Jefferies (NYSE:JEF) analyst Elan Zanger maintained a Buy rating on East West Bancorp (NASDAQ:EWBC) on Thursday, setting a price target of $85, which is approximately 17.26% above the present share price of $72.49.
Zanger expects East West Bancorp to post earnings per share (EPS) of $1.58 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in East West Bancorp, with an average price target of $88.
The analysts price targets range from a high of $104 to a low of $80.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $441.09 million and a net profit of $0. The company's market cap is $10.28 billion.
According to TipRanks.com, Jefferies analyst Elan Zanger is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.7% and a 33.33% success rate.
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.