FY2025 EPS Estimate for East West Bancorp Lifted by Analyst

East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) - Analysts at DA Davidson increased their FY2025 earnings estimates for East West Bancorp in a report issued on Thursday, April 24th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $8.76 per share for the year, up from their previous forecast of $8.60. DA Davidson has a "Buy" rating and a $100.00 price target on the stock. The consensus estimate for East West Bancorp's current full-year earnings is $8.85 per share. DA Davidson also issued estimates for East West Bancorp's FY2026 earnings at $9.58 EPS.

EWBC has been the subject of a number of other reports. Morgan Stanley cut shares of East West Bancorp from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $118.00 to $90.00 in a report on Monday, April 7th. Piper Sandler decreased their target price 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. Wells Fargo & Company cut their price target on East West Bancorp from $120.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Barclays boosted their price objective on East West Bancorp from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, StockNews.com downgraded shares of East West Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.46.

East West Bancorp Stock Performance

Shares of EWBC stock opened at $85.26 on Monday. The firm has a 50 day moving average of $85.38 and a 200-day moving average of $94.93. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. East West Bancorp has a 52 week low of $68.27 and a 52 week high of $113.95.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. East West Bancorp had a return on equity of 15.71% and a net margin of 25.73%. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $673.02 million.

Institutional Trading of East West Bancorp

A number of large investors have recently bought and sold shares of EWBC. Barclays PLC grew its stake in East West Bancorp by 12.2% in the 3rd quarter. Barclays PLC now owns 145,310 shares of the financial services provider's stock valued at $12,023,000 after buying an additional 15,829 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of East West Bancorp in the third quarter valued at $5,513,000. Wilmington Savings Fund Society FSB bought a new stake in shares of East West Bancorp during the 3rd quarter valued at $26,000. Tidal Investments LLC lifted its holdings in East West Bancorp by 7.1% during the 3rd quarter. Tidal Investments LLC now owns 23,674 shares of the financial services provider's stock worth $1,959,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in East West Bancorp by 21.9% in the 3rd quarter. Franklin Resources Inc. now owns 42,552 shares of the financial services provider's stock worth $3,800,000 after purchasing an additional 7,645 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at East West Bancorp

In other news, Director Jack C. Liu sold 1,275 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $104.53, for a total transaction of $133,275.75. Following the completion of the transaction, the director now directly owns 14,557 shares of the company's stock, valued at $1,521,643.21. This represents a 8.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dominic Ng sold 20,181 shares of East West Bancorp 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 completion of the sale, the chief executive officer now directly owns 988,133 shares in the company, valued at $88,941,851.33. This trade represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,181 shares of company stock valued at $5,625,732. 1.04% of the stock is owned by insiders.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, May 2nd. East West Bancorp's dividend payout ratio is presently 28.64%.

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.

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