East West Bancorp (NASDAQ:EWBC) Given New $125.00 Price Target at Barclays

East West Bancorp (NASDAQ:EWBC) had its target price increased by Barclays from $120.00 to $125.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would suggest a potential upside of 31.47% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Piper Sandler increased their price target on shares of East West Bancorp from $87.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wedbush increased their target price on East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. StockNews.com raised East West Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Stephens lowered East West Bancorp from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company increased their price objective on East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.77.

East West Bancorp Stock Performance

NASDAQ EWBC traded down $0.02 during trading on Thursday, reaching $95.08. 613,763 shares of the company’s stock were exchanged, compared to its average volume of 920,760. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50 day moving average price of $100.88 and a 200-day moving average price of $86.27. The stock has a market capitalization of $13.18 billion, a P/E ratio of 12.01, a PEG ratio of 3.05 and a beta of 1.28. East West Bancorp has a fifty-two week low of $67.27 and a fifty-two week high of $113.95.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same period in the previous year, the company earned $2.02 earnings per share. Sell-side analysts forecast that East West Bancorp will post 8.39 earnings per share for the current fiscal year.

Insider Activity at East West Bancorp

In other news, Director Molly Campbell sold 1,500 shares of East West Bancorp stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $98.65, for a total transaction of $147,975.00. Following the sale, the director now directly owns 10,639 shares of the company’s stock, valued at approximately $1,049,537.35. This trade represents a 12.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s 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 sale, the insider now owns 45,403 shares in the company, valued at approximately $4,840,413.83. This trade represents a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,969 shares of company stock valued at $2,458,276 over the last ninety days. 1.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in East West Bancorp during the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of East West Bancorp in the 3rd quarter worth approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of East West Bancorp in the 2nd quarter valued at $30,000. UMB Bank n.a. increased its position in shares of East West Bancorp by 362.8% during the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after buying an additional 283 shares during the period. Finally, American Capital Advisory LLC bought a new position in East West Bancorp during the second quarter worth $31,000. 89.53% of the stock is owned by institutional investors.

East West Bancorp Company Profile

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.