East West Bancorp stock is trading -12.79% below its average target price of $116.42 after dropping -1.9% during today's morning session. Analysts are giving the Large-Cap Banking company an average rating of buy and target prices ranging from $100.0 to $128.0 per share.
The stock has an average amount of shares sold short at 2.8%, and a short ratio of 3.55. The company's insiders own 1.01% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 93.0% of East West Bancorp's shares being owned by this investor type.
Institutions Invested in East West Bancorp
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 10% | 14,126,565 | $1,434,195,222 |
| 2024-09-30 | Blackrock Inc. | 9% | 12,615,033 | $1,280,737,394 |
| 2024-09-30 | Capital International Investors | 7% | 9,745,067 | $989,364,968 |
| 2024-09-30 | FMR, LLC | 6% | 7,882,803 | $800,299,180 |
| 2024-09-30 | State Street Corporation | 4% | 5,314,994 | $539,603,151 |
| 2024-09-30 | Capital Research Global Investors | 3% | 4,280,576 | $434,584,178 |
| 2024-09-30 | Charles Schwab Investment Management, Inc. | 3% | 4,231,953 | $429,647,743 |
| 2024-09-30 | T. Rowe Price Investment Management, Inc. | 3% | 4,052,277 | $411,406,191 |
| 2024-09-30 | First Trust Advisors LP | 3% | 3,982,997 | $404,372,560 |
| 2024-09-30 | Himalaya Capital Management LLC | 2% | 2,776,351 | $281,868,192 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on East West Bancorp.
