Piper Sandler Keeps Their Hold Rating on East West Bancorp (EWBC)

Piper Sandler analyst Matthew Clark maintained a Hold rating on East West Bancorp today and set a price target of $111.00.

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Clark covers the Financial sector, focusing on stocks such as Columbia Banking System, First Interstate Bancsystem, and Banc of California. According to TipRanks, Clark has an average return of 10.8% and a 64.91% success rate on recommended stocks.

Currently, the analyst consensus on East West Bancorp is a Moderate Buy with an average price target of $129.00.

Based on East West Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.25 billion and a net profit of $368.39 million. In comparison, last year the company earned a revenue of $1.15 billion and had a net profit of $299.17 million

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EWBC in relation to earlier this year. Earlier this month, Irene Oh, the CRO of EWBC sold 12,547.00 shares for a total of $1,442,905.00.