FY2025 EPS Forecast for East West Bancorp Lifted by Analyst

East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) - Investment analysts at DA Davidson increased their FY2025 earnings estimates for East West Bancorp in a report issued on Monday, January 27th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $9.58 per share for the year, up from their prior estimate of $8.60. DA Davidson currently 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 $8.82 per share.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of East West Bancorp from $96.00 to $128.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Piper Sandler lowered their price objective on East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Citigroup raised their target price on East West Bancorp from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Wedbush upped their price target on East West Bancorp from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, Compass Point raised their price objective on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.38.

East West Bancorp Stock Down 0.6 %

Shares of NASDAQ:EWBC traded down $0.62 during trading hours on Wednesday, reaching $102.97. The stock had a trading volume of 732,817 shares, compared to its average volume of 838,646. East West Bancorp has a 1 year low of $67.27 and a 1 year high of $113.95. The firm's 50 day moving average is $101.02 and its 200-day moving average is $92.12. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 1.38 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.91.

East West Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.60 per share. This is an increase from East West Bancorp's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.33%. East West Bancorp's dividend payout ratio is 26.41%.

Insider Buying and Selling

In related news, Director Jack C. Liu sold 1,275 shares of East West Bancorp stock in a transaction 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 transaction, the director now directly owns 14,557 shares in the company, valued at $1,521,643.21. This trade represents a 8.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rudolph Estrada sold 469 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $98.04, for a total transaction of $45,980.76. Following the transaction, the director now owns 17,750 shares of the company's stock, valued at approximately $1,740,210. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,469 shares of company stock valued at $1,534,339 over the last quarter. 1.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On East West Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings in shares of East West Bancorp by 106.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,270 shares of the financial services provider's stock valued at $122,000 after buying an additional 656 shares during the period. Angel Oak Capital Advisors LLC purchased a new position in East West Bancorp in the fourth quarter worth $1,015,000. Venturi Wealth Management LLC lifted its holdings in East West Bancorp by 73.2% in the fourth quarter. Venturi Wealth Management LLC now owns 414 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 175 shares during the period. Truist Financial Corp boosted its position in shares of East West Bancorp by 48.1% during the 4th quarter. Truist Financial Corp now owns 17,795 shares of the financial services provider's stock worth $1,704,000 after purchasing an additional 5,781 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of East West Bancorp by 13.9% during the 4th quarter. CIBC Asset Management Inc now owns 5,709 shares of the financial services provider's stock worth $547,000 after purchasing an additional 698 shares during the period. Hedge funds and other institutional investors own 89.53% 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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.