East West Bancorp (EWBC) to Release Quarterly Earnings on Thursday

East West Bancorp (NASDAQ:EWBC - Get Free Report) is anticipated to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect East West Bancorp to post earnings of $2.12 per share and revenue of $659,000.52 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.06 by $0.03. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same period in the previous year, the business earned $2.02 EPS. On average, analysts expect East West Bancorp to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

East West Bancorp Stock Performance

East West Bancorp stock traded down $1.04 during mid-day trading on Thursday, reaching $99.49. The company's stock had a trading volume of 762,886 shares, compared to its average volume of 790,999. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp has a twelve month low of $67.27 and a twelve month high of $113.95. The business has a 50 day moving average price of $101.52 and a 200-day moving average price of $89.79. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.60 and a beta of 1.30.

East West Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Monday, November 4th. East West Bancorp's dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EWBC. DA Davidson upped their target price on East West Bancorp from $100.00 to $107.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price objective on East West Bancorp from $96.00 to $128.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Citigroup raised their target price on East West Bancorp from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Piper Sandler boosted their price target on shares of East West Bancorp from $87.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, East West Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.77.

Insider Activity

In related news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the completion of the sale, the insider now directly owns 45,403 shares of the company's stock, valued at $4,840,413.83. This represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Irene H. Oh sold 10,000 shares of East West Bancorp stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total transaction of $985,000.00. Following the completion of the transaction, the insider now owns 117,193 shares in the company, valued at approximately $11,543,510.50. This trade represents a 7.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,969 shares of company stock worth $2,458,276. 1.04% of the stock is owned by company insiders.

About East West Bancorp

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.