East West Bancorp (NASDAQ:EWBC) had its price target cut by DA Davidson from $75.00 to $74.00 in a research note issued to investors on Tuesday. They currently have a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for East West Bancorp’s FY2018 earnings at $4.45 EPS and FY2019 earnings at $4.92 EPS.

EWBC has been the subject of a number of other reports. BMO Capital Markets lifted their price target on East West Bancorp to $74.00 and gave the company a market perform rating in a report on Friday, January 26th. UBS initiated coverage on East West Bancorp in a report on Thursday, March 22nd. They set a buy rating and a $77.00 price objective for the company. BidaskClub raised East West Bancorp from a sell rating to a hold rating in a report on Thursday, January 11th. ValuEngine raised East West Bancorp from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised East West Bancorp from a hold rating to a buy rating and set a $69.00 price objective for the company in a report on Monday, December 25th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $71.08.

East West Bancorp stock opened at $67.44 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. East West Bancorp has a 12-month low of $52.86 and a 12-month high of $69.25. The stock has a market capitalization of $9,636.92, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.41 and a beta of 1.42.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, April 19th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.13. East West Bancorp had a return on equity of 14.15% and a net margin of 32.46%. The business had revenue of $401.14 million during the quarter, compared to analysts’ expectations of $364.81 million. During the same period in the previous year, the business posted $0.88 earnings per share. sell-side analysts predict that East West Bancorp will post 4.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $0.20 dividend. The ex-dividend date is Monday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. East West Bancorp’s dividend payout ratio (DPR) is presently 23.12%.

In other news, CFO Irene H. Oh sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $68.29, for a total value of $341,450.00. Following the completion of the sale, the chief financial officer now directly owns 38,021 shares of the company’s stock, valued at approximately $2,596,454.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack C. Liu sold 1,075 shares of the company’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $65.98, for a total value of $70,928.50. Following the completion of the sale, the director now directly owns 20,524 shares of the company’s stock, valued at $1,354,173.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,536 shares of company stock valued at $712,774. 0.88% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. National Pension Service bought a new stake in shares of East West Bancorp in the 4th quarter valued at about $116,000. Contravisory Investment Management Inc. bought a new stake in shares of East West Bancorp in the 4th quarter valued at about $129,000. Field & Main Bank bought a new stake in shares of East West Bancorp in the 4th quarter valued at about $146,000. Advisor Partners LLC bought a new stake in shares of East West Bancorp in the 4th quarter valued at about $213,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of East West Bancorp in the 4th quarter valued at about $217,000. 91.63% of the stock is owned by institutional investors.

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 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.

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

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