East West Bancorp (NASDAQ:EWBC) Price Target Lowered to $100.00 at DA Davidson

East West Bancorp (NASDAQ:EWBC) had its price objective decreased by DA Davidson from $118.00 to $100.00 in a research note published on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the financial services provider’s stock. DA Davidson also issued estimates for East West Bancorp’s Q2 2025 earnings at $2.24 EPS.

A number of other research firms have also weighed in on EWBC. Piper Sandler cut their price objective on shares of East West Bancorp from $100.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Morgan Stanley downgraded East West Bancorp from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $118.00 to $90.00 in a report on Monday, April 7th. Wells Fargo & Company reduced their price target on East West Bancorp from $120.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Barclays lifted their price objective on East West Bancorp from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, StockNews.com lowered East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, East West Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $105.46.

East West Bancorp Price Performance

Shares of NASDAQ:EWBC opened at $85.26 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91. The business’s fifty day moving average price is $85.38 and its two-hundred day moving average price is $94.80. The stock has a market cap of $11.80 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. East West Bancorp has a one year low of $68.27 and a one year high of $113.95.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. East West Bancorp had a return on equity of 15.71% and a net margin of 25.73%. The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $673.02 million. On average, analysts forecast that East West Bancorp will post 8.85 EPS for the current fiscal year.

East West Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, May 2nd. East West Bancorp’s dividend payout ratio is currently 28.81%.

Insider Buying and Selling

In other East West Bancorp news, Director Jack C. Liu sold 1,275 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $104.53, for a total transaction of $133,275.75. Following the transaction, the director now owns 14,557 shares in the company, valued at $1,521,643.21. The trade was a 8.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dominic Ng sold 19,819 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total value of $1,783,710.00. Following the completion of the sale, the chief executive officer now owns 968,314 shares of the company’s stock, valued at approximately $87,148,260. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,181 shares of company stock valued at $5,625,732. 1.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On East West Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its stake in shares of East West Bancorp by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the financial services provider’s stock valued at $3,687,000 after purchasing an additional 100 shares during the period. Jones Financial Companies Lllp increased its stake in East West Bancorp by 4.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,336 shares of the financial services provider’s stock worth $224,000 after buying an additional 100 shares during the period. Commonwealth Equity Services LLC lifted its holdings in East West Bancorp by 1.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,777 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 128 shares in the last quarter. Arizona State Retirement System boosted its position in East West Bancorp by 0.3% in the 4th quarter. Arizona State Retirement System now owns 40,196 shares of the financial services provider’s stock valued at $3,849,000 after buying an additional 130 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of East West Bancorp by 3.8% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

About East West Bancorp

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.