East West Bancorp (EWBC) : Zacks Investment Research ranks East West Bancorp (EWBC) as 4, which is a Sell recommendation. 8 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 12 research analysts is 1.67, which indicates as a Buy.
East West Bancorp (EWBC) : The highest short term price target forecast on East West Bancorp (EWBC) is $46 and the lowest target price is $38. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $41.44 with a standard deviation of $2.24.
For the current week, the company shares have a recommendation consensus of Buy. East West Bancorp (NASDAQ:EWBC): The stock opened at $34.49 on Thursday but the bulls could not build on the opening and the stock topped out at $34.64 for the day. The stock traded down to $34.26 during the day, due to lack of any buying support eventually closed down at $34.26 with a loss of -0.20% for the day. The stock had closed at $34.33 on the previous day. The total traded volume was 764,081 shares.
In a related news, 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, 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.