Stock Worth Mentioning: After Today’s Huge Increase, Is East West Bancorp, Inc.’s Near-Term Analysis Positive?

Stock Worth Mentioning: After Today's Huge Increase, Is East West Bancorp, Inc.'s Near Term Analysis Positive?

The stock of East West Bancorp, Inc. (NASDAQ:EWBC) is a huge mover today! About 923,906 shares traded hands or 7.28% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 18.32% since March 2, 2016 and is uptrending. It has outperformed by 10.06% the S&P500.
The move comes after 9 months positive chart setup for the $5.76B company. It was reported on Oct, 5 by Barchart.com. We have $57.72 PT which if reached, will make NASDAQ:EWBC worth $2.76B more.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on October, 19. They expect $0.69 EPS, up 6.15% or $0.04 from last year’s $0.65 per share. EWBC’s profit will be $101.91 million for 14.13 P/E if the $0.69 EPS becomes a reality. After $0.71 actual EPS reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts -2.82% negative EPS growth.

East West Bancorp, Inc. (NASDAQ:EWBC) Ratings Coverage

Out of 8 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. East West Bancorp Inc. has been the topic of 14 analyst reports since August 26, 2015 according to StockzIntelligence Inc. As per Monday, October 5, the company rating was downgraded by Raymond James. The firm earned “Outperform” rating on Thursday, January 14 by BMO Capital Markets. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Outperform” rating by Macquarie Research on Friday, July 22. The firm earned “Outperform” rating on Friday, October 23 by Wells Fargo. The stock has “Market Perform” rating given by Wood on Thursday, April 28. The rating was maintained by Deutsche Bank on Wednesday, February 24 with “Buy”. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Market Perform” rating by Keefe Bruyette & Woods on Thursday, April 28.

According to Zacks Investment Research, “East West Bancorp, Inc. is the holding company for East West Bank, East West Capital Trust I, East West Capital Trust II and Risk Services, Inc.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.13, from 1.17 in 2016Q1. The ratio dropped, as 30 funds sold all East West Bancorp, Inc. shares owned while 111 reduced positions. 33 funds bought stakes while 113 increased positions. They now own 119.53 million shares or 1.56% less from 121.43 million shares in 2016Q1.
Canada Pension Plan Board last reported 0% of its portfolio in the stock. Morgan Stanley, a New York-based fund reported 643,868 shares. Wedge Management L Lp Nc holds 23,306 shares or 0.01% of its portfolio. Meeder Asset Management owns 5,383 shares or 0.02% of their US portfolio. Moreover, Balyasny Asset Mgmt Limited Liability Company has 0.14% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 635,499 shares. Cornerstone Cap Mgmt Limited Com has invested 0.01% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Blackrock Fund accumulated 0.04% or 5.24M shares. Fund Mngmt accumulated 0.02% or 56,100 shares. Citadel Advsrs Ltd Liability holds 0% or 59,775 shares in its portfolio. Engineers Gate Manager Lp owns 39,069 shares or 0.1% of their US portfolio. Kanaly, a Texas-based fund reported 102 shares. Cullen Frost Bankers Incorporated holds 0.01% or 10,078 shares in its portfolio. Amalgamated National Bank last reported 0.04% of its portfolio in the stock. Vigilant Cap Management Lc has 344 shares for 0% of their US portfolio. Doheny Asset Mngmt Ca holds 0.57% or 33,275 shares in its portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 2 selling transactions for $143,619 net activity. Shares for $43,648 were sold by CAI-LEE WENDY H. Estrada Rudolph had sold 2,888 shares worth $99,971.

More news for East West Bancorp, Inc. (NASDAQ:EWBC) were recently published by: Seekingalpha.com, which released: “East West Bancorp Can Fly Higher” on October 05, 2016. Finance.Yahoo.com‘s article titled: “East West Bancorp Announces Dates for Third Quarter 2016 Financial Results” and published on September 22, 2016 is yet another important article.

EWBC Company Profile

East West Bancorp, Inc. (East West), incorporated on August 26, 1998, is a bank holding company. The Company’s principal business is to serve as a holding firm for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank operates through three divisions: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail activities through the Bank’s branch network. The Commercial Banking segment primarily generates commercial and industrial loans (C&I) and commercial real estate (CRE) loans through the domestic commercial lending offices located in California, New York, Texas, Washington, Massachusetts, Nevada and Georgia, and through the foreign commercial lending offices located in China and Hong Kong. Furthermore, the Commercial Banking segment also offers international finance and trade services and products. The remaining centralized functions, including the treasury activities of the Company are included in the Other segment.

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