East West Bancorp, Inc. (NASDAQ:EWBC) Receives $110.38 Average Price Target from Brokerages

East West Bancorp, Inc. (NASDAQ:EWBC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $110.38.

A number of equities research analysts have commented on EWBC shares. Stephens cut shares of East West Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. Barclays lowered their target price on shares of East West Bancorp from $125.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. StockNews.com raised East West Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday. Compass Point upped their price objective on East West Bancorp from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Truist Financial lifted their target price on East West Bancorp from $93.00 to $101.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd.

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 dated Thursday, January 30th. The shares were sold at an average price of $104.53, for a total transaction of $133,275.75. Following the transaction, the director now directly owns 14,557 shares in the company, valued at approximately $1,521,643.21. This represents a 8.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in East West Bancorp during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of East West Bancorp during the third quarter worth $26,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of East West Bancorp during the fourth quarter valued at $26,000. UMB Bank n.a. grew its holdings in shares of East West Bancorp by 362.8% in the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider's stock worth $30,000 after purchasing an additional 283 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in 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. Hedge funds and other institutional investors own 89.53% of the company's stock.

East West Bancorp Stock Performance

NASDAQ:EWBC traded up $0.91 during mid-day trading on Wednesday, hitting $98.57. 635,106 shares of the company traded hands, compared to its average volume of 944,628. The stock's fifty day moving average price is $99.26 and its 200-day moving average price is $93.20. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. East West Bancorp has a one year low of $68.78 and a one year high of $113.95. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30.

East West Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a $0.60 dividend. This is a boost from East West Bancorp's previous quarterly dividend of $0.55. The ex-dividend date is Monday, February 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. East West Bancorp's payout ratio is 28.81%.

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.