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

Several equities research analysts have issued reports on EWBC shares. BMO Capital Markets reiterated a “buy” rating and issued a $41.00 price target on shares of East West Bancorp in a research note on Friday. Keefe, Bruyette & Woods lowered shares of East West Bancorp from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $44.00 to $41.00 in a research note on Thursday, April 28th. Zacks Investment Research lowered shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 18th. Deutsche Bank AG reiterated a “buy” rating on shares of East West Bancorp in a research note on Sunday, May 22nd. Finally, Barclays PLC lifted their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $42.71.

The company has a market capitalization of $5.05 billion and a price-to-earnings ratio of 12.83. The company has a 50 day moving average of $35.29 and a 200 day moving average of $34.37.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, July 28th.

In related news, EVP Wendy H. Cai-Lee sold 1,200 shares of the stock in a transaction on 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 directly 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 SEC, which can be accessed through this hyperlink.

A number of hedge funds and institutional investors have added to or reduced their stakes in EWBC. Vanguard Group Inc. increased its position in East West Bancorp by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 9,686,101 shares of the financial services provider’s stock valued at $402,553,000 after buying an additional 302,501 shares during the last quarter. Principal Financial Group Inc. increased its position in 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 valued at $18,906,000 after buying an additional 11,536 shares during the last quarter. Edge Asset Management Inc. increased its position 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 valued at $17,136,000 after buying an additional 25,883 shares during the last quarter. Bank of Montreal Can increased its position in 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 valued at $12,198,000 after buying an additional 11,539 shares during the last quarter. Finally, WBI Investments Inc. acquired a new position in East West Bancorp during the fourth quarter valued at $10,091,000.

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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