East West Bancorp Inc. (NASDAQ:EWBC) had its price target lifted by Deutsche Bank AG from $40.00 to $45.00 in a research note published on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on EWBC. BMO Capital Markets reiterated a buy rating and set a $41.00 price target on shares of East West Bancorp in a report on Friday, July 22nd. Zacks Investment Research raised East West Bancorp from a sell rating to a hold rating in a research note on Monday, October 3rd. Finally, Macquarie raised East West Bancorp from a neutral rating to an outperform rating in a research note on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. East West Bancorp has an average rating of Buy and a consensus target price of $43.43.

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

Shares of East West Bancorp (NASDAQ:EWBC) traded up 0.79% during mid-day trading on Tuesday, reaching $39.32. 206,860 shares of the company traded hands. The stock has a market capitalization of $5.67 billion, a PE ratio of 14.40 and a beta of 1.55. East West Bancorp has a 52 week low of $27.25 and a 52 week high of $43.94. The firm has a 50 day moving average of $36.65 and a 200-day moving average of $35.69.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. East West Bancorp had a return on equity of 12.49% and a net margin of 31.15%. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, equities research analysts expect that East West Bancorp will post $2.85 EPS for the current fiscal year.

In other East West Bancorp news, Director Rudolph Estrada sold 2,888 shares of East West Bancorp stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $34.62, for a total value of $99,982.56. Following the transaction, the director now directly owns 15,261 shares in the company, valued at approximately $528,335.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack C. Liu sold 2,101 shares of East West Bancorp stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $37.35, for a total value of $78,472.35. Following the completion of the transaction, the director now owns 29,006 shares in the company, valued at $1,083,374.10. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of East West Bancorp by 10.4% in the first quarter. BlackRock Inc. now owns 131,843 shares of the financial services provider’s stock valued at $4,282,000 after buying an additional 12,367 shares during the period. BlackRock Group LTD increased its stake in East West Bancorp by 13.1% in the first quarter. BlackRock Group LTD now owns 317,133 shares of the financial services provider’s stock worth $10,300,000 after buying an additional 36,692 shares during the period. BlackRock Japan Co. Ltd increased its stake in East West Bancorp by 66.9% in the first quarter. BlackRock Japan Co. Ltd now owns 14,399 shares of the financial services provider’s stock worth $468,000 after buying an additional 5,772 shares during the period. JPMorgan Chase & Co. increased its stake in East West Bancorp by 25.5% in the first quarter. JPMorgan Chase & Co. now owns 6,422,821 shares of the financial services provider’s stock worth $208,612,000 after buying an additional 1,306,783 shares during the period. Finally, M&T Bank Corp increased its stake in East West Bancorp by 174.3% in the first quarter. M&T Bank Corp now owns 67,541 shares of the financial services provider’s stock worth $2,193,000 after buying an additional 42,916 shares during the period. Institutional investors own 85.58% of the company’s stock.

About East West Bancorp

East West Bancorp, Inc (East West) is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network.

5 Day Chart for NASDAQ:EWBC

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