BidaskClub cut shares of East West Bancorp (NASDAQ:EWBC) from a sell rating to a strong sell rating in a report published on Thursday.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Co set a $76.00 target price on shares of East West Bancorp and gave the stock a buy rating in a research report on Tuesday, October 2nd. Zacks Investment Research downgraded shares of East West Bancorp from a buy rating to a hold rating in a research report on Monday, September 24th. BMO Capital Markets dropped their target price 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. ValuEngine downgraded shares of East West Bancorp from a hold rating to a sell rating in a research report on Thursday, September 27th. Finally, DA Davidson raised shares of East West Bancorp from a neutral rating to a buy rating in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $70.73.

East West Bancorp stock opened at $44.60 on Thursday. East West Bancorp has a 12-month low of $44.42 and a 12-month high of $73.98. The firm has a market cap of $6.47 billion, a P/E ratio of 12.89, a PEG ratio of 0.92 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, October 18th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. The company had revenue of $395.22 million during the quarter, compared to the consensus estimate 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 firm earned $0.91 EPS. On average, equities analysts expect that East West Bancorp will post 4.63 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Marietta Investment Partners LLC grew its position in shares of East West Bancorp by 0.8% during the 2nd quarter. Marietta Investment Partners LLC now owns 96,624 shares of the financial services provider’s stock valued at $6,300,000 after buying an additional 772 shares during the last quarter. MetLife Investment Advisors LLC grew its position in shares of East West Bancorp by 1.0% during the 2nd quarter. MetLife Investment Advisors LLC now owns 91,068 shares of the financial services provider’s stock valued at $5,938,000 after buying an additional 865 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of East West Bancorp by 12.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,980 shares of the financial services provider’s stock valued at $542,000 after buying an additional 1,000 shares during the last quarter. People s United Financial Inc. bought a new stake in shares of East West Bancorp during the 2nd quarter valued at about $18,147,000. Finally, Synovus Financial Corp grew its position in shares of East West Bancorp by 14.9% during the 3rd quarter. Synovus Financial Corp now owns 8,616 shares of the financial services provider’s stock valued at $521,000 after buying an additional 1,119 shares during the last quarter. 87.86% 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.

Featured Story: What is a Call Option?

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.