Investment Analysts’ Weekly Ratings Updates for East West Bancorp (EWBC)

A number of firms have modified their ratings and price targets on shares of East West Bancorp (NASDAQ: EWBC) recently:

• 12/10/2024 – East West Bancorp had its price target raised by analysts at Compass Point from $110.00 to $125.00. They now have a “buy” rating on the stock.
• 12/9/2024 – East West Bancorp was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
• 12/5/2024 – East West Bancorp had its price target raised by analysts at Barclays PLC from $110.00 to $120.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – East West Bancorp had its price target raised by analysts at Keefe, Bruyette & Woods from $96.00 to $128.00. They now have an “outperform” rating on the stock.
• 12/3/2024 – East West Bancorp had its price target raised by analysts at Wells Fargo & Company from $105.00 to $120.00. They now have an “overweight” rating on the stock.
• 10/29/2024 – East West Bancorp was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/24/2024 – East West Bancorp had its price target raised by analysts at Stephens from $91.00 to $104.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – East West Bancorp had its price target raised by analysts at Compass Point from $93.00 to $110.00. They now have a “buy” rating on the stock.
• 10/23/2024 – East West Bancorp had its price target raised by analysts at Wells Fargo & Company from $97.00 to $105.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – East West Bancorp had its price target raised by analysts at Barclays PLC from $108.00 to $110.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – East West Bancorp had its price target raised by analysts at Wedbush from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – East West Bancorp had its price target raised by analysts at Piper Sandler from $87.00 to $95.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – East West Bancorp had its price target raised by analysts at DA Davidson from $100.00 to $107.00. They now have a “buy” rating on the stock.
• 10/23/2024 – East West Bancorp had its price target raised by analysts at Truist Financial Co. from $93.00 to $101.00. They now have a “buy” rating on the stock.
• 10/23/2024 – East West Bancorp had its price target raised by analysts at Citigroup Inc. from $103.00 to $109.00. They now have a “buy” rating on the stock.
• 10/21/2024 – East West Bancorp was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

East West Bancorp Price Performance

NASDAQ EWBC traded up $0.77 on Tuesday, reaching $103.61. The company’s stock had a trading volume of 631,410 shares, compared to its average volume of 920,228. The firm has a market cap of $14.36 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 3.06 and a beta of 1.28. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp, Inc. has a 52 week low of $67.03 and a 52 week high of $113.95. The business has a 50-day moving average price of $98.66 and a 200 day moving average price of $85.19.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $2.06 by $0.03. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same quarter in the previous year, the firm earned $2.02 EPS. Sell-side analysts expect that East West Bancorp, Inc. will post 8.38 EPS for the current year.

East West Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.55 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a yield of 2.12%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

Insider Transactions at East West Bancorp

In related news, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.00. Following the completion of the transaction, the insider now directly owns 45,403 shares of the company’s stock, valued at $4,840,413.83. The trade was a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rudolph Estrada sold 469 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total transaction of $45,980.76. Following the sale, the director now directly owns 17,750 shares in the company, valued at approximately $1,740,210. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,969 shares of company stock valued at $2,458,276. Corporate insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On East West Bancorp

Several large investors have recently made changes to their positions in EWBC. Covestor Ltd raised its holdings in East West Bancorp by 7.4% during the 3rd quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 106 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of East West Bancorp by 2.8% during the second quarter. CIBC Asset Management Inc now owns 4,753 shares of the financial services provider’s stock worth $348,000 after buying an additional 128 shares during the last quarter. Lindenwold Advisors INC lifted its holdings in East West Bancorp by 1.8% in the third quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock valued at $602,000 after buying an additional 129 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in East West Bancorp by 3.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,606 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 133 shares during the last quarter. Finally, US Bancorp DE grew its holdings in East West Bancorp by 7.8% during the 3rd quarter. US Bancorp DE now owns 1,949 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

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.