StockNews.com Downgrades East West Bancorp (NASDAQ:EWBC) to Sell

East West Bancorp (NASDAQ:EWBC - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday.

A number of other analysts also recently issued reports on the stock. DA Davidson reduced their price target on shares of East West Bancorp from $120.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on East West Bancorp from $96.00 to $128.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Stephens lowered East West Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. Citigroup raised their price target on East West Bancorp from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, Truist Financial raised their price target on East West Bancorp from $93.00 to $101.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, East West Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.38.

East West Bancorp Stock Down 3.3 %

NASDAQ:EWBC traded down $3.23 on Wednesday, reaching $93.89. 717,176 shares of the stock traded hands, compared to its average volume of 864,196. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.31 and a beta of 1.30. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp has a 12 month low of $68.78 and a 12 month high of $113.95. The company's fifty day simple moving average is $98.83 and its 200 day simple moving average is $93.54.

Insider Transactions at East West Bancorp

In other 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 completion of the transaction, the director now owns 14,557 shares in the company, valued at approximately $1,521,643.21. This represents a 8.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.04% of the company's stock.

Institutional Trading of East West Bancorp

A number of hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of East West Bancorp in the third quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in East West Bancorp in the third quarter worth about $26,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in East West Bancorp in the fourth quarter worth about $26,000. Venturi Wealth Management LLC grew its position in shares of East West Bancorp by 73.2% during 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 lifted its holdings in shares of East West Bancorp by 119.1% during the 4th quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 306 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other 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.