East West Bancorp (NASDAQ:EWBC) Price Target Increased to $110.00 by Analysts at Barclays

East West Bancorp (NASDAQ:EWBC) had its price target increased by Barclays from $108.00 to $110.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on EWBC. Piper Sandler boosted their price target on shares of East West Bancorp from $72.50 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. StockNews.com downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Monday. DA Davidson boosted their price objective on shares of East West Bancorp from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley boosted their price objective on shares of East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Wedbush boosted their price objective on shares of East West Bancorp from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.08.

East West Bancorp Trading Up 5.8 %

Shares of NASDAQ EWBC opened at $95.63 on Wednesday. East West Bancorp has a 1-year low of $51.40 and a 1-year high of $98.95. The company has a market cap of $13.31 billion, a PE ratio of 12.04, a P/E/G ratio of 2.08 and a beta of 1.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $83.31 and a two-hundred day moving average of $78.36.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. During the same period in the previous year, the firm posted $2.02 earnings per share. As a group, equities analysts expect that East West Bancorp will post 8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $83.50, for a total transaction of $167,000.00. Following the sale, the director now directly owns 16,557 shares in the company, valued at $1,382,509.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Rudolph Estrada sold 1,896 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $87.77, for a total value of $166,411.92. Following the sale, the director now directly owns 18,470 shares in the company, valued at approximately $1,621,111.90. This trade represents a 0.00 % decrease in their position. The transaction 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 the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total transaction of $167,000.00. Following the completion of the sale, the director now owns 16,557 shares in the company, valued at approximately $1,382,509.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,346 shares of company stock valued at $1,108,160. 1.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new position in East West Bancorp in the 1st quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in East West Bancorp during the 2nd quarter worth approximately $30,000. UMB Bank n.a. raised its holdings in East West Bancorp by 362.8% during the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 283 shares during the last quarter. American Capital Advisory LLC bought a new position in East West Bancorp during the 2nd quarter worth approximately $31,000. Finally, Signaturefd LLC raised its holdings in East West Bancorp by 490.1% during the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 446 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

About East West Bancorp

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.