East West Bancorp (NASDAQ:EWBC) Upgraded by StockNews.com to “Hold” Rating

East West Bancorp (NASDAQ:EWBC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

EWBC has been the subject of several other research reports. Compass Point lifted their target price on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial boosted their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group assumed coverage on shares of East West Bancorp in a research note on Tuesday, December 17th. They set a “neutral” rating and a $112.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on shares of East West Bancorp from $96.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Barclays cut their price target on shares of East West Bancorp from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.38.

East West Bancorp Stock Performance

Shares of EWBC traded up $1.17 during trading hours on Tuesday, hitting $98.97. The company’s stock had a trading volume of 931,229 shares, compared to its average volume of 910,805. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92. The business has a 50 day simple moving average of $99.91 and a two-hundred day simple moving average of $92.94. East West Bancorp has a 52-week low of $68.36 and a 52-week high of $113.95.

Insider Activity at East West Bancorp

In related news, Director Jack C. Liu sold 1,275 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $104.53, for a total transaction of $133,275.75. Following the completion of the sale, the director now directly owns 14,557 shares in the company, valued at $1,521,643.21. This represents a 8.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in East West Bancorp in the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new position in East West Bancorp in the 3rd quarter worth $26,000. UMB Bank n.a. grew its position in shares of East West Bancorp by 362.8% in the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after buying an additional 283 shares during the period. Venturi Wealth Management LLC grew its position in shares of East West Bancorp by 73.2% in the 4th quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider’s stock worth $40,000 after buying an additional 175 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of East West Bancorp by 119.1% in the 4th quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider’s stock worth $54,000 after buying an additional 306 shares during the period. 89.53% of the stock is currently owned by institutional investors.

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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.