East West Bancorp, Inc. (NASDAQ:EWBC) has earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $71.60.

EWBC has been the subject of several recent analyst reports. BidaskClub raised shares of East West Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. DA Davidson raised shares of East West Bancorp from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. BMO Capital Markets cut their price objective on shares of East West Bancorp from $73.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Wells Fargo & Co set a $76.00 price objective on shares of East West Bancorp and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.

Shares of East West Bancorp stock opened at $53.82 on Friday. The stock has a market capitalization of $7.77 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. East West Bancorp has a 52-week low of $50.34 and a 52-week high of $73.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, October 18th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. The company had revenue of $395.22 million during the quarter, compared to analysts’ expectations of $398.25 million. East West Bancorp had a net margin of 34.80% and a return on equity of 15.70%. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, analysts anticipate that East West Bancorp will post 4.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.92 annualized dividend and a yield of 1.71%. East West Bancorp’s dividend payout ratio is 26.59%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of East West Bancorp by 2.1% in the third quarter. BlackRock Inc. now owns 14,937,639 shares of the financial services provider’s stock worth $901,784,000 after acquiring an additional 305,805 shares during the last quarter. Boston Partners lifted its holdings in shares of East West Bancorp by 1.8% in the second quarter. Boston Partners now owns 6,478,342 shares of the financial services provider’s stock worth $422,388,000 after acquiring an additional 115,315 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of East West Bancorp by 15.1% in the second quarter. Bank of New York Mellon Corp now owns 4,771,173 shares of the financial services provider’s stock worth $311,079,000 after acquiring an additional 627,329 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of East West Bancorp by 0.9% in the second quarter. Jennison Associates LLC now owns 2,802,713 shares of the financial services provider’s stock worth $182,737,000 after acquiring an additional 25,720 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of East West Bancorp by 6.1% in the second quarter. Bank of America Corp DE now owns 1,448,128 shares of the financial services provider’s stock worth $94,418,000 after acquiring an additional 83,674 shares during the last quarter. 87.16% of the stock is owned by institutional investors and hedge funds.

East West Bancorp Company Profile

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

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