Analysts Set East West Bancorp, Inc. (NASDAQ:EWBC) PT at $83.15

East West Bancorp, Inc. (NASDAQ:EWBC) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $83.42.

Several research analysts have recently issued reports on EWBC shares. Barclays started coverage on shares of East West Bancorp in a research note on Friday, March 8th. They issued an “overweight” rating and a $106.00 target price on the stock. Compass Point upped their price objective on East West Bancorp from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Piper Sandler boosted their price target on shares of East West Bancorp from $72.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Citigroup raised their target price on shares of East West Bancorp from $85.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Wedbush reissued an “outperform” rating and issued a $86.00 target price on shares of East West Bancorp in a research note on Wednesday, January 24th.

Insider Activity at East West Bancorp

In other news, Director Jack C. Liu sold 2,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $73.58, for a total value of $147,160.00. Following the sale, the director now directly owns 16,739 shares in the company, valued at $1,231,655.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jack C. Liu sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $73.58, for a total value of $147,160.00. Following the transaction, the director now owns 16,739 shares in the company, valued at approximately $1,231,655.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Molly Campbell sold 1,625 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $77.26, for a total transaction of $125,547.50. Following the sale, the director now owns 10,321 shares of the company’s stock, valued at approximately $797,400.46. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Institutional Trading of East West Bancorp

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in East West Bancorp by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 15,243,818 shares of the financial services provider’s stock valued at $803,502,000 after acquiring an additional 215,281 shares during the period. Capital International Investors increased its holdings in shares of East West Bancorp by 1.4% in the fourth quarter. Capital International Investors now owns 11,582,254 shares of the financial services provider’s stock valued at $833,469,000 after purchasing an additional 159,963 shares during the period. FMR LLC increased its holdings in shares of East West Bancorp by 3.8% in the third quarter. FMR LLC now owns 8,416,534 shares of the financial services provider’s stock valued at $443,635,000 after purchasing an additional 306,473 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of East West Bancorp by 30.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,215,701 shares of the financial services provider’s stock worth $231,370,000 after purchasing an additional 751,944 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of East West Bancorp by 48.5% during the fourth quarter. Boston Partners now owns 2,713,987 shares of the financial services provider’s stock worth $195,279,000 after purchasing an additional 886,841 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

East West Bancorp Trading Up 2.2 %

NASDAQ:EWBC opened at $74.47 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02. East West Bancorp has a 12 month low of $41.12 and a 12 month high of $79.54. The company has a 50-day moving average price of $74.46 and a 200-day moving average price of $68.11. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.93 and a beta of 1.39.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. East West Bancorp had a net margin of 29.11% and a return on equity of 18.47%. The company had revenue of $654.70 million during the quarter, compared to analyst estimates of $641.91 million. During the same period last year, the business earned $2.37 EPS. East West Bancorp’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that East West Bancorp will post 7.87 EPS for the current year.

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.