News stories about East West Bancorp (NASDAQ:EWBC) have been trending positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. East West Bancorp earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.542086877872 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
East West Bancorp (NASDAQ EWBC) traded up $0.18 during trading on Friday, reaching $67.32. 1,110,000 shares of the company’s stock traded hands, compared to its average volume of 858,752. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. East West Bancorp has a 52-week low of $48.07 and a 52-week high of $67.61. The company has a market cap of $9,730.00, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.
East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The firm had revenue of $348.97 million during the quarter, compared to analyst estimates of $349.28 million. During the same quarter last year, the business earned $0.76 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. equities research analysts expect that East West Bancorp will post 3.5 EPS for the current fiscal year.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co reiterated an “outperform” rating and issued a $72.00 price objective (up previously from $65.00) on shares of East West Bancorp in a report on Tuesday. Piper Jaffray Companies reiterated a “buy” rating and issued a $79.00 price objective on shares of East West Bancorp in a report on Tuesday. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Monday, January 8th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $69.00 price objective on shares of East West Bancorp in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.25.
In other East West Bancorp news, insider Douglas Paul Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total transaction of $306,300.00. Following the completion of the transaction, the insider now owns 18,015 shares in the company, valued at approximately $1,103,598.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Herman Y. Li sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the director now owns 40,130 shares of the company’s stock, valued at approximately $2,447,930. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,200 shares of company stock valued at $1,044,054. Company insiders own 0.88% of the company’s stock.
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East West Bancorp Company Profile
East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.
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