2 days Ago By ABMN Staff
East West Bancorp, Inc. ( NASDAQ:EWBC – Get Free Report ) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,800,000 shares, a decrease of 5.
7% from the November 30th total of 4,030,000 shares. Approximately 2.8% of the company’s stock are short sold.
Based on an average daily trading volume, of 890,300 shares, the short-interest ratio is presently 4.3 days. East West Bancorp Trading Down 0.
5 % Shares of EWBC stock opened at $95.76 on Thursday. The company has a market capitalization of $13.
28 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.
28. The company has a current ratio of 0.92, a quick ratio of 0.
92 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $102.
03 and its two-hundred day moving average is $88.02. East West Bancorp has a twelve month low of $67.
27 and a twelve month high of $113.95. East West Bancorp ( NASDAQ:EWBC – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 22nd.
The financial services provider reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.
03. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.
80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.
07%. During the same period last year, the firm posted $2.02 EPS.
Equities analysts forecast that East West Bancorp will post 8.39 EPS for the current year. East West Bancorp Announces Dividend Insider Buying and Selling In other news, insider Irene H.
Oh sold 10,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total value of $985,000.
00. Following the transaction, the insider now owns 117,193 shares in the company, valued at approximately $11,543,510.50.
This represents a 7.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link .
Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.
00. Following the sale, the insider now directly owns 45,403 shares in the company, valued at $4,840,413.83.
This trade represents a 20.90 % decrease in their position. The disclosure for this sale can be found here .
Over the last ninety days, insiders have 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 A number of institutional investors have recently added to or reduced their stakes in EWBC. Capital Performance Advisors LLP acquired a new stake in shares of East West Bancorp in the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in East West Bancorp in the third quarter worth $26,000.
Cullen Frost Bankers Inc. acquired a new stake in East West Bancorp in the second quarter valued at $30,000. UMB Bank n.
a. boosted its position in shares of East West Bancorp by 362.8% during the 3rd quarter.
UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 283 shares in the last quarter.
Finally, Signaturefd LLC grew its stake in shares of East West Bancorp by 490.1% during the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 446 shares during the period.
Hedge funds and other institutional investors own 89.53% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have weighed in on the stock.
DA Davidson raised their price objective on shares of East West Bancorp from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd.
StockNews.com upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Citigroup upped their price objective on shares of East West Bancorp from $103.
00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Compass Point lifted their target price on East West Bancorp from $110.
00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company upped their target price on East West Bancorp from $105.
00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock.
Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.77. Get Our Latest Research Report on EWBC East West Bancorp Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for East West Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
.
