News headlines about East West Bancorp (NASDAQ:EWBC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. East West Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.6074283490436 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Martingale Asset Management L P Decreases Holdings in East West Bancorp, Inc. (EWBC) (americanbankingnews.com)
- Liberty Mutual Group Asset Management Inc. Has $2.23 Million Position in East West Bancorp, Inc. (EWBC) (americanbankingnews.com)
- Sei Investments Co. Increases Position in East West Bancorp, Inc. (EWBC) (americanbankingnews.com)
- State of Tennessee Treasury Department Has $13.92 Million Position in East West Bancorp, Inc. (EWBC) (americanbankingnews.com)
- Rhumbline Advisers Has $18.21 Million Position in East West Bancorp, Inc. (EWBC) (americanbankingnews.com)
East West Bancorp (NASDAQ:EWBC) traded down $0.75 during midday trading on Tuesday, hitting $66.34. The stock had a trading volume of 625,284 shares, compared to its average volume of 817,348. East West Bancorp has a 12 month low of $48.07 and a 12 month high of $69.25. The firm has a market capitalization of $9,660.00, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a $0.20 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.80 annualized dividend and a yield of 1.21%. East West Bancorp’s payout ratio is currently 25.16%.
A number of research firms have commented on EWBC. Barclays boosted their target price on East West Bancorp from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. BMO Capital Markets boosted their price target on East West Bancorp to $74.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Sandler O’Neill reissued a “buy” rating and issued a $76.00 price target on shares of East West Bancorp in a report on Friday, January 26th. BidaskClub raised East West Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Morgan Stanley boosted their price target on East West Bancorp from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $69.50.
In related news, Director Jack C. Liu sold 2,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $68.50, for a total value of $137,000.00. Following the completion of the transaction, the director now directly owns 21,599 shares in the company, valued at $1,479,531.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Paul Krause sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $61.26, for a total value of $306,300.00. Following the completion of the transaction, the insider now owns 18,015 shares of the company’s stock, valued at $1,103,598.90. The disclosure for this sale can be found here. Insiders sold 9,000 shares of company stock valued at $576,680 over the last quarter. Insiders own 0.88% of the company’s stock.
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About East West Bancorp
East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.
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