East West Bancorp Gets a Hold Rating from KBW

By Jason Carr

In a report released today, Melissa Roberts from KBW reiterated a Hold rating on East West Bancorp (NASDAQ: EWBC), with a price target of $57. The company’s shares opened today at $54.80, close to its 52-week high of $57.24.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of 0.1% and a 33.3% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

East West Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $61.

The company has a one year high of $57.24 and a one year low of $31.34. Currently, East West Bancorp has an average volume of 1.03M.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Molly Campbell, a Director at EWBC sold 590 shares for a total of $32,999.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

East West Bancorp, Inc. operates as a bank holding company, which engages in the personal and business checking savings accounts, time deposits and individual retirement accounts, travelers checks, safe deposit boxes, MasterCard and visa merchant deposit services for East West Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Other. The Retail Banking segment focuses on retail operations through the bank’s branch network. The Commercial Banking segment includes commercial, industrial and commercial real estate, that generates commercial loans through the domestic commercial lending. The Other segment includes treasury. The company was founded on August 26, 1998 and is headquartered in Pasadena, CA.