East West Bancorp, Inc. (NASDAQ:EWBC)’s share price fell 5.6% on Friday . The company traded as low as $46.54 and last traded at $46.63. 2,206,752 shares were traded during trading, an increase of 141% from the average session volume of 914,601 shares. The stock had previously closed at $49.40.

A number of research firms have weighed in on EWBC. BidaskClub downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine downgraded shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, March 12th. Wedbush increased their price target on shares of East West Bancorp from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Finally, TheStreet raised shares of East West Bancorp from a “c+” rating to a “b” rating in a research note on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $67.64.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The company has a market cap of $7.31 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.56.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, January 24th. The financial services provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. East West Bancorp had a net margin of 37.78% and a return on equity of 16.26%. The business had revenue of $411.11 million for the quarter, compared to the consensus estimate of $408.61 million. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts anticipate that East West Bancorp, Inc. will post 5.1 earnings per share for the current year.

In other news, Director Rudolph Estrada sold 1,902 shares of the firm’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $52.64, for a total value of $100,121.28. Following the transaction, the director now owns 15,089 shares of the company’s stock, valued at approximately $794,284.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jack C. Liu sold 2,108 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $55.20, for a total transaction of $116,361.60. Following the completion of the transaction, the director now directly owns 18,857 shares in the company, valued at approximately $1,040,906.40. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in East West Bancorp by 2.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 457,183 shares of the financial services provider’s stock worth $27,600,000 after buying an additional 9,659 shares during the period. Toronto Dominion Bank increased its stake in East West Bancorp by 9.3% during the 3rd quarter. Toronto Dominion Bank now owns 15,739 shares of the financial services provider’s stock worth $950,000 after buying an additional 1,334 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in East West Bancorp by 15.6% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 60,672 shares of the financial services provider’s stock worth $3,663,000 after buying an additional 8,192 shares during the period. BlackRock Inc. increased its stake in East West Bancorp by 2.1% during the 3rd quarter. BlackRock Inc. now owns 14,937,639 shares of the financial services provider’s stock worth $901,784,000 after buying an additional 305,805 shares during the period. Finally, American International Group Inc. increased its stake in East West Bancorp by 1.0% during the 3rd quarter. American International Group Inc. now owns 294,634 shares of the financial services provider’s stock worth $17,787,000 after buying an additional 2,957 shares during the period. 87.83% of the stock is currently owned by institutional investors and hedge funds.

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East West Bancorp Company Profile (NASDAQ:EWBC)

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.

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