East West Bancorp (NASDAQ:EWBC) Receives Daily News Sentiment Score of 0.10

Media stories about East West Bancorp (NASDAQ:EWBC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. East West Bancorp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.6074283490436 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of East West Bancorp stock traded down $0.41 during midday trading on Thursday, hitting $64.80. 156,240 shares of the stock were exchanged, compared to its average volume of 925,257. The firm has a market capitalization of $9,404.03, a PE ratio of 18.85, a P/E/G ratio of 1.41 and a beta of 1.40. East West Bancorp has a 52-week low of $48.07 and a 52-week high of $69.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.98 and a quick ratio of 0.98.

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East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The firm had revenue of $365.06 million for the quarter, compared to the consensus estimate of $359.43 million. East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. research analysts forecast that East West Bancorp will post 4.4 EPS for the current year.

EWBC has been the subject of several recent analyst reports. Deutsche Bank upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. BidaskClub upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Morgan Stanley increased their price objective on shares of East West Bancorp from $61.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, SunTrust Banks reiterated a “buy” rating and set a $68.00 price objective on shares of East West Bancorp in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $69.50.

In other East West Bancorp news, Director Molly Campbell sold 461 shares of East West Bancorp stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $65.11, for a total value of $30,015.71. Following the sale, the director now owns 5,448 shares of the company’s stock, valued at $354,719.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Iris S. Chan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $66.69, for a total transaction of $133,380.00. Following the transaction, the director now directly owns 20,301 shares of the company’s stock, valued at approximately $1,353,873.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,461 shares of company stock worth $641,846. Insiders own 0.88% of the company’s stock.

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About East West Bancorp

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.

Insider Buying and Selling by Quarter for East West Bancorp (NASDAQ:EWBC)

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