East West Bancorp (NASDAQ:EWBC) : Zacks Investment Research ranks East West Bancorp (NASDAQ:EWBC) as 4, which is a Sell recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.73, which indicates as a Buy.
East West Bancorp (NASDAQ:EWBC) : The consensus price target for East West Bancorp (NASDAQ:EWBC) is $42.75 for the short term with a standard deviation of $1.75. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $46, however, the pessimist price target for the company is $40.
For the current week, the company shares have a recommendation consensus of Buy. Also, Keefe Bruyette & Woods downgrades its view on East West Bancorp (NASDAQ:EWBC) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Keefe Bruyette & Woods lowers the price target from $44 per share to $41 per share on East West Bancorp . The rating by the firm was issued on April 28, 2016.
East West Bancorp (NASDAQ:EWBC): stock turned positive on Tuesday. Though the stock opened at $32.19, the bulls momentum made the stock top out at $32.85 level for the day. The stock recorded a low of $31.9 and closed the trading day at $32.68, in the green by 3.55%. The total traded volume for the day was 1,637,114. The stock had closed at $31.56 in the previous days trading.
In an insider trading activity, The officer (Executive Vice President), of East West Bancorp Inc, Cai-Lee Wendy H had unloaded 1,200 shares at $36.37 per share in a transaction on May 12, 2016. The total value of transaction was $43,644. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.