Exclusive: Does East West Bancorp, Inc. Have More Gas After Making All-Time High?

Exclusive: Does East West Bancorp, Inc. Have More Gas After Making All Time High?

The stock of East West Bancorp, Inc. (NASDAQ:EWBC) reached all time high today, Nov, 23 and still has $49.16 target or 4.00% above today’s $47.27 share price. This indicates more upside for the $6.92B company. This technical setup was reported by Barchart.com. If the $49.16 PT is reached, the company will be worth $276.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock last traded at $47.27 per share. It is down 26.32% since April 21, 2016 and is uptrending. It has outperformed by 20.99% the S&P500.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on January, 25. They expect $0.71 earnings per share, up 12.70% or $0.08 from last year’s $0.63 per share. EWBC’s profit will be $103.94 million for 16.64 P/E if the $0.71 EPS becomes a reality. After $0.76 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts -6.58% 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. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Outperform” rating given on Friday, October 23 by Wells Fargo. As per Monday, October 5, the company rating was downgraded by Raymond James. Deutsche Bank maintained the shares of EWBC in a report on Wednesday, February 24 with “Buy” rating. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Outperform” rating given on Friday, July 22 by Macquarie Research. The firm has “Market Perform” rating given on Thursday, April 28 by Keefe Bruyette & Woods. Wood downgraded it to “Market Perform” rating and $41 target price in Thursday, April 28 report. As per Thursday, January 14, the company rating was upgraded by BMO Capital Markets.

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 0.85 in Q2 2016. Its down 0.19, from 1.04 in 2016Q1. The ratio turned negative, 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.
Los Angeles Capital Mgmt & Equity Rech last reported 69,162 shares in the company. Sii Invs Incorporated Wi has 0.02% invested in the company for 8,866 shares. Moreover, Smith Graham & Advsr Limited Partnership has 0.51% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 107,840 shares. Victory Capital Management Incorporated holds 0% or 22,704 shares in its portfolio. The Ontario – Canada-based Royal Natl Bank Of Canada has invested 0% in East West Bancorp, Inc. (NASDAQ:EWBC). Blackrock Mngmt Ltd accumulated 0.02% or 426,105 shares. The Sweden-based Nordea Inv Management Ab has invested 0% in East West Bancorp, Inc. (NASDAQ:EWBC). Canada Pension Plan Invest Board owns 24,800 shares or 0% of their US portfolio. Aperio Grp Ltd Liability Corporation has invested 0.01% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Broadview Advisors Ltd holds 0.64% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 125,000 shares. Seven Eight Capital Limited Liability owns 1,805 shares or 0.02% of their US portfolio. Envestnet Asset Mgmt accumulated 14,705 shares or 0% of the stock. Voya Inv Management Ltd accumulated 0.01% or 143,300 shares. Mutual Of America Mgmt Lc holds 0.08% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 115,074 shares. The Minnesota-based Thrivent Fincl For Lutherans has invested 0.08% in East West Bancorp, Inc. (NASDAQ:EWBC).

Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 2 insider sales for $161,851 net activity. Another trade for 2,888 shares valued at $99,971 was made by Estrada Rudolph on Wednesday, August 24. $61,880 worth of East West Bancorp, Inc. (NASDAQ:EWBC) was sold by LIU JACK C.

Another recent and important East West Bancorp, Inc. (NASDAQ:EWBC) news was published by Bizjournals.com which published an article titled: “​East West Bancorp names new president and COO” on October 05, 2016.

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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