Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Buy rating on East West Bancorp (NASDAQ:EWBC) on Tuesday, setting a price target of $46, which is approximately 23.76% above the present share price of $37.17.
Zerbe expects East West Bancorp to post earnings per share (EPS) of $1.13 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in East West Bancorp, with an average price target of $43.33.
The analysts price targets range from a high of $46 to a low of $41.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $370.6 million and a net profit of $0. The company's market cap is $5.26 billion.
According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.4% and a 51.02% 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.