BMO Capital analyst Lana Chan reiterated a Hold rating on East West Bancorp (NASDAQ: EWBC) on July 9 and set a price target of $73. The company’s shares closed yesterday at $65.79.
According to TipRanks.com, Chan is a 4-star analyst with an average return of 13.3% and a 70.0% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and TCF Financial Corporation.
East West Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $76.60.
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East West Bancorp’s market cap is currently $9.53B and has a P/E ratio of 18.38. The company has a Price to Book ratio of 2.40.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.
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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.
