Stephens Reaffirms Their Hold Rating on East West Bancorp (EWBC)

Stephens analyst Andrew Terrell maintained a Hold rating on East West Bancorp today and set a price target of $125.00.

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Terrell covers the Financial sector, focusing on stocks such as East West Bancorp, Heritage Financial, and National Bank Holdings. According to TipRanks, Terrell has an average return of 11.3% and a 62.79% success rate on recommended stocks.

In addition to Stephens, East West Bancorp also received a Hold from UBS’s Nicholas Holowko in a report issued yesterday. However, on January 26, TD Cowen maintained a Buy 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 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, Dominic Ng, the CEO of EWBC sold 50,000.00 shares for a total of $5,890,752.40.