East West Bancorp (EWBC) to Release Earnings on Tuesday

East West Bancorp (NASDAQ:EWBC - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $2.06 per share and revenue of $673.02 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

East West Bancorp Stock Performance

Shares of EWBC stock traded up $1.53 during trading hours on Friday, reaching $77.43. The stock had a trading volume of 1,412,011 shares, compared to its average volume of 918,828. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.91 and a quick ratio of 0.92. The firm has a 50-day simple moving average of $87.41 and a 200-day simple moving average of $94.81. The firm has a market capitalization of $10.72 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. East West Bancorp has a twelve month low of $68.27 and a twelve month high of $113.95.

East West Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a $0.60 dividend. This is a boost from East West Bancorp's previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Monday, February 3rd. East West Bancorp's dividend payout ratio (DPR) is currently 28.81%.

Insider Activity at East West Bancorp

In other news, Director Jack C. Liu sold 725 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total value of $75,762.50. Following the completion of the sale, the director now directly owns 15,832 shares of the company's stock, valued at $1,654,444. This represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dominic Ng sold 20,181 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $90.01, for a total transaction of $1,816,491.81. Following the sale, the chief executive officer now owns 988,133 shares of the company's stock, valued at approximately $88,941,851.33. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,181 shares of company stock worth $5,625,732. 1.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EWBC shares. Barclays lowered their price target on East West Bancorp from $120.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on shares of East West Bancorp from $120.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler reduced their price target on shares of East West Bancorp from $100.00 to $97.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. DA Davidson lowered their price objective on shares of East West Bancorp from $120.00 to $118.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com downgraded East West Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, East West Bancorp has an average rating of "Moderate Buy" and a consensus target price of $106.46.

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.