East West Bancorp (NASDAQ: EWBC) had its price objective hosited by Deutsche Bank from $25.00 to $26.00 in a report released on Monday, Analyst Ratings Network reports. Deutsche Bank currently has a hold rating on the stock.
Deutsche Bank has also taken action a number of other financials stocks recently. The firm raised its price target on shares of Cullen/Frost Bankers Inc. from $56.00 to $58.00. Also, Deutsche Bank raised its price target on shares of City National Corp. from $55.00 to $58.00. They have a hold rating on that stock.
East West Bancorp (NASDAQ: EWBC) opened at 28.07 on Monday. East West Bancorp has a 52-week low of $19.68 and a 52-week high of $25.78. The stock’s 50-day moving average is currently $25.. The company has a market cap of $3.811 billion and a price-to-earnings ratio of 14.48.
EWBC has been the subject of a number of other recent research reports. Analysts at Macquarie downgraded shares of East West Bancorp from an outperform rating to a neutral rating in a research note to investors on Wednesday, June 26th. Separately, analysts at Credit Suisse cut their price target on shares of East West Bancorp from $29.00 to $27.00 in a research note to investors on Monday, April 22nd. They now have an outperform rating on the stock. Finally, analysts at Sandler O’Neill cut their price target on shares of East West Bancorp from $28.00 to $27.00 in a research note to investors on Friday, April 19th. They now have a buy rating on the stock.
Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $26.11.
East West Bancorp, Inc (NASDAQ: EWBC) is a bank holding company.