Research Analysts Offer Predictions for EWBC Q4 Earnings

East West Bancorp, Inc. (NASDAQ:EWBC) – Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of East West Bancorp in a research note issued to investors on Thursday, October 24th. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings of $2.17 per share 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.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.03. East West Bancorp had a net margin of 25.40% and a return on equity of 16.64%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $641.80 million. During the same period in the prior year, the company posted $2.02 earnings per share.

A number of other research firms also recently commented on EWBC. Wedbush raised their target price on East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays upped their target price on shares of East West Bancorp from $108.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup lifted their price target on shares of East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler raised their price objective on East West Bancorp from $87.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley boosted 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.46.

East West Bancorp Stock Performance

Shares of EWBC stock opened at $97.19 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $83.66 and a 200-day simple moving average of $78.49. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. East West Bancorp has a 12-month low of $51.40 and a 12-month high of $98.95.

Hedge Funds Weigh In On East West Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co acquired a new position in shares of East West Bancorp in the 1st quarter valued at $25,000. UMB Bank n.a. raised its position in shares of 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 buying an additional 283 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of East West Bancorp in the 2nd quarter worth about $30,000. American Capital Advisory LLC acquired a new position in East West Bancorp during the second quarter valued at approximately $31,000. Finally, Tobam lifted its holdings in shares of East West Bancorp by 131.7% during the 3rd quarter. Tobam now owns 482 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction of $167,000.00. Following the sale, the director now owns 16,557 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Jack C. Liu sold 2,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $83.50, for a total transaction of $167,000.00. Following the transaction, the director now directly owns 16,557 shares in the company, valued at approximately $1,382,509.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lisa L. Kim sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $78.68, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.

East West Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a yield of 2.26%. East West Bancorp’s dividend payout ratio (DPR) is currently 27.71%.

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.