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East West Bancorp (EWBC) Gets a Buy from D.A. Davidson

Tipranks - Tue Jan 27, 7:44AM CST

In a report released today, from D.A. Davidson maintained a Buy rating on East West Bancorp, with a price target of $135.00.

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In addition to D.A. Davidson, East West Bancorp also received a Buy from TD Cowen’s Janet Lee in a report issued on January 23. However, on the same day, Truist Financial 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.

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