Analyst Price Target Update on East West Bancorp (NASDAQ:EWBC)

East West Bancorp (NASDAQ:EWBC): According to 8 Analysts, The short term target price has been estimated at $ 42.75.The target price could deviate by a maximum of $1.75 from the forecast price. In the near term, the target price could hit a high of $46 and a low of $ 40.

Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods downgrades their rating on the shares of East West Bancorp (NASDAQ:EWBC). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $41 per share from $44 per share. The rating by the firm was issued on April 28, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of East West Bancorp Inc, Cai-Lee Wendy H had sold 1,200 shares worth of $43,644 in a transaction dated May 12, 2016. In this transaction, 1,200 shares were sold at $36.37 per share.

East West Bancorp (NASDAQ:EWBC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.49 points or 1.33% at $36.4 with 851,500 shares getting traded. Post opening the session at $36.53, the shares hit an intraday low of $36.26 and an intraday high of $36.82 and the price was in this range throughout the day. The company has a market cap of $5,245 million and the number of outstanding shares have been calculated to be 144,100,100 shares. The 52-week high of East West Bancorp (NASDAQ:EWBC) is $46.5 and the 52-week low is $27.25.

East West Bancorp, Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products, including the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration (SBA), inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition, the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.

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