East West Bancorp (NASDAQ:EWBC) PT Raised to $110.00

East West Bancorp (NASDAQ:EWBC) had its target price boosted by equities research analysts at Compass Point from $93.00 to $110.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Compass Point’s price objective suggests a potential upside of 15.67% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. DA Davidson lifted their target price on shares of East West Bancorp from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley raised their price target on shares of East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Barclays upped their price objective on East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial raised their target price on East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, StockNews.com downgraded East West Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.46.

East West Bancorp Stock Performance

Shares of East West Bancorp stock opened at $95.10 on Thursday. The business’s 50 day moving average price is $83.94 and its 200 day moving average price is $78.62. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92. East West Bancorp has a one year low of $52.29 and a one year high of $98.95.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. During the same period last year, the company earned $2.02 EPS. On average, research analysts predict that East West Bancorp will post 8.2 EPS for the current year.

Insider Transactions at East West Bancorp

In related news, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares in the company, valued at approximately $1,382,509.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Lisa L. Kim sold 6,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $78.68, for a total value of $472,080.00. Following the sale, the executive vice president now directly owns 18,891 shares in the company, valued at approximately $1,486,343.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares of the company’s stock, valued at approximately $1,382,509.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On East West Bancorp

Several large investors have recently bought and sold shares of the stock. Riverview Trust Co purchased a new position in shares of East West Bancorp in the 1st quarter valued at about $25,000. UMB Bank n.a. raised its holdings in East West Bancorp by 362.8% in the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 283 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in East West Bancorp in the second quarter worth approximately $30,000. American Capital Advisory LLC acquired a new position in East West Bancorp during the 2nd quarter worth approximately $31,000. Finally, Tobam increased its position in shares of East West Bancorp by 131.7% in the 3rd quarter. Tobam now owns 482 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

About East West Bancorp

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.