East West Bancorp (NASDAQ:EWBC) Cut to Sell at StockNews.com

East West Bancorp (NASDAQ:EWBC) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other analysts also recently issued reports about the stock. DA Davidson reduced their target price on shares of East West Bancorp from $120.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Compass Point upped their target price on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wedbush upped their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on shares of East West Bancorp from $96.00 to $128.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Truist Financial upped their target price on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.38.

East West Bancorp Stock Up 0.7 %

Shares of NASDAQ EWBC opened at $99.25 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp has a 12 month low of $68.78 and a 12 month high of $113.95. The firm has a market capitalization of $13.76 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The firm has a fifty day simple moving average of $99.18 and a two-hundred day simple moving average of $93.34.

Insider Activity at East West Bancorp

In other East West Bancorp news, Director Jack C. Liu sold 725 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total transaction of $75,762.50. Following the transaction, the director now owns 15,832 shares in the company, valued at approximately $1,654,444. This represents a 4.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On East West Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its stake in East West Bancorp by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the financial services provider’s stock valued at $3,687,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp lifted its stake in East West Bancorp by 4.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,336 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 100 shares during the period. Covestor Ltd lifted its stake in shares of East West Bancorp by 7.4% in the 3rd quarter. Covestor Ltd now owns 1,537 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 106 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of East West Bancorp by 1.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,777 shares of the financial services provider’s stock worth $1,128,000 after purchasing an additional 128 shares during the period. Finally, Lindenwold Advisors INC lifted its stake in shares of East West Bancorp by 1.8% in the 3rd quarter. Lindenwold Advisors INC now owns 7,270 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 129 shares during the period. Institutional investors own 89.53% 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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.