East West Bancorp (NASDAQ:EWBC) Given New $105.00 Price Target at Barclays

East West Bancorp (NASDAQ:EWBC) had its target price trimmed by Barclays from $106.00 to $105.00 in a report released on Monday, Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on EWBC. Compass Point upped their price target on East West Bancorp from $83.00 to $88.00 and gave the stock a buy rating in a research note on Wednesday, March 13th. Truist Financial decreased their price target on East West Bancorp from $90.00 to $86.00 and set a buy rating on the stock in a research note on Thursday, April 25th. Jefferies Financial Group upped their price target on East West Bancorp from $86.00 to $88.00 and gave the stock a buy rating in a research note on Monday, April 8th. Citigroup upped their price target on East West Bancorp from $85.00 to $91.00 and gave the stock a buy rating in a research note on Wednesday, March 13th. Finally, Stephens upped their price target on East West Bancorp from $85.00 to $86.00 and gave the stock an overweight rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $84.00.

East West Bancorp Trading Up 1.7 %

EWBC opened at $72.84 on Monday. East West Bancorp has a one year low of $49.59 and a one year high of $79.54. The stock has a market capitalization of $10.13 billion, a PE ratio of 9.17, a P/E/G ratio of 3.62 and a beta of 1.33. The business’s 50 day moving average price is $74.06 and its 200 day moving average price is $73.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.93.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. East West Bancorp had a return on equity of 17.43% and a net margin of 26.78%. The firm had revenue of $644.13 million for the quarter, compared to analysts’ expectations of $636.77 million. During the same period in the prior year, the firm posted $2.32 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts expect that East West Bancorp will post 8.03 EPS for the current year.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, May 2nd. East West Bancorp’s dividend payout ratio (DPR) is presently 27.71%.

Insider Activity at East West Bancorp

In related news, insider Irene H. Oh sold 10,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $77.58, for a total value of $775,800.00. Following the transaction, the insider now owns 127,193 shares of the company’s stock, valued at $9,867,632.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Irene H. Oh sold 10,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $77.58, for a total value of $775,800.00. Following the transaction, the insider now owns 127,193 shares of the company’s stock, valued at $9,867,632.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Douglas Paul Krause sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $73.76, for a total value of $590,080.00. Following the transaction, the insider now directly owns 57,403 shares in the company, valued at approximately $4,234,045.28. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On East West Bancorp

Several hedge funds have recently made changes to their positions in EWBC. Riverview Trust Co purchased a new position in shares of East West Bancorp during the first quarter worth about $25,000. YHB Investment Advisors Inc. purchased a new position in shares of East West Bancorp during the first quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of East West Bancorp during the fourth quarter worth about $29,000. Rise Advisors LLC purchased a new position in shares of East West Bancorp during the first quarter worth about $30,000. Finally, Mather Group LLC. acquired a new stake in shares of East West Bancorp during the first quarter worth about $35,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

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.