East West Bancorp (NASDAQ: EWBC)
A number of other analysts have also recently weighed in on EWBC. Analysts at Evercore Partners initiated coverage on shares of East West Bancorp in a research note to investors on Thursday, December 20th. They set an ?equal weight? rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of East West Bancorp in a research note to investors on Monday, November 19th. They set an ?outperform? rating and a $26.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of East West Bancorp from a ?market perform? rating to an ?outperform? rating in a research note to investors on Thursday, November 15th.
Shares of East West Bancorp traded up 3.72% during mid-day trading on Wednesday, hitting $22.29. East West Bancorp has a 52 week low of $19.68 and a 52 week high of $24.39. The stock?s 50-day moving average is currently $21.25. The company has a market cap of $3.093 billion and a P/E ratio of 11.74.
East West Bancorp last announced its earnings results on Wednesday, October 17th. The company reported $0.48 earnings per share for the quarter, beating the analysts? consensus estimate of $0.47 by $0.01. East West Bancorp has set its Q4 guidance at $0.47-0.49 EPS and its FY12 guidance at $1.87-1.89 EPS. Analysts expect that East West Bancorp will post $1.88 EPS for the current fiscal year.
East West Bancorp, Inc. (East West) is a bank holding company. The principal business of the Company is to serve as a holding company for the East West Bank (the Bank) and other banking or banking-related subsidiaries.