What is DA Davidson's Estimate for EWBC Q4 Earnings?

East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of East West Bancorp in a research note issued on Thursday, October 24th. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $2.17 for the quarter. DA Davidson has a "Buy" rating and a $107.00 price objective on the stock. The consensus estimate for East West Bancorp's current full-year earnings is $8.20 per share.

Several other equities research analysts have also recently commented on EWBC. Piper Sandler raised their target price on shares of East West Bancorp from $87.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday. StockNews.com cut East West Bancorp from a "hold" rating to a "sell" rating in a research report on Monday. Morgan Stanley increased their target price on East West Bancorp from $103.00 to $106.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Citigroup upped their price target on East West Bancorp from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Jefferies Financial Group reduced their target price on shares of East West Bancorp from $94.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, East West Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.46.

East West Bancorp Trading Down 2.2 %

EWBC stock traded down $2.09 on Friday, reaching $95.10. The company's stock had a trading volume of 835,862 shares, compared to its average volume of 932,006. The firm has a market cap of $13.23 billion, a PE ratio of 11.96, a PEG ratio of 2.08 and a beta of 1.29. The business has a fifty day simple moving average of $83.66 and a two-hundred day simple moving average of $78.49. East West Bancorp has a 12-month low of $52.29 and a 12-month high of $98.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92.

East West Bancorp (NASDAQ:EWBC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.06 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. During the same quarter in the previous year, the business earned $2.02 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EWBC. Riverview Trust Co bought a new position in shares of East West Bancorp in the 1st quarter worth approximately $25,000. Oak Thistle LLC bought a new position in East West Bancorp in the first quarter worth approximately $262,000. State of Michigan Retirement System boosted its stake in shares of East West Bancorp by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 34,622 shares of the financial services provider's stock worth $2,739,000 after acquiring an additional 800 shares during the last quarter. Norden Group LLC bought a new stake in shares of East West Bancorp during the 1st quarter valued at $414,000. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of East West Bancorp during the 1st quarter valued at $206,000. Institutional investors own 89.53% of the company's stock.

Insider Transactions at East West Bancorp

In related news, Director Jack C. Liu sold 2,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $83.50, for a total transaction of $167,000.00. Following the sale, the director now directly owns 16,557 shares of the company's stock, valued at $1,382,509.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other East West Bancorp news, EVP Lisa L. Kim sold 6,000 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $78.68, for a total transaction of $472,080.00. Following the completion of the sale, the executive vice president now directly owns 18,891 shares in the company, valued at approximately $1,486,343.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack C. Liu sold 2,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares in the company, valued at approximately $1,382,509.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

East West Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, November 4th. East West Bancorp's payout ratio is 27.71%.

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.