News coverage about East West Bancorp (NASDAQ:EWBC) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. East West Bancorp earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.0881384027225 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- East West Bancorp, Inc. – Value Analysis (NASDAQ:EWBC) : December 15, 2017 (finance.yahoo.com)
- East West Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : EWBC-US : December 14, 2017 (finance.yahoo.com)
- Is East West Bancorp (EWBC) a Good Pick for Value Investors? (finance.yahoo.com)
- East West Bancorp (EWBC) Price Target Raised to $69.00 at Morgan Stanley (americanbankingnews.com)
- $357.80 Million in Sales Expected for East West Bancorp, Inc. (EWBC) This Quarter (americanbankingnews.com)
East West Bancorp (NASDAQ EWBC) traded up $1.78 during midday trading on Friday, hitting $60.69. 2,127,124 shares of the company traded hands, compared to its average volume of 735,957. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $8,515.02, a price-to-earnings ratio of 17.64, a PEG ratio of 1.61 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 quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $348.97 million during the quarter, compared to analyst estimates of $349.28 million. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. East West Bancorp’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. analysts anticipate that East West Bancorp will post 3.49 EPS for the current year.
Several equities research analysts have recently weighed in on EWBC shares. Zacks Investment Research cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $74.00 price target on shares of East West Bancorp and gave the stock a “buy” rating in a research report on Saturday, October 21st. Wedbush reaffirmed an “outperform” rating and issued a $66.00 price target (down previously from $68.00) on shares of East West Bancorp in a research report on Friday, October 20th. 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 research report on Wednesday, October 4th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $65.00 price target on shares of East West Bancorp in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. East West Bancorp presently has a consensus rating of “Hold” and a consensus price target of $65.50.
In related news, Director Rudolph Estrada sold 1,916 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $55.97, for a total transaction of $107,238.52. Following the completion of the transaction, the director now owns 15,475 shares in the company, valued at approximately $866,135.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Herman Y. Li sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the director now 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 quarter, insiders have sold 14,116 shares of company stock valued at $844,993. 0.88% of the stock is currently owned by company insiders.
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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.
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