East West Bancorp (NASDAQ:EWBC) Price Target Raised to $125.00

East West Bancorp (NASDAQ:EWBC) had its target price hoisted by investment analysts at Compass Point from $110.00 to $125.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Compass Point’s price target suggests a potential upside of 22.02% from the company’s current price.

A number of other equities analysts also recently issued reports on EWBC. Citigroup increased their price target on East West Bancorp from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays increased their price target on East West Bancorp from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. StockNews.com upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Truist Financial raised their target price on East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their target price on East West Bancorp from $96.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $109.17.

East West Bancorp Stock Performance

Shares of EWBC traded down $0.40 during mid-day trading on Tuesday, reaching $102.44. The company had a trading volume of 22,938 shares, compared to its average volume of 917,581. East West Bancorp has a 52-week low of $67.03 and a 52-week high of $113.95. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $14.20 billion, a P/E ratio of 12.93, a PEG ratio of 3.06 and a beta of 1.28. The stock has a 50 day moving average of $98.19 and a two-hundred day moving average of $84.98.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same quarter in the prior year, the business posted $2.02 earnings per share. On average, analysts expect that East West Bancorp will post 8.38 earnings per share for the current year.

Insider Activity at East West Bancorp

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

Institutional Investors Weigh In On East West Bancorp

Several institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in East West Bancorp by 21.9% in the 3rd quarter. Franklin Resources Inc. now owns 42,552 shares of the financial services provider’s stock valued at $3,800,000 after buying an additional 7,645 shares in the last quarter. Tidal Investments LLC lifted its stake in East West Bancorp by 7.1% in the 3rd quarter. Tidal Investments LLC now owns 23,674 shares of the financial services provider’s stock valued at $1,959,000 after buying an additional 1,566 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in East West Bancorp in the 3rd quarter valued at approximately $26,000. World Investment Advisors LLC purchased a new stake in East West Bancorp in the 3rd quarter valued at approximately $5,513,000. Finally, Geode Capital Management LLC raised its holdings in East West Bancorp by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,608,132 shares of the financial services provider’s stock valued at $216,438,000 after acquiring an additional 122,738 shares during the last quarter. Hedge funds and other institutional investors own 89.53% 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. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.