East West Bancorp Inc. (NASDAQ:EWBC)’s share price gapped up prior to trading on Friday . The stock had previously closed at $32.74, but opened at $33.11. East West Bancorp shares last traded at $33.96, with a volume of 701,701 shares.

A number of equities analysts recently weighed in on EWBC shares. Keefe, Bruyette & Woods cut East West Bancorp from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $44.00 to $41.00 in a research note on Thursday, April 28th. Zacks Investment Research cut East West Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 18th. Deutsche Bank AG reissued a “buy” rating on shares of East West Bancorp in a research note on Sunday, May 22nd. Finally, Barclays PLC lifted their price target on 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 given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $44.70.

The stock’s 50 day moving average is $36.09 and its 200 day moving average is $34.73. The stock has a market capitalization of $4.83 billion and a price-to-earnings ratio of 12.38.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. During the same period last year, the business posted $0.69 EPS. Equities research analysts anticipate 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 company’s stock in a transaction on Thursday, May 12th. The stock was 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 $1,592,605.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised 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 period. BOKF NA increased its stake in 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 in the last quarter. Parsons Capital Management Inc. RI increased its stake in 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 in the last quarter. ProShare Advisors LLC increased its stake in 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 in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in 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 in 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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