East West Bancorp (EWBC) Stock Price, News & Analysis

Company Overview

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. It accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits. The company's loan products include mortgage and home equity, commercial and residential real estate, working capital lines of credit, construction finance, trade finance, letters of credit, commercial business, affordable housing loans, asset-based lending, asset-backed finance, project finance, loan syndication, and equipment financing, as well as financing services for clients to facilitate their business transactions between the United States and Asia. It also provides various wealth management, treasury management, foreign exchange, and interest rate and commodity risk hedging services; and mobile and online banking services. The company was founded in 1973 and is headquartered in Pasadena, California.

Key Stats

• Today's Range: $81.37 to $83.65
• 50-Day Range: $76.30 to $88.25
• 52-Week Range: $49.59 to $89.75
• Volume: 652,043 shs
• Average Volume: 945,659 shs
• Market Capitalization: $11.58 billion
• P/E Ratio: 10.48
• Dividend Yield: 2.64%
• Price Target: $89.53
• Consensus Rating: Moderate Buy

East West Bancorp Stock Analysis - MarketRank™

East West Bancorp scored higher than 72% of companies evaluated by MarketBeat, and ranked 8th out of 38 stocks in the financial services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

East West Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

East West Bancorp has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.27%

Earnings Growth

Earnings for East West Bancorp are expected to grow by 4.27% in the coming year, from $8.20 to $8.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of East West Bancorp is 10.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.24.

Price to Earnings Ratio vs. Sector

The P/E ratio of East West Bancorp is 10.48, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 416.39.

Price to Earnings Growth Ratio

East West Bancorp has a PEG Ratio of 2.65. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

East West Bancorp has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.38% of the float of East West Bancorp has been sold short.

Short Interest Ratio / Days to Cover

East West Bancorp has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in East West Bancorp has recently increased by 7.66%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

East West Bancorp pays a meaningful dividend of 2.82%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

East West Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of East West Bancorp is 27.71%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, East West Bancorp will have a dividend payout ratio of 25.73% next year. This indicates that East West Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.38% of the float of East West Bancorp has been sold short.

Short Interest Ratio / Days to Cover

East West Bancorp has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in East West Bancorp has recently increased by 7.66%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.80

News Sentiment

East West Bancorp has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for East West Bancorp this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for EWBC on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

5 people have added East West Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, East West Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,108,160.00 in company stock.

Percentage Held by Insiders

Only 1.04% of the stock of East West Bancorp is held by insiders.

Percentage Held by Institutions

89.53% of the stock of East West Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EWBC Stock Analysis - Frequently Asked Questions

How have EWBC shares performed this year?

East West Bancorp's stock was trading at $71.95 at the start of the year. Since then, EWBC shares have increased by 15.7% and is now trading at $83.22.
View the best growth stocks for 2024 here.

How were East West Bancorp's earnings last quarter?

East West Bancorp, Inc. (NASDAQ:EWBC) released its quarterly earnings data on Tuesday, July, 23rd. The financial services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.97 by $0.10. The business's revenue for the quarter was down .9% compared to the same quarter last year.

Who are East West Bancorp's major shareholders?

East West Bancorp's top institutional investors include Massachusetts Financial Services Co. MA (2.06%), Principal Financial Group Inc. (1.39%), Dimensional Fund Advisors LP (1.31%) and Bank of New York Mellon Corp (1.13%). Insiders that own company stock include Dominic Ng, Irene H Oh, Douglas Paul Krause, Lisa L Kim, Rudolph Estrada, Jack C Liu, Gary Teo, Molly Campbell, Parker Shi and Manuel Pham Alvarez.
View institutional ownership trends.

How do I buy shares of East West Bancorp?

Shares of EWBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of East West Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that East West Bancorp investors own include Energy Transfer (ET), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Applied Materials (AMAT), Lam Research (LRCX) and Boeing (BA).

Company Calendar

• Last Earnings: 7/23/2024
• Ex-Dividend for 8/16 Dividend: 8/02/2024
• Dividend Payable: 8/16/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 10/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Financial Services
• Industry: Banks - Regional
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:EWBC
• CUSIP: 27579R10
• CIK: 1069157
• Web: www.eastwestbank.com
• Phone: (626) 768-6000
• Fax: 302-655-5049
• Employees: 3,200
• Year Founded: 1998

Price Target and Rating

• Average Stock Price Target: $89.53
• High Stock Price Target: $105.00
• Low Stock Price Target: $66.00
• Potential Upside/Downside: +7.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.93
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.94
• Trailing P/E Ratio: 10.49
• Forward P/E Ratio: 10.16
• P/E Growth: 2.65
• Net Income: $1.16 billion
• Net Margins: 25.40%
• Pretax Margin: 32.73%
• Return on Equity: 16.64%
• Return on Assets: 1.64%

Debt

• Debt-to-Equity Ratio: 0.49
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $2.54 billion
• Price / Sales: 4.57
• Cash Flow: $10.55 per share
• Price / Cash Flow: 7.90
• Book Value: $49.32 per share
• Price / Book: 1.69

Miscellaneous

• Outstanding Shares: 139,143,000
• Free Float: 137,696,000
• Market Cap: $11.59 billion
• Optionable: Optionable
• Beta: 1.29