Shares of East West Bancorp Inc. (NASDAQ:EWBC) were up 2% on Thursday . The company 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.

A number of equities analysts recently issued reports on the stock. 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 company from $44.00 to $41.00 in a research report on Thursday, April 28th. Deutsche Bank AG reissued a “buy” rating on shares of East West Bancorp in a research report on Sunday, May 22nd. Barclays PLC raised their price target on shares of East West Bancorp from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Finally, Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $44.70.

The stock has a market capitalization of $4.83 billion and a PE ratio of 12.38. The company has a 50-day moving average price of $36.09 and a 200-day moving average price of $34.73.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.07. During the same quarter last year, the firm earned $0.69 earnings per share. Equities analysts predict that East West Bancorp Inc. will post $2.87 earnings per share for the current year.

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

Other hedge funds recently added to or reduced their stakes 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 worth $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 worth $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 worth $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 worth $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 worth $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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