Wedbush analyst David Chiaverini maintained a Buy rating on East West Bancorp (EWBC) today and set a price target of $51.00. The company’s shares closed last Monday at $41.37.
According to TipRanks.com, Chiaverini is a 4-star analyst with an average return of 11.7% and a 60.3% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Wintrust Financial Corp, Cathay General Bancorp, and Umpqua Holdings.
Currently, the analyst consensus on East West Bancorp is a Hold with an average price target of $53.75, implying a 24.5% upside from current levels. In a report released yesterday, Piper Jaffray also maintained a Buy rating on the stock with a $62.00 price target.
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East West Bancorp’s market cap is currently $6.02B and has a P/E ratio of 9.18. The company has a Price to Book ratio of 1.27.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EWBC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
East West Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following business segments: Consumer and Business Banking, Commercial Banking, and Other.
