East West Bancorp (NASDAQ:EWBC) had its price target boosted by analysts at SunTrust Banks from $220.00 to $260.00 in a research report issued on Tuesday, The Fly reports.

Several other research firms also recently commented on EWBC. Keefe, Bruyette & Woods downgraded East West Bancorp from an “outperform” rating to a “market perform” rating and set a $34.00 price objective on the stock. in a research note on Wednesday, April 1st. ValuEngine cut East West Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 25th. UBS Group upped their price target on shares of East West Bancorp from $24.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Morgan Stanley upped their price objective on East West Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Finally, BidaskClub cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, June 18th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.44.

Shares of NASDAQ:EWBC traded up $1.05 during trading on Tuesday, reaching $36.31. 15,585 shares of the stock traded hands, compared to its average volume of 1,376,393. East West Bancorp has a 52-week low of $22.55 and a 52-week high of $51.88. The stock has a market cap of $4.99 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 0.93 and a beta of 2.00. The stock has a 50-day moving average of $36.04 and a two-hundred day moving average of $38.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.99 and a current ratio of 0.99.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $416.76 million during the quarter, compared to analysts’ expectations of $401.75 million. East West Bancorp had a return on equity of 14.00% and a net margin of 31.34%. During the same quarter in the previous year, the business earned $1.16 earnings per share. Sell-side analysts expect that East West Bancorp will post 3.62 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Arden Trust Co purchased a new position in shares of East West Bancorp in the 1st quarter valued at about $38,000. Private Capital Group LLC lifted its position in East West Bancorp by 39.1% during the first quarter. Private Capital Group LLC now owns 2,160 shares of the financial services provider’s stock worth $56,000 after buying an additional 607 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in East West Bancorp during the fourth quarter worth about $57,000. Smithfield Trust Co. increased its stake in East West Bancorp by 2,775.0% during the first quarter. Smithfield Trust Co. now owns 2,300 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 2,220 shares during the last quarter. Finally, Pendal Group Ltd increased its stake in East West Bancorp by 65.7% during the first quarter. Pendal Group Ltd now owns 3,062 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,214 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

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 and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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The Fly

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

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