Are Analysts Bullish East West Bancorp, Inc. (NASDAQ:EWBC) After Last Week?

April 19, 2018 - By Marguerite Chambers

East West Bancorp, Inc. (NASDAQ:EWBC) LogoInvestors sentiment increased to 1.22 in 2017 Q4. Its up 0.04, from 1.18 in 2017Q3. It improved, as 21 investors sold East West Bancorp, Inc. shares while 122 reduced holdings. 59 funds opened positions while 116 raised stakes. 124.03 million shares or 0.27% less from 124.37 million shares in 2017Q3 were reported.
Smith Graham Company Inv Advsrs L P reported 0.67% stake. Moreover, Oregon Public Employees Retirement Fund has 0.08% invested in East West Bancorp, Inc. (NASDAQ:EWBC). State Board Of Administration Of Florida Retirement Systems stated it has 226,114 shares or 0.04% of all its holdings. Doheny Asset Management Ca owns 0.55% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 19,275 shares. Art Advsr Llc invested 0.07% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). California Employees Retirement Systems invested 0.03% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Etrade Capital Management Limited Liability has 6,993 shares for 0.01% of their portfolio. Ls Invest Advsrs Ltd Com, a Michigan-based fund reported 86,347 shares. Strs Ohio owns 1,880 shares. 388,542 were accumulated by Panagora Asset Management Inc. Pub Employees Retirement Of Ohio reported 462,982 shares. Moreover, Engineers Gate Manager L P has 0.08% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Sg Americas Secs Ltd holds 0.02% or 31,235 shares in its portfolio. Citadel Advisors Ltd Llc holds 53,175 shares or 0% of its portfolio. Parsons Mngmt Ri holds 37,275 shares or 0.25% of its portfolio.

Since October 24, 2017, it had 0 buys, and 6 insider sales for $1.56 million activity. On Tuesday, December 19 KRAUSE DOUGLAS PAUL sold $306,286 worth of East West Bancorp, Inc. (NASDAQ:EWBC) or 5,000 shares. LIU JACK C also sold $137,000 worth of East West Bancorp, Inc. (NASDAQ:EWBC) shares. Shares for $341,432 were sold by Oh Irene H. Another trade for 461 shares valued at $30,016 was sold by CAMPBELL MOLLY. Another trade for 10,000 shares valued at $610,000 was made by LI HERMAN Y on Tuesday, October 24.

East West Bancorp, Inc. (NASDAQ:EWBC) Ratings Coverage

Among 11 analysts covering East West Bancorp (NASDAQ:EWBC), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. East West Bancorp had 23 analyst reports since October 20, 2017 according to SRatingsIntel. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. BMO Capital Markets maintained it with “Hold” rating and $74.0 target in Thursday, January 25 report. As per Friday, October 20, the company rating was maintained by Piper Jaffray. The stock has “Hold” rating by BMO Capital Markets on Wednesday, March 7. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, January 31. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Buy” rating by Wells Fargo on Tuesday, January 9. The company was upgraded on Wednesday, February 7 by Deutsche Bank. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 20 report. Morgan Stanley maintained East West Bancorp, Inc. (NASDAQ:EWBC) rating on Wednesday, December 13. Morgan Stanley has “Equal-Weight” rating and $69 target. The firm earned “Buy” rating on Thursday, January 4 by Sandler O’Neill. Below is a list of East West Bancorp, Inc. (NASDAQ:EWBC) latest ratings and price target changes.

29/03/2018 Broker: Sandler O’Neill Rating: Buy New Target: $70.0000 Maintain
22/03/2018 Broker: UBS Rating: Buy New Target: $77 Initiates Coverage On
07/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $74.0 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $73.0 Maintain
08/02/2018 Broker: BMO Capital Markets Rating: Hold New Target: $66.0 Maintain
07/02/2018 Broker: Deutsche Bank Rating: Buy New Target: $73.0 Upgrade
31/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $69 New Target: $70 Maintain
25/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $74.0 Maintain
25/01/2018 Broker: Sandler O’Neill Rating: Buy New Target: $76.0 Maintain
25/01/2018 Broker: SunTrust Rating: Buy New Target: $77.0 Maintain

The stock increased 5.91% or $3.63 during the last trading session, reaching $65.04. About 1.65M shares traded or 72.01% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 21.17% since April 19, 2017 and is uptrending. It has outperformed by 9.62% the S&P500.

East West Bancorp, Inc. operates as the holding firm for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals. The company has market cap of $9.40 billion. The firm operates through three divisions: Retail Banking, Commercial Banking, and Other. It has a 18.74 P/E ratio. It offers various deposit products comprising personal and business checking and savings accounts, time deposits and individual retirement accounts, travelersÂ’ checks, safe deposit boxes, and MasterCard and Visa merchant deposit services.

East West Bancorp, Inc. (NASDAQ:EWBC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.