East West Bancorp (NASDAQ:EWBC) Earns Hold Rating from Analysts at Truist Financial

Stock analysts at Truist Financial began coverage on shares of East West Bancorp (NASDAQ:EWBC - Get Free Report) in a research note issued on Tuesday. The firm set a "hold" rating and a $102.00 price target on the financial services provider's stock. Truist Financial's price objective would indicate a potential upside of 6.61% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company decreased their price objective on East West Bancorp from $120.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Barclays boosted their target price on shares of East West Bancorp from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Morgan Stanley lowered East West Bancorp from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $118.00 to $90.00 in a research note on Monday, April 7th. Piper Sandler cut their price target on shares of East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, DA Davidson reduced their price target on shares of East West Bancorp from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.54.

East West Bancorp Stock Performance

Shares of NASDAQ:EWBC traded up $0.11 during trading on Tuesday, hitting $95.68. The stock had a trading volume of 220,674 shares, compared to its average volume of 914,784. East West Bancorp has a 12-month low of $68.27 and a 12-month high of $113.95. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. The stock has a 50-day simple moving average of $84.16 and a two-hundred day simple moving average of $94.65.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. The company had revenue of $693.00 million during the quarter, compared to analysts' expectations of $673.02 million. East West Bancorp had a return on equity of 15.71% and a net margin of 25.73%. On average, equities research analysts expect that East West Bancorp will post 8.85 earnings per share for the current fiscal year.

Insider Buying and Selling at East West Bancorp

In other news, CEO Dominic Ng sold 20,181 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $90.01, for a total value of $1,816,491.81. Following the sale, the chief executive officer now directly owns 988,133 shares in the company, valued at approximately $88,941,851.33. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 100,181 shares of company stock valued at $9,273,894 in the last quarter. 1.04% of the stock is owned by insiders.

Institutional Trading of East West Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of East West Bancorp during the 4th quarter worth approximately $26,000. Picton Mahoney Asset Management raised its position in East West Bancorp by 1,971.4% in the first quarter. Picton Mahoney Asset Management now owns 290 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 276 shares during the period. Venturi Wealth Management LLC boosted its stake in East West Bancorp by 73.2% during the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider's stock worth $40,000 after buying an additional 175 shares during the period. Versant Capital Management Inc lifted its stake in East West Bancorp by 89.7% during the 1st quarter. Versant Capital Management Inc now owns 518 shares of the financial services provider's stock worth $46,000 after acquiring an additional 245 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of East West Bancorp by 448.9% in the first quarter. Grove Bank & Trust now owns 516 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds own 89.53% of the company's stock.

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.

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