East West Bancorp (EWBC) Stock Rating Upgraded by BidaskClub

Share on StockTwits

BidaskClub upgraded shares of East West Bancorp (NASDAQ:EWBC) from a strong sell rating to a sell rating in a research report report published on Tuesday morning.

EWBC has been the topic of a number of other reports. Zacks Investment Research downgraded shares of East West Bancorp from a buy rating to a hold rating in a report on Monday, July 23rd. Piper Jaffray Companies set a $82.00 target price on shares of East West Bancorp and gave the stock a buy rating in a report on Thursday, July 19th. Wells Fargo & Co set a $76.00 target price on shares of East West Bancorp and gave the stock a buy rating in a report on Tuesday, October 2nd. ValuEngine downgraded shares of East West Bancorp from a hold rating to a sell rating in a report on Thursday, September 27th. Finally, Morgan Stanley upped their price target on shares of East West Bancorp from $74.00 to $75.00 and gave the company an equal weight rating in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. East West Bancorp has a consensus rating of Buy and an average price target of $71.67.

East West Bancorp stock opened at $52.53 on Tuesday. East West Bancorp has a twelve month low of $50.34 and a twelve month high of $73.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $7.45 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, October 18th. The financial services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. East West Bancorp had a net margin of 34.80% and a return on equity of 15.70%. The firm had revenue of $395.22 million for the quarter, compared to the consensus estimate of $398.25 million. During the same period in the previous year, the firm posted $0.91 EPS. On average, equities analysts forecast that East West Bancorp will post 4.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.92 annualized dividend and a yield of 1.75%. East West Bancorp’s payout ratio is 26.59%.

A number of large investors have recently modified their holdings of EWBC. Marietta Investment Partners LLC grew its stake in East West Bancorp by 0.8% in the 2nd quarter. Marietta Investment Partners LLC now owns 96,624 shares of the financial services provider’s stock worth $6,300,000 after acquiring an additional 772 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in East West Bancorp by 1.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 91,068 shares of the financial services provider’s stock worth $5,938,000 after acquiring an additional 865 shares in the last quarter. People s United Financial Inc. bought a new position in East West Bancorp in the 2nd quarter worth about $18,147,000. Louisiana State Employees Retirement System grew its stake in East West Bancorp by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,100 shares of the financial services provider’s stock worth $2,549,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in East West Bancorp by 17.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,089 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 1,189 shares in the last quarter. Institutional investors own 88.44% 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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

See Also: What Factors Can Affect Return on Equity?

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply