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.
East West Bancorp (EWBC) : The consensus on East West Bancorp (EWBC) based on 12 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, Equity analysts at the Brokerage firm Macquarie upgrades its rating on East West Bancorp (NASDAQ:EWBC). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 22, 2016.
East West Bancorp (NASDAQ:EWBC): The stock opened at $37.35 on Thursday but the bulls could not build on the opening and the stock topped out at $37.49 for the day. The stock traded down to $36.47 during the day, due to lack of any buying support eventually closed down at $36.92 with a loss of -0.59% for the day. The stock had closed at $37.14 on the previous day. The total traded volume was 719,247 shares.
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.