Today East West Bancorp, Inc. (EWBC) Stock Reaches 52-Week High

January 20, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.18 in 2017 Q3. Its down 0.20, from 1.38 in 2017Q2. It is negative, as 31 investors sold East West Bancorp, Inc. shares while 116 reduced holdings. 47 funds opened positions while 127 raised stakes. 124.37 million shares or 0.88% more from 123.29 million shares in 2017Q2 were reported.
M&R Mgmt stated it has 0.12% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). The Ohio-based Victory Management has invested 0.13% in East West Bancorp, Inc. (NASDAQ:EWBC). Susquehanna Interest Group Incorporated Limited Liability Partnership reported 0% in East West Bancorp, Inc. (NASDAQ:EWBC). The New York-based Neuberger Berman Gp Ltd Liability Co has invested 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC). Pnc Fincl Ser Group Incorporated reported 0% stake. Evercore Wealth Mgmt Ltd Liability Co reported 685,938 shares or 1.6% of all its holdings. American Bancshares owns 0.06% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 3,102 shares. Apg Asset Nv has invested 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). Menta Capital Lc, a California-based fund reported 30,000 shares. Brandywine Global Invest Limited Liability Corporation has invested 0.05% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Suntrust Banks holds 0.01% or 23,564 shares in its portfolio. Lsv Asset Management accumulated 0% or 39,000 shares. Los Angeles Mgmt Equity Inc has 0.02% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Glob Investors owns 8.41M shares for 0.15% of their portfolio. Employees Retirement Association Of Colorado owns 312,010 shares for 0.13% of their portfolio.

Since September 18, 2017, it had 0 insider buys, and 3 insider sales for $1.02 million activity. Another trade for 1,916 shares valued at $107,239 was made by Estrada Rudolph on Monday, September 18. KRAUSE DOUGLAS PAUL sold 5,000 shares worth $306,286.

The stock of East West Bancorp, Inc. (NASDAQ:EWBC) hit a new 52-week high and has $71.38 target or 5.00 % above today’s $67.98 share price. The 9 months bullish chart indicates low risk for the $9.83B company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $71.38 price target is reached, the company will be worth $491.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.61% or $1.08 during the last trading session, reaching $67.98. About 565,815 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since January 20, 2017 and is uptrending. It has outperformed by 29.55% the S&P500.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on January, 24. They expect $0.91 earnings per share, up 19.74 % or $0.15 from last year’s $0.76 per share. EWBC’s profit will be $131.53M for 18.68 P/E if the $0.91 EPS becomes a reality. After $0.89 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 2.25 % EPS growth.

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

Among 14 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. East West Bancorp Inc. had 41 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, October 3 by BMO Capital Markets. On Thursday, January 14 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The rating was maintained by SunTrust with “Buy” on Tuesday, November 28. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Buy” rating given on Thursday, July 20 by Piper Jaffray. SunTrust maintained East West Bancorp, Inc. (NASDAQ:EWBC) on Monday, October 23 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, September 25 report. As per Tuesday, January 2, the company rating was maintained by Barclays Capital. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Buy” rating by Deutsche Bank on Wednesday, February 24. On Friday, October 20 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Market Perform” rating by Raymond James on Thursday, October 5.

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 $9.83 billion. The firm operates through three divisions: Retail Banking, Commercial Banking, and Other. It has a 18.68 P/E ratio. It offers various deposit products comprising personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers?? checks, safe deposit boxes, and MasterCard and Visa merchant deposit services.

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