5 Most Undervalued Bank Stocks To Buy According To Analysts

3. East West Bancorp, Inc. (NASDAQ:EWBC)

Number of Hedge Fund Holders: 38

PE Ratio as of March 4: 

Average Upside Potential: 12.24%

Average Analyst Price Target: $83.79

East West Bancorp, Inc. (NASDAQ:EWBC) is one of the most undervalued stocks to buy. It is a bank holding company for East West Bank, offering a variety of personal and commercial banking services in the United States. The company operates through three segments – Consumer and Business Banking, Commercial Banking, and Other. On January 24, East West Bancorp, Inc. (NASDAQ:EWBC) declared a $0.55 per share quarterly dividend, a 14.6% increase from its prior dividend of $0.48. The dividend was distributed to shareholders on February 15. 

According to Insider Monkey’s fourth quarter database, 38 hedge funds were long East West Bancorp, Inc. (NASDAQ:EWBC), compared to 32 funds in the last quarter. Ken Griffin’s Citadel Investment Group is the leading stakeholder of the company, with 2.28 million shares worth $164.6 million. 

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