East West Bancorp Inc. (NASDAQ:EWBC) was down 2.7% on Thursday . The company traded as low as $34.45 and last traded at $34.94, with a volume of 1,105,947 shares traded. The stock had previously closed at $35.91.

A number of equities research analysts have weighed in on EWBC shares. Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, May 3rd. Deutsche Bank AG restated a “buy” rating on shares of East West Bancorp in a research report on Sunday, May 22nd. Keefe, Bruyette & Woods downgraded shares of 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 report on Thursday, April 28th. Finally, Barclays PLC boosted 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 report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.43.

The company has a market cap of $4.95 billion and a price-to-earnings ratio of 12.69. The firm’s 50 day moving average price is $35.54 and its 200 day moving average price is $34.41.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. During the same period in the previous year, the business posted $0.68 earnings per share. On average, analysts anticipate that East West Bancorp Inc. will post $2.86 EPS for the current fiscal year.

In other East West Bancorp news, EVP Wendy H. Cai-Lee sold 1,200 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was 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 approximately $1,592,605.93. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A number of institutional investors have modified their holdings of EWBC. Principal Financial Group Inc. raised its position in shares of East West Bancorp by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 454,919 shares of the financial services provider’s stock worth $18,906,000 after buying an additional 11,536 shares during the period. Bank of Montreal Can raised its position in shares of East West Bancorp by 4.1% in the fourth quarter. Bank of Montreal Can now owns 293,485 shares of the financial services provider’s stock worth $12,198,000 after buying an additional 11,539 shares during the period. Edge Asset Management Inc. increased its stake in East West Bancorp by 6.7% in the fourth quarter. Edge Asset Management Inc. now owns 412,325 shares of the financial services provider’s stock worth $17,136,000 after buying an additional 25,883 shares in the last quarter. Deimos Asset Management LLC purchased a new stake in East West Bancorp during the fourth quarter worth about $1,842,000. Finally, Twin Capital Management Inc. increased its stake in East West Bancorp by 44.9% in the fourth quarter. Twin Capital Management Inc. now owns 60,350 shares of the financial services provider’s stock worth $2,508,000 after buying an additional 18,700 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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