East West Bancorp (EWBC) Receives Daily News Impact Rating of 0.13

Media headlines about East West Bancorp (NASDAQ:EWBC) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. East West Bancorp earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.095867362582 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

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Shares of East West Bancorp (NASDAQ:EWBC) traded down $2.48 on Friday, reaching $60.50. 1,308,546 shares of the company’s stock were exchanged, compared to its average volume of 960,274. The stock has a market cap of $9,425.71, a price-to-earnings ratio of 17.49, a PEG ratio of 1.41 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98. East West Bancorp has a 1-year low of $48.07 and a 1-year high of $69.25.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The company had revenue of $365.06 million for the quarter, compared to analysts’ expectations of $359.43 million. East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. East West Bancorp’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. research analysts expect that East West Bancorp will post 4.4 earnings per share for the current fiscal year.

EWBC has been the topic of several analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $68.00 price objective on shares of East West Bancorp in a research report on Wednesday, November 29th. Morgan Stanley upped their price objective on East West Bancorp from $61.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Monday, December 25th. ValuEngine raised East West Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Barclays upped their price objective on East West Bancorp from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $70.08.

In other East West Bancorp news, Director Jack C. Liu sold 2,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.50, for a total transaction of $137,000.00. Following the completion of the sale, the director now directly owns 21,599 shares in the company, valued at approximately $1,479,531.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Molly Campbell sold 461 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $65.11, for a total value of $30,015.71. Following the completion of the sale, the director now owns 5,448 shares of the company’s stock, valued at $354,719.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,461 shares of company stock valued at $641,846. Company 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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