East West Bancorp (EWBC) Earning Somewhat Favorable News Coverage, Study Shows

Media headlines about East West Bancorp (NASDAQ:EWBC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. East West Bancorp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.2742792937805 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of NASDAQ EWBC traded up $0.86 during midday trading on Thursday, hitting $62.14. The company had a trading volume of 795,827 shares, compared to its average volume of 954,285. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.13. East West Bancorp has a twelve month low of $48.76 and a twelve month high of $69.25. The stock has a market capitalization of $8,901.02, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.42.

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East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.04). East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The company had revenue of $365.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same quarter last year, the business earned $0.76 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. equities research analysts expect that East West Bancorp will post 4.4 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Wells Fargo restated an “outperform” rating and issued a $72.00 target price (up previously from $65.00) on shares of East West Bancorp in a research note on Tuesday, January 9th. Morgan Stanley raised their target price on shares of East West Bancorp from $61.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Barclays raised their target price on shares of East West Bancorp from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray restated a “buy” rating and issued a $79.00 target price on shares of East West Bancorp in a research note on Tuesday, January 9th. Finally, Sandler O’Neill restated a “buy” rating and issued a $76.00 target price on shares of East West Bancorp in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $70.08.

In other East West Bancorp news, Director Molly Campbell sold 461 shares of East West Bancorp stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $65.11, for a total transaction of $30,015.71. Following the completion of the transaction, the director now owns 5,448 shares in the company, valued at $354,719.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $68.50, for a total transaction of $137,000.00. Following the transaction, the director now owns 21,599 shares of the company’s stock, valued at approximately $1,479,531.50. The disclosure for this sale can be found here. Insiders sold 9,461 shares of company stock valued at $641,846 in the last quarter. Company insiders own 0.88% of the company’s stock.

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About East West Bancorp

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.

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