East West Bancorp, Inc. (EWBC) Expected to Post Earnings of $1.16 Per Share

Analysts expect that East West Bancorp, Inc. (NASDAQ:EWBC) will report earnings per share (EPS) of $1.16 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for East West Bancorp’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.20. East West Bancorp posted earnings of $0.87 per share in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that East West Bancorp will report full-year earnings of $4.79 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.84. For the next financial year, analysts expect that the company will post earnings of $5.10 per share, with EPS estimates ranging from $4.91 to $5.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow East West Bancorp.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Thursday, October 18th. The financial services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.03. The company had revenue of $395.22 million during the quarter, compared to analysts’ expectations of $398.25 million. East West Bancorp had a return on equity of 15.70% and a net margin of 34.80%. During the same period in the prior year, the business posted $0.91 EPS.

Several equities analysts have recently commented on the company. Piper Jaffray Companies set a $82.00 target price on East West Bancorp and gave the company a “buy” rating in a research note on Thursday, July 19th. BidaskClub upgraded East West Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 19th. Barclays reduced their price objective on East West Bancorp from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, July 20th. Zacks Investment Research upgraded East West Bancorp from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Tuesday, July 24th. Finally, Keefe, Bruyette & Woods upgraded East West Bancorp from a “market perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $71.67.

Shares of East West Bancorp stock traded down $0.51 on Friday, hitting $52.99. 445,088 shares of the company’s stock traded hands, compared to its average volume of 855,501. The stock has a market cap of $7.80 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. East West Bancorp has a 52-week low of $50.34 and a 52-week high of $73.98.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, October 31st. East West Bancorp’s dividend payout ratio (DPR) is presently 26.59%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC lifted its stake in East West Bancorp by 12.5% in the third quarter. TIAA CREF Investment Management LLC now owns 547,933 shares of the financial services provider’s stock valued at $33,079,000 after buying an additional 60,831 shares during the last quarter. Maltese Capital Management LLC lifted its stake in East West Bancorp by 1,729.9% in the third quarter. Maltese Capital Management LLC now owns 150,053 shares of the financial services provider’s stock valued at $9,059,000 after buying an additional 141,853 shares during the last quarter. AQR Capital Management LLC lifted its stake in East West Bancorp by 33.0% in the third quarter. AQR Capital Management LLC now owns 106,811 shares of the financial services provider’s stock valued at $6,448,000 after buying an additional 26,483 shares during the last quarter. HRT Financial LLC bought a new stake in East West Bancorp in the third quarter valued at $466,000. Finally, DF Dent & Co. Inc. lifted its stake in East West Bancorp by 361.3% in the third quarter. DF Dent & Co. Inc. now owns 34,598 shares of the financial services provider’s stock valued at $2,089,000 after buying an additional 27,098 shares during the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.

East West Bancorp Company Profile

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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Earnings History and Estimates for East West Bancorp (NASDAQ:EWBC)

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