East West Bancorp Inc. (NASDAQ:EWBC) gapped up prior to trading on Thursday . The stock had previously closed at $34.67, but opened at $35.02. East West Bancorp shares last traded at $35.82, with a volume of 349,634 shares traded.

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

The company has a market capitalization of $5.13 billion and a PE ratio of 13.15. The company’s 50-day moving average is $35.75 and its 200 day moving average is $34.58.

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

In related news, EVP Wendy H. Cai-Lee sold 1,200 shares of East West Bancorp stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $36.37, for a total value of $43,644.00. Following the transaction, the executive vice president now directly 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 through this hyperlink.

A number of large investors have modified their holdings of EWBC. Advisors Asset Management Inc. increased its stake 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 increased its stake 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 increased its stake 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 increased its stake 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 increased its stake 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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