East West Bancorp (EWBC) Earns Daily Media Sentiment Score of 0.25
Press coverage about East West Bancorp (NASDAQ:EWBC) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. East West Bancorp earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.4632780632638 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Raymond James Financial, Inc. Upgrades East West Bancorp, Inc. (EWBC) to “Market Perform” (americanbankingnews.com)
- ETFs with exposure to East West Bancorp, Inc. : October 4, 2017 (finance.yahoo.com)
- East West Bancorp, Inc. :EWBC-US: Earnings Analysis: Q2, 2017 By the Numbers : October 3, 2017 (finance.yahoo.com)
- Advice by Analysts to Buy Financial Stock: East West Bancorp, Inc … – Street Observer (press release) (streetobserver.com)
- East West Bancorp’s (EWBC) Equal Weight Rating Reaffirmed at Morgan Stanley (americanbankingnews.com)
EWBC has been the subject of several analyst reports. Raymond James Financial, Inc. raised East West Bancorp from an “underperform” rating to a “market perform” rating in a research note on Thursday. Zacks Investment Research lowered East West Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Morgan Stanley reissued an “equal weight” rating and set a $63.00 price target (up from $61.00) on shares of East West Bancorp in a research note on Wednesday. BidaskClub raised East West Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Wedbush reissued an “outperform” rating and set a $68.00 price target on shares of East West Bancorp in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.13.
Shares of East West Bancorp (EWBC) opened at 59.67 on Friday. East West Bancorp has a 52 week low of $37.75 and a 52 week high of $60.74. The company’s 50 day moving average price is $56.35 and its 200-day moving average price is $55.68. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 17.04 and a beta of 1.46.
East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. East West Bancorp had a return on equity of 13.31% and a net margin of 34.63%. The company had revenue of $337.49 million for the quarter, compared to analysts’ expectations of $329.32 million. During the same period in the prior year, the firm earned $0.71 earnings per share. Analysts anticipate that East West Bancorp will post $3.71 earnings per share for the current fiscal year.
In other East West Bancorp news, Director Rudolph Estrada sold 1,916 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $55.97, for a total transaction of $107,238.52. Following the transaction, the director now directly owns 15,475 shares in the company, valued at $866,135.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.
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About East West Bancorp
East West Bancorp, Inc 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 is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.
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