancorp by 3.8% in the second quarter. Marathon Mission Inc. now owns 2,566 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 93 shares in the last quarter. Quarry LP boosted its stake in East West Bancorp by 35.4% during the third quarter. Quarry LP now owns 390 shares of the financial services provider’s stock worth $42,000 after buying an additional 102 shares during the period. Quadrant Capital Group LLC raised its stake in shares of East West Bancorp by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 5,674 shares of the financial services provider’s stock valued at $604,000 after acquiring an additional 102 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in shares of East West Bancorp by 1.1% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 9,195 shares of the financial services provider’s stock worth $1,033,000 after purchasing an additional 102 shares during the period. Finally, Swiss Life Asset Management Ltd grew its holdings in East West Bancorp by 1.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 6,404 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

East West Bancorp Company Profile

(Get Free Report)

East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.

Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.

See Also

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

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