East West Bancorp (NASDAQ:EWBC) Stock Rating Lowered by BidaskClub
EWBC has been the subject of a number of other research reports. SunTrust Banks upped their target price on East West Bancorp from $220.00 to $260.00 in a research report on Tuesday, June 30th. Morgan Stanley increased their price objective on East West Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Keefe, Bruyette & Woods lowered East West Bancorp from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a research note on Wednesday, April 1st. Wells Fargo & Co restated a “hold” rating and issued a $33.00 target price (up from $31.00) on shares of East West Bancorp in a research note on Tuesday, July 7th. Finally, DA Davidson upped their target price on East West Bancorp from $33.00 to $37.00 in a research note on Friday, June 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $63.78.
NASDAQ EWBC traded down $0.26 on Thursday, reaching $34.66. The company’s stock had a trading volume of 915,328 shares, compared to its average volume of 763,686. East West Bancorp has a twelve month low of $22.55 and a twelve month high of $51.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $4.90 billion, a PE ratio of 8.33, a PEG ratio of 0.95 and a beta of 2.03. The firm’s 50 day moving average is $35.47 and its two-hundred day moving average is $36.73.
Institutional investors have recently bought and sold shares of the stock. Arden Trust Co bought a new position in East West Bancorp in the first quarter valued at about $38,000. NN Investment Partners Holdings N.V. bought a new position in East West Bancorp during the second quarter worth about $77,000. Private Capital Group LLC boosted its holdings in East West Bancorp by 39.1% during the first quarter. Private Capital Group LLC now owns 2,160 shares of the financial services provider’s stock worth $56,000 after buying an additional 607 shares during the last quarter. Smithfield Trust Co. boosted its holdings in East West Bancorp by 2,775.0% during the first quarter. Smithfield Trust Co. now owns 2,300 shares of the financial services provider’s stock worth $59,000 after buying an additional 2,220 shares during the last quarter. Finally, Pendal Group Ltd boosted its holdings in East West Bancorp by 65.7% during the first quarter. Pendal Group Ltd now owns 3,062 shares of the financial services provider’s stock worth $79,000 after buying an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.
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.
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