TD Cowen Sticks to Their Buy Rating for East West Bancorp (EWBC)

TD Cowen analyst Janet Lee maintained a Buy rating on East West Bancorp on January 23 and set a price target of $140.00. The company’s shares closed last Friday at $111.35.

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According to TipRanks, Lee is a 3-star analyst with an average return of 3.1% and a 64.81% success rate. Lee covers the Financial sector, focusing on stocks such as First Horizon, Old National Bancorp Capital, and Texas Capital Bancshares.

In addition to TD Cowen, East West Bancorp also received a Buy from TipRanks – OpenAI’s OpenAI Banks – Diversified in a report issued on January 23. However, on the same day, Morgan Stanley maintained a Hold rating on East West Bancorp (NASDAQ: EWBC).

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 49 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. Last month, Irene Oh, the CRO of EWBC sold 7,453.00 shares for a total of $848,896.70.