East West Bancorp (EWBC) Earning Favorable News Coverage, Analysis Shows

News articles about East West Bancorp (NASDAQ:EWBC) have trended positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. East West Bancorp earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.4294655937795 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of East West Bancorp (NASDAQ EWBC) traded down $0.26 during midday trading on Thursday, reaching $60.74. 405,400 shares of the company’s stock traded hands, compared to its average volume of 921,485. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $8,780.00, a P/E ratio of 16.64, a P/E/G ratio of 1.68 and a beta of 1.46. East West Bancorp has a twelve month low of $48.07 and a twelve month high of $63.92.

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

A number of research analysts recently commented on EWBC shares. Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Thursday, August 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $57.00 price target on shares of East West Bancorp in a report on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $63.00 price target (up previously from $61.00) on shares of East West Bancorp in a report on Wednesday, October 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $61.00 price target on shares of East West Bancorp in a report on Thursday, October 5th. Finally, Raymond James Financial raised shares of East West Bancorp from an “underperform” rating to a “market perform” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. East West Bancorp has an average rating of “Hold” and an average price target of $65.60.

In other East West Bancorp news, Director Jack C. Liu sold 2,200 shares of the firm’s 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 sale, the director now owns 23,599 shares of the company’s stock, valued at $1,370,393.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Herman Y. Li sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the director now directly owns 40,130 shares of the company’s stock, valued at approximately $2,447,930. The disclosure for this sale can be found here. In the last three months, insiders sold 17,200 shares of company stock valued at $1,044,054. 0.88% of the stock is owned by insiders.

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About East West Bancorp

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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