DA Davidson Reduces Earnings Estimates for East West Bancorp

East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) - DA Davidson cut their FY2025 earnings per share (EPS) estimates for East West Bancorp in a report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $8.60 for the year, down from their prior estimate of $8.62. DA Davidson has a "Buy" rating and a $118.00 price target on the stock. The consensus estimate for East West Bancorp's current full-year earnings is $8.85 per share.

A number of other equities analysts also recently commented on the stock. UBS Group initiated coverage on shares of East West Bancorp in a research note on Tuesday, December 17th. They set a "neutral" rating and a $112.00 target price on the stock. Compass Point lifted their price target on shares of East West Bancorp from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley lowered East West Bancorp from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $118.00 to $90.00 in a research report on Monday. Piper Sandler reduced their target price on East West Bancorp from $100.00 to $97.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Finally, Barclays decreased their price objective on shares of East West Bancorp from $120.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.00.

East West Bancorp Trading Up 5.9 %

Shares of NASDAQ EWBC traded up $4.17 during trading on Friday, hitting $75.20. 627,297 shares of the company were exchanged, compared to its average volume of 895,275. The company has a fifty day moving average price of $91.58 and a 200-day moving average price of $95.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91. The firm has a market capitalization of $10.41 billion, a PE ratio of 9.06, a P/E/G ratio of 1.29 and a beta of 1.09. East West Bancorp has a 12-month low of $68.35 and a 12-month high of $113.95.

Institutional Trading of East West Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in East West Bancorp in the third quarter valued at about $26,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in East West Bancorp in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its holdings in East West Bancorp by 73.2% during the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider's stock worth $40,000 after purchasing an additional 175 shares during the last quarter. Versant Capital Management Inc boosted its position in East West Bancorp by 89.7% during the first quarter. Versant Capital Management Inc now owns 518 shares of the financial services provider's stock worth $46,000 after purchasing an additional 245 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in East West Bancorp by 119.1% during the fourth quarter. Farther Finance Advisors LLC now owns 563 shares of the financial services provider's stock worth $54,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company's stock.

Insider Transactions at East West Bancorp

In other news, CEO Dominic Ng sold 19,819 shares of East West Bancorp stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $90.00, for a total value of $1,783,710.00. Following the sale, the chief executive officer now owns 968,314 shares of the company's stock, valued at $87,148,260. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack C. Liu sold 1,275 shares of East West Bancorp stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $104.53, for a total value of $133,275.75. Following the completion of the sale, the director now directly owns 14,557 shares in the company, valued at $1,521,643.21. This represents a 8.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,181 shares of company stock worth $5,625,732. Insiders own 1.04% of the company's stock.

East West Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a $0.60 dividend. This is an increase from East West Bancorp's previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, February 3rd. East West Bancorp's dividend payout ratio is presently 28.81%.

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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.