Morgan Stanley analyst Ken Zerbe maintained a Hold rating on East West Bancorp (NASDAQ: EWBC) today and set a price target of $70. The company’s shares closed yesterday at $62.13.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 12.8% and a 65.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Prosperity Bancshares, and Associated Banc-Corp.
East West Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $75.86.
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East West Bancorp’s market cap is currently $9B and has a P/E ratio of 15.73. The company has a Price to Book ratio of 2.19.
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East West Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, and Other. The Retail Banking segment focuses on retail operations through the bank’s branch network.
