East West Bancorp Inc. (NASDAQ:EWBC) shot up 2% during mid-day trading on Thursday . The stock traded as high as $33.27 and last traded at $32.85, with a volume of 985,245 shares. The stock had previously closed at $32.20.

Several research firms have recently issued reports on EWBC. Deutsche Bank AG restated a “buy” rating on shares of East West Bancorp in a report on Sunday, May 22nd. Zacks Investment Research lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Keefe, Bruyette & Woods downgraded shares of East West Bancorp from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $44.00 to $41.00 in a research note on Thursday, April 28th. Finally, Barclays PLC raised their price target on shares of East West Bancorp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. East West Bancorp presently has an average rating of “Hold” and a consensus target price of $44.70.

The firm has a market cap of $4.77 billion and a price-to-earnings ratio of 12.22. The company’s 50-day moving average price is $36.33 and its 200-day moving average price is $34.80.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Wednesday, April 20th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.07. During the same quarter in the previous year, the business posted $0.69 EPS. On average, analysts expect that East West Bancorp Inc. will post $2.87 earnings per share for the current fiscal year.

In other news, EVP Wendy H. Cai-Lee sold 1,200 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $36.37, for a total transaction of $43,644.00. Following the transaction, the executive vice president now owns 43,789 shares of the company’s stock, valued at approximately $1,592,605.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of East West Bancorp by 18.8% in the fourth quarter. Advisors Asset Management Inc. now owns 24,736 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 3,920 shares during the last quarter. BOKF NA boosted its position in shares of East West Bancorp by 54.5% in the fourth quarter. BOKF NA now owns 29,273 shares of the financial services provider’s stock valued at $1,216,000 after buying an additional 10,326 shares during the last quarter. Parsons Capital Management Inc. RI boosted its position in shares of East West Bancorp by 0.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 36,025 shares of the financial services provider’s stock valued at $1,497,000 after buying an additional 100 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of East West Bancorp by 12.7% in the fourth quarter. ProShare Advisors LLC now owns 41,055 shares of the financial services provider’s stock valued at $1,706,000 after buying an additional 4,635 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of East West Bancorp by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,721 shares of the financial services provider’s stock valued at $1,734,000 after buying an additional 193 shares during the last quarter.

East West Bancorp, Inc (East West) 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 operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network.

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