D.A. Davidson Has Just Given East West Bancorp (NASDAQ:EWBC) a Higher Rating. Are Other Analysts Next?

East West Bancorp, Inc. (NASDAQ:EWBC) Logo

Investors sentiment increased to 1.12 in 2018 Q2. Its up 0.11, from 1.01 in 2018Q1. It increased, as 24 investors sold East West Bancorp, Inc. shares while 132 reduced holdings. 50 funds opened positions while 125 raised stakes. 121.55 million shares or 1.09% less from 122.89 million shares in 2018Q1 were reported.

Chicago Equity Prtnrs Ltd Liability Co reported 0.24% in East West Bancorp, Inc. (NASDAQ:EWBC). Walleye Trading Lc has 6,502 shares for 0% of their portfolio. Kennedy Management accumulated 0.22% or 179,662 shares. Caisse De Depot Et Placement Du Quebec, Quebec – Canada-based fund reported 13,000 shares. Pnc Grp Inc reported 48,114 shares or 0% of all its holdings. Raymond James & Assocs holds 0.03% or 304,629 shares. Howe And Rusling stated it has 86 shares or 0% of all its holdings. Bluecrest Cap Mngmt has invested 0.04% in East West Bancorp, Inc. (NASDAQ:EWBC). Rafferty Asset Limited Liability stated it has 0.04% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Credit Suisse Ag reported 200,938 shares. Cubist Systematic Strategies Lc has invested 0.09% in East West Bancorp, Inc. (NASDAQ:EWBC). Putnam Invs Lc owns 71,647 shares or 0.01% of their US portfolio. Moreover, D E Shaw And has 0.01% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Orrstown has invested 0% in East West Bancorp, Inc. (NASDAQ:EWBC). Paloma Prns reported 7,886 shares stake.

Since May 31, 2018, it had 0 buys, and 10 insider sales for $3.66 million activity. The insider NG DOMINIC sold $418,773. 356 East West Bancorp, Inc. (NASDAQ:EWBC) shares with value of $25,048 were sold by CAMPBELL MOLLY. Shares for $364,948 were sold by Oh Irene H.

East West Bancorp (NASDAQ:EWBC) Stock Upgrade

In a research report issued to clients this morning, D.A. Davidson boosted their rating on shares of East West Bancorp (NASDAQ:EWBC) to a “Buy”

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

Among 5 analysts covering East West Bancorp (NASDAQ:EWBC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. East West Bancorp has $77 highest and $68 lowest target. $64’s average target is 19.20% above currents $53.69 stock price. East West Bancorp had 8 analyst reports since July 20, 2018 according to SRatingsIntel. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Outperform” rating given on Friday, October 19 by BMO Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, July 24. The company was upgraded on Monday, October 1 by BMO Capital Markets. The firm has “Buy” rating given on Monday, October 22 by DA Davidson. The firm earned “Overweight” rating on Friday, July 20 by Barclays Capital. The stock has “Buy” rating by DA Davidson on Tuesday, November 27. Morgan Stanley maintained the shares of EWBC in report on Tuesday, September 18 with “Equal-Weight” rating. The firm has “Outperform” rating given on Friday, July 20 by Wood.

The stock increased 1.53% or $0.81 during the last trading session, reaching $53.69. About 1.28M shares traded or 41.86% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 9.58% since December 2, 2017 and is uptrending. It has underperformed by 6.04% the S&P500.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on January, 24. They expect $1.18 earnings per share, up 35.63 % or $0.31 from last year’s $0.87 per share. EWBC’s profit will be $171.05M for 11.38 P/E if the $1.18 EPS becomes a reality. After $1.17 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.85 % EPS growth.

East West Bancorp, Inc. operates as the holding firm for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals. The company has market cap of $7.78 billion. The firm operates through three divisions: Retail Banking, Commercial Banking, and Other. It has a 12.72 P/E ratio. It offers various deposit products comprising personal and business checking and savings accounts, time deposits and individual retirement accounts, travelersÂ’ checks, safe deposit boxes, and MasterCard and Visa merchant deposit services.

More notable recent East West Bancorp, Inc. (NASDAQ:EWBC) news were published by: Nasdaq.com which released: “Why Is East West Bancorp (EWBC) Down 1.7% Since Last Earnings Report? – Nasdaq” on November 17, 2018, also Businesswire.com with their article: “East West Bancorp Announces Date for Third Quarter 2018 Financial Results – Business Wire” published on September 28, 2018, Businesswire.com published: “East West Bancorp Reports Net Income for Second Quarter 2018 of $172 Million and Diluted Earnings Per Share of $1.18 – Business Wire” on July 19, 2018. More interesting news about East West Bancorp, Inc. (NASDAQ:EWBC) were released by: Seekingalpha.com and their article: “PacWest Bancorp’s Merger With El Dorado Savings Bank Offers Significant Upside In 2019 – Seeking Alpha” published on November 20, 2018 as well as Zacks.com‘s news article titled: “East West Bancorp (EWBC) Q3 Earnings Preview: What’s in the Cards? – Zacks.com” with publication date: October 11, 2018.

East West Bancorp, Inc. (NASDAQ:EWBC) Institutional Positions Chart

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