Somewhat Positive News Coverage Somewhat Unlikely to Affect East West Bancorp (EWBC) Stock Price

News headlines about East West Bancorp (NASDAQ:EWBC) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. East West Bancorp earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.351188559607 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

East West Bancorp (EWBC) traded up $0.40 during mid-day trading on Friday, hitting $61.81. The company had a trading volume of 672,016 shares, compared to its average volume of 893,113. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $8,876.38, a price-to-earnings ratio of 16.98, a PEG ratio of 1.67 and a beta of 1.46. East West Bancorp has a 1-year low of $48.07 and a 1-year high of $63.92.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. The business had revenue of $348.97 million for the quarter, compared to analyst estimates of $349.28 million. During the same period in the previous year, the firm earned $0.76 EPS. The firm’s revenue was up 15.0% compared to the same quarter last year. research analysts predict that East West Bancorp will post 3.49 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on East West Bancorp from $61.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Thursday, September 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $57.00 price target on shares of East West Bancorp in a research report on Tuesday, September 26th. Raymond James Financial raised East West Bancorp from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $66.00 price target (down previously from $68.00) on shares of East West Bancorp in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $65.50.

In other East West Bancorp news, insider Douglas Paul Krause sold 5,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $61.26, for a total value of $306,300.00. Following the completion of the transaction, the insider now directly owns 18,015 shares in the company, valued at $1,103,598.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack C. Liu sold 2,200 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total value of $127,754.00. Following the completion of the transaction, the director now owns 23,599 shares of the company’s stock, valued at $1,370,393.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,200 shares of company stock worth $1,044,054. Insiders own 0.88% of the company’s stock.

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East West Bancorp Company Profile

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

Insider Buying and Selling by Quarter for East West Bancorp (NASDAQ:EWBC)

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