Headlines about East West Bancorp (NASDAQ:EWBC) have trended positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. East West Bancorp earned a news impact score of 0.28 on Accern’s scale. Accern also assigned news coverage 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 stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
East West Bancorp (NASDAQ:EWBC) traded down $0.48 during trading hours on Monday, hitting $65.32. 30,211 shares of the stock traded hands, compared to its average volume of 838,904. The firm has a market capitalization of $9,510.92, a P/E ratio of 19.02, a P/E/G ratio of 1.42 and a beta of 1.45. East West Bancorp has a 1-year low of $48.07 and a 1-year high of $69.25. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.13.
East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The business had revenue of $365.06 million for the quarter, compared to analyst estimates of $359.43 million. East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. research analysts forecast that East West Bancorp will post 4.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. East West Bancorp’s dividend payout ratio is presently 23.12%.
A number of brokerages have recently commented on EWBC. DA Davidson reaffirmed a “hold” rating and set a $63.00 target price on shares of East West Bancorp in a research report on Friday, October 20th. Piper Jaffray Companies set a $74.00 price objective on shares of East West Bancorp and gave the company a “buy” rating in a report on Saturday, October 21st. BidaskClub raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Sandler O’Neill reissued a “buy” rating and set a $69.00 price objective on shares of East West Bancorp in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.50.
In other news, insider Douglas Paul Krause sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 18,015 shares of the company’s stock, valued at $1,103,598.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack C. Liu sold 2,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $68.50, for a total transaction of $137,000.00. Following the sale, the director now directly owns 21,599 shares of the company’s stock, valued at approximately $1,479,531.50. The disclosure for this sale can be found here. Insiders have sold 9,200 shares of company stock valued at $571,054 over the last 90 days. 0.88% of the stock is currently owned by insiders.
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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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