News headlines about East West Bancorp (NASDAQ:EWBC) have been trending positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. East West Bancorp earned a news impact score of 0.28 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.3682031036655 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- East West Bancorp At Top End Of Buy Range With Earnings Due (finance.yahoo.com)
- $358.00 Million in Sales Expected for East West Bancorp, Inc. (EWBC) This Quarter (americanbankingnews.com)
- East West Bancorp (EWBC) to Release Earnings on Tuesday (americanbankingnews.com)
- East West Bancorp, Inc. (EWBC) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- East West Bancorp (EWBC) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
A number of research firms have commented on EWBC. Wells Fargo & Co restated an “outperform” rating and set a $72.00 target price (up previously from $65.00) on shares of East West Bancorp in a research note on Tuesday, January 9th. Sandler O’Neill restated a “buy” rating and set a $69.00 target price on shares of East West Bancorp in a research note on Thursday, January 4th. BidaskClub upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Piper Jaffray Companies restated a “buy” rating and set a $79.00 target price on shares of East West Bancorp in a research note on Tuesday, January 9th. Finally, ValuEngine upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. East West Bancorp currently has an average rating of “Hold” and an average target price of $67.25.
East West Bancorp (NASDAQ EWBC) traded up $0.35 during trading on Wednesday, hitting $67.21. 719,389 shares of the stock traded hands, compared to its average volume of 848,584. The company has a market capitalization of $9,710.00, a PE ratio of 18.41, a P/E/G ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. East West Bancorp has a 52-week low of $48.07 and a 52-week high of $67.76.
East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. The firm had revenue of $348.97 million for the quarter, compared to analysts’ expectations of $349.28 million. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. sell-side analysts expect that East West Bancorp will post 3.5 earnings per share for the current fiscal year.
In related news, Director Herman Y. Li sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the director now directly owns 40,130 shares of the company’s stock, valued at $2,447,930. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Douglas Paul Krause sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total transaction of $306,300.00. Following the completion of the transaction, the insider now directly owns 18,015 shares of the company’s stock, valued at $1,103,598.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,200 shares of company stock worth $1,044,054. Company insiders own 0.88% of the company’s stock.
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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.
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