East West Bancorp (NASDAQ:EWBC) Stock Rating Lowered by StockNews.com

East West Bancorp (NASDAQ:EWBC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other research firms also recently issued reports on EWBC. Piper Sandler lifted their price target on shares of East West Bancorp from $87.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price target on East West Bancorp from $103.00 to $106.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Citigroup raised their price objective on East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays cut their target price on East West Bancorp from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company raised their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, East West Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.23.

East West Bancorp Stock Down 0.6 %

NASDAQ EWBC opened at $102.93 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp has a fifty-two week low of $67.27 and a fifty-two week high of $113.95. The business has a 50 day moving average price of $101.30 and a two-hundred day moving average price of $91.18. The stock has a market cap of $14.27 billion, a PE ratio of 13.00, a P/E/G ratio of 2.85 and a beta of 1.30.

Insider Transactions at East West Bancorp

In other East West Bancorp news, Director Rudolph Estrada sold 469 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total value of $45,980.76. Following the sale, the director now directly owns 17,750 shares of the company’s stock, valued at $1,740,210. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total value of $1,279,320.00. Following the completion of the sale, the insider now owns 45,403 shares in the company, valued at $4,840,413.83. The trade was a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,969 shares of company stock worth $2,458,276. 1.04% of the stock is currently owned by insiders.

Institutional Trading of East West Bancorp

Large investors have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in East West Bancorp during the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of East West Bancorp during the third quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in East West Bancorp by 362.8% in the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after buying an additional 283 shares in the last quarter. Tobam increased its position in East West Bancorp by 131.7% in the 3rd quarter. Tobam now owns 482 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 274 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new stake in East West Bancorp in the 3rd quarter valued at approximately $79,000. Institutional investors and hedge funds 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.