Positive News Coverage Somewhat Unlikely to Impact East West Bancorp (EWBC) Share Price

Media stories about East West Bancorp (NASDAQ:EWBC) have been trending positive on Tuesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. East West Bancorp earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.9028661623192 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of brokerages recently weighed in on EWBC. Zacks Investment Research cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $57.00 price target on shares of East West Bancorp in a research report on Tuesday, September 26th. BMO Capital Markets reaffirmed a “hold” rating and set a $61.00 price target on shares of East West Bancorp in a research report on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and set a $68.00 price target on shares of East West Bancorp in a research report on Wednesday, November 29th. Finally, Barclays set a $66.00 price target on shares of East West Bancorp and gave the stock a “buy” rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.90.

East West Bancorp (NASDAQ:EWBC) traded up $0.30 during trading hours on Tuesday, reaching $60.03. 1,058,227 shares of the company’s stock were exchanged, compared to its average volume of 922,539. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market cap of $8,670.00, a PE ratio of 18.07, a P/E/G ratio of 1.64 and a beta of 1.46. East West Bancorp has a one year low of $48.07 and a one year high of $63.92.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $348.97 million during the quarter, compared to analysts’ expectations of $349.28 million. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. analysts predict that East West Bancorp will post 3.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.20 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. East West Bancorp’s payout ratio is currently 21.92%.

In other East West Bancorp news, Director Jack C. Liu sold 2,200 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total value of $127,754.00. Following the completion of the transaction, the director now directly owns 23,599 shares of the company’s stock, valued at approximately $1,370,393.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Herman Y. Li sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the transaction, the director now directly owns 40,130 shares of the company’s stock, valued at $2,447,930. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,116 shares of company stock valued at $844,993. 0.88% of the stock is currently owned by corporate insiders.

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East West Bancorp Company Profile

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

Insider Buying and Selling by Quarter for East West Bancorp (NASDAQ:EWBC)

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