BMO Capital Markets lowered shares of East West Bancorp (NASDAQ:EWBC) from an outperform rating to a market perform rating in a report issued on Monday morning, BenzingaRatingsTable reports. The brokerage currently has $44.00 price target on the financial services provider’s stock, down from their previous price target of $51.00.

Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of East West Bancorp from a buy rating to a hold rating in a research report on Wednesday, August 14th. Morgan Stanley raised shares of East West Bancorp from an equal weight rating to an overweight rating and cut their price objective for the company from $59.00 to $57.00 in a research report on Monday, July 1st. Zacks Investment Research raised shares of East West Bancorp from a sell rating to a hold rating and set a $48.00 price objective for the company in a research report on Friday, June 28th. ValuEngine lowered shares of East West Bancorp from a sell rating to a strong sell rating in a research report on Friday, August 2nd. Finally, Wedbush reissued an outperform rating and issued a $50.00 price objective (down previously from $57.00) on shares of East West Bancorp in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. East West Bancorp has a consensus rating of Hold and a consensus price target of $57.33.

Shares of NASDAQ EWBC opened at $40.19 on Monday. East West Bancorp has a 12-month low of $38.24 and a 12-month high of $65.37. The company has a market capitalization of $5.81 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average is $44.65 and its two-hundred day moving average is $48.31.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. The business had revenue of $420.09 million during the quarter, compared to analyst estimates of $416.35 million. East West Bancorp had a net margin of 32.92% and a return on equity of 15.42%. During the same quarter in the previous year, the business posted $1.18 earnings per share. On average, analysts forecast that East West Bancorp will post 4.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, July 31st. East West Bancorp’s dividend payout ratio (DPR) is 23.61%.

A number of hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in shares of East West Bancorp by 30.4% during the 1st quarter. Toronto Dominion Bank now owns 27,639 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 6,437 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of East West Bancorp by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 74,893 shares of the financial services provider’s stock worth $3,503,000 after buying an additional 629 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of East West Bancorp by 63.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,592 shares of the financial services provider’s stock worth $74,000 after buying an additional 616 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of East West Bancorp by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 15,739 shares of the financial services provider’s stock worth $754,000 after buying an additional 220 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its holdings in shares of East West Bancorp by 11.0% during the 1st quarter. First Republic Investment Management Inc. now owns 480,489 shares of the financial services provider’s stock worth $23,049,000 after buying an additional 47,503 shares during the last quarter. 88.10% of the stock is owned by hedge funds and other 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 businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

Featured Story: Marijuana Stocks

Analyst Recommendations for East West Bancorp (NASDAQ:EWBC)

Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.