S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.32 (-1.92%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.05 (+0.65%)
F   6.66 (+0.30%)
ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.83 (-0.37%)
BAC   23.38 (+0.52%)
BA   146.15 (-3.33%)
S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.32 (-1.92%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.05 (+0.65%)
F   6.66 (+0.30%)
ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.83 (-0.37%)
BAC   23.38 (+0.52%)
BA   146.15 (-3.33%)
S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.32 (-1.92%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.05 (+0.65%)
F   6.66 (+0.30%)
ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.83 (-0.37%)
BAC   23.38 (+0.52%)
BA   146.15 (-3.33%)
S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.32 (-1.92%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.05 (+0.65%)
F   6.66 (+0.30%)
ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.83 (-0.37%)
BAC   23.38 (+0.52%)
BA   146.15 (-3.33%)
Log in

East West Bancorp, Inc. (NASDAQ:EWBC) Given Average Rating of "Hold" by Analysts

Last updated on Wednesday, September 16, 2020 | 2020 MarketBeat

East West Bancorp, Inc. (NASDAQ:EWBC) has been given a consensus rating of "Hold" by the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $63.67.

A number of equities analysts recently weighed in on the stock. SunTrust Banks boosted their target price on shares of East West Bancorp from $220.00 to $260.00 in a report on Tuesday, June 30th. Wells Fargo & Company restated a "hold" rating and set a $33.00 target price (up from $31.00) on shares of East West Bancorp in a report on Tuesday, July 7th. DA Davidson upped their price objective on shares of East West Bancorp from $33.00 to $37.00 in a report on Friday, June 19th. Morgan Stanley decreased their price objective on shares of East West Bancorp from $48.00 to $47.00 and set an "overweight" rating on the stock in a report on Tuesday, August 4th. Finally, BMO Capital Markets upped their price objective on shares of East West Bancorp from $34.00 to $36.00 and gave the company a "market perform" rating in a report on Friday, July 24th.

Shares of NASDAQ EWBC traded up $0.49 during midday trading on Wednesday, reaching $34.51. The company's stock had a trading volume of 26,124 shares, compared to its average volume of 1,365,447. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. East West Bancorp has a fifty-two week low of $22.55 and a fifty-two week high of $51.88. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.95 and a beta of 1.96. The stock has a 50 day simple moving average of $36.60 and a 200-day simple moving average of $34.29.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.74 by ($0.04). The firm had revenue of $402.41 million for the quarter, compared to analyst estimates of $390.87 million. East West Bancorp had a return on equity of 12.18% and a net margin of 29.90%. East West Bancorp's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, equities analysts anticipate that East West Bancorp will post 3.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Tuesday, August 4th were given a $0.275 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.19%. East West Bancorp's payout ratio is presently 22.73%.

Several institutional investors have recently made changes to their positions in the company. Telemus Capital LLC boosted its position in shares of East West Bancorp by 3.5% in the second quarter. Telemus Capital LLC now owns 8,668 shares of the financial services provider's stock valued at $296,000 after acquiring an additional 293 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its position in shares of East West Bancorp by 0.4% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 103,076 shares of the financial services provider's stock valued at $3,735,000 after acquiring an additional 399 shares during the period. Arizona State Retirement System boosted its position in shares of East West Bancorp by 1.2% in the second quarter. Arizona State Retirement System now owns 33,922 shares of the financial services provider's stock valued at $1,229,000 after acquiring an additional 410 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of East West Bancorp by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 25,480 shares of the financial services provider's stock valued at $656,000 after acquiring an additional 480 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of East West Bancorp by 3.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 13,501 shares of the financial services provider's stock valued at $348,000 after acquiring an additional 510 shares during the period. 91.03% 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 and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

Further Reading: What is the Consumer Price Index (CPI)?

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Tech Stocks to Buy Now For a Post Coronavirus Economy

The Covid-19 pandemic has created a new “tech wreck”. But unlike the broad selloff at the end of 2018, this downturn has been more selective. Some stocks that looked like they were a little overbought have seen their share prices lowered.

In some cases, there was a legitimate reason for this. However, in other cases, it was likely a result of profit-taking disguised as something else. That’s the nature of a crisis. It gives investors the cover to do what they wanted to do anyway. But once investors start to sell, it can trigger a herd mentality.

And that’s when savvy investors start to look for opportunities. Because as Warren Buffett famously said, “Be greedy when others are fearful.” Tech stocks will lead the way back when the pandemic is over. Because if there’s one thing this moment in time is teaching us, it’s that we’re not going to be less dependent on technology. Businesses aren’t going to be doing less digital advertising. Consumers aren’t going to do less e-commerce.

But the fundamentals still matter. That’s why one of the common traits of many of these companies is that they have rock-solid balance sheets.

View the "7 Tech Stocks to Buy Now For a Post Coronavirus Economy".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.