East West Bancorp (EWBC) : Zacks Investment Research ranks East West Bancorp (EWBC) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.67, which indicates as a Buy.
East West Bancorp (EWBC) stock is expected to deviate a maximum of $2.24 from the average target price of $41.44 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $46 and the most muted being $38.
Shares of East West Bancorp, Inc. rose by 0.44% in the last five trading days and 0.76% for the last 4 weeks. East West Bancorp, Inc. has dropped 8.37% during the last 3-month period . Year-to-Date the stock performance stands at -15.34%. East West Bancorp (NASDAQ:EWBC): stock turned positive on Tuesday. Though the stock opened at $34.73, the bulls momentum made the stock top out at $34.81 level for the day. The stock recorded a low of $34.43 and closed the trading day at $34.59, in the green by 0.32%. The total traded volume for the day was 692,754. The stock had closed at $34.48 in the previous days trading.
East West Bancorp, Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products, including the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration (SBA), inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition, the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.