In a report released today, David Chiaverini from Wedbush maintained a Hold rating on East West Bancorp (EWBC – Research Report), with a price target of $80.00. The company’s shares closed last Thursday at $71.59.
According to TipRanks.com, Chiaverini is a 4-star analyst with an average return of 8.5% and a 43.8% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp, Valley National Bancorp, and Cathay General Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for East West Bancorp with a $85.17 average price target.
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The company has a one-year high of $93.51 and a one-year low of $61.65. Currently, East West Bancorp has an average volume of 947.7K.
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East West Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following business segments: Consumer and Business Banking, Commercial Banking, and Other. The Consumer and Business Banking segment provides financial service products and services to consumer and commercial customers through the company’s branch network in the U.S. The Commercial Banking segment primarily generates commercial loans and deposits through commercial lending offices located in the U.S. and Greater China. The Other segment includes treasury activities of the company and elimination of inter-segment amounts. The company was founded on August 26, 1998 and is headquartered in Pasadena, CA.
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