What is Zacks Research's Forecast for EWBC FY2024 Earnings?

East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) - Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for East West Bancorp in a report released on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $8.22 per share for the year, up from their prior estimate of $8.11. The consensus estimate for East West Bancorp's current full-year earnings is $8.34 per share. Zacks Research also issued estimates for East West Bancorp's Q3 2025 earnings at $2.17 EPS and Q4 2025 earnings at $2.25 EPS.

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 for the quarter, beating analysts' consensus estimates of $2.06 by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations 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 prior year, the business posted $2.02 earnings per share.

Several other research firms have also weighed in on EWBC. Wedbush raised their price objective on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. StockNews.com raised East West Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, October 29th. Wells Fargo & Company boosted their price objective on East West Bancorp from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Piper Sandler raised their target price on East West Bancorp from $87.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Truist Financial upped their price target on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.25.

East West Bancorp Price Performance

Shares of East West Bancorp stock traded down $0.16 during mid-day trading on Thursday, reaching $103.68. 192,981 shares of the stock were exchanged, compared to its average volume of 932,397. East West Bancorp has a fifty-two week low of $60.26 and a fifty-two week high of $107.68. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.27. The firm has a 50-day simple moving average of $88.75 and a 200 day simple moving average of $81.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On East West Bancorp

Several large investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in East West Bancorp during the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of East West Bancorp during the second quarter worth $30,000. UMB Bank n.a. boosted its stake in East West Bancorp by 362.8% in the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider's stock worth $30,000 after purchasing an additional 283 shares during the period. American Capital Advisory LLC bought a new position in East West Bancorp during the 2nd quarter worth about $31,000. Finally, Signaturefd LLC raised its stake in shares of East West Bancorp by 490.1% in the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 446 shares during the period. 89.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other East West Bancorp news, Director Rudolph Estrada sold 469 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,740,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Rudolph Estrada sold 469 shares of East West Bancorp stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total transaction of $45,980.76. Following the transaction, the director now directly owns 17,750 shares of the company's stock, valued at $1,740,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 45,403 shares of the company's stock, valued at $4,840,413.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,969 shares of company stock valued at $2,625,276 over the last three months. Company insiders own 1.04% of the company's stock.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.55 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.20 annualized dividend and a dividend yield of 2.12%. East West Bancorp's dividend payout ratio is currently 27.78%.

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.