Media coverage about East West Bancorp (NASDAQ:EWBC) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. East West Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.6074283490436 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- SBA loans can help make small business projects a reality (biztimes.com)
- Only NYC Show! FOREVER FREESTYLE 12, Featuring TKA, JUDI TORRES, C-BANK, CYNTHIA + More @ Lehman Center (jazzcorner.com)
- Buncombe, Asheville property transfers for Feb. 2-8 (citizen-times.com)
- On the record – February 17 (tribtown.com)
- Court news – February 17 (therepublic.com)
Several equities analysts have commented on EWBC shares. BidaskClub upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Friday, February 9th. ValuEngine upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays upped their price objective on shares of East West Bancorp from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $76.00 price objective on shares of East West Bancorp in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $69.50.
East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.04). East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The business had revenue of $365.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same quarter last year, the company posted $0.76 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. equities research analysts anticipate that East West Bancorp will post 4.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. East West Bancorp’s dividend payout ratio (DPR) is presently 25.16%.
In related news, Director Jack C. Liu sold 2,200 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iris S. Chan sold 2,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $66.69, for a total transaction of $133,380.00. Following the sale, the director now directly owns 20,301 shares of the company’s stock, valued at approximately $1,353,873.69. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $704,434 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.
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.
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