A number of other research analysts have also issued reports on EWBC. Morgan Stanley boosted their price objective on East West Bancorp from $45.00 to $48.00 and gave the company an overweight rating in a research report on Monday, June 8th. Wells Fargo & Co restated a hold rating and set a $33.00 price objective (up previously from $31.00) on shares of East West Bancorp in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods lowered East West Bancorp from an outperform rating to a market perform rating and set a $34.00 price objective for the company. in a research report on Wednesday, April 1st. BMO Capital Markets boosted their price target on East West Bancorp from $34.00 to $36.00 and gave the stock a market perform rating in a research report on Friday, July 24th. Finally, Compass Point initiated coverage on East West Bancorp in a research report on Tuesday, April 14th. They set a neutral rating for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. East West Bancorp currently has an average rating of Hold and an average price target of $63.78.
Shares of NASDAQ:EWBC opened at $34.66 on Thursday. The company has a market cap of $4.90 billion, a P/E ratio of 8.33, a PEG ratio of 0.94 and a beta of 2.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. East West Bancorp has a one year low of $22.55 and a one year high of $51.88. The business’s 50-day simple moving average is $35.47 and its 200 day simple moving average is $36.73.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Tuesday, August 4th will be issued a $0.275 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.10 annualized dividend and a dividend yield of 3.17%. East West Bancorp’s dividend payout ratio (DPR) is 22.73%.
Institutional investors have recently made changes to their positions in the company. Jacobi Capital Management LLC lifted its holdings in shares of East West Bancorp by 4,068.0% in the second quarter. Jacobi Capital Management LLC now owns 30,176 shares of the financial services provider’s stock valued at $26,000 after buying an additional 29,452 shares during the period. Arden Trust Co acquired a new stake in shares of East West Bancorp in the first quarter valued at $38,000. Private Capital Group LLC lifted its holdings in shares of East West Bancorp by 39.1% in the first quarter. Private Capital Group LLC now owns 2,160 shares of the financial services provider’s stock valued at $56,000 after buying an additional 607 shares during the period. Smithfield Trust Co. lifted its holdings in shares of East West Bancorp by 2,775.0% in the first quarter. Smithfield Trust Co. now owns 2,300 shares of the financial services provider’s stock valued at $59,000 after buying an additional 2,220 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of East West Bancorp in the second quarter valued at $77,000. Institutional investors and hedge funds own 87.61% of the company’s stock.
About East West Bancorp
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 businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.
Featured Story: Pattern Day Trader – What is the PDT Rule?
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.