Brokerages Anticipate East West Bancorp, Inc. (NASDAQ:EWBC) Will Announce Earnings of $1.16 Per Share

Equities research analysts expect that East West Bancorp, Inc. (NASDAQ:EWBC) will announce $1.16 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for East West Bancorp’s earnings. The highest EPS estimate is $1.18 and the lowest is $1.12. East West Bancorp also posted earnings of $1.16 per share during the same quarter last year. The business is expected to report its next quarterly earnings results on Thursday, April 16th.

According to Zacks, analysts expect that East West Bancorp will report full year earnings of $3.65 per share for the current financial year, with EPS estimates ranging from $2.60 to $4.39. For the next year, analysts anticipate that the firm will post earnings of $3.97 per share, with EPS estimates ranging from $3.30 to $4.98. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow East West Bancorp.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The firm had revenue of $431.20 million during the quarter, compared to analysts’ expectations of $413.66 million. East West Bancorp had a net margin of 32.22% and a return on equity of 14.73%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 EPS.

Several equities research analysts have issued reports on EWBC shares. Morgan Stanley lowered their price objective on shares of East West Bancorp from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. BidaskClub lowered shares of East West Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, March 6th. Wells Fargo & Co lowered shares of East West Bancorp from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $53.00 to $31.00 in a report on Monday. TheStreet lowered shares of East West Bancorp from a “b-” rating to a “c+” rating in a report on Friday, February 28th. Finally, UBS Group lowered shares of East West Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $58.00 to $50.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.13.

In related news, Director Rudolph Estrada sold 2,626 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $47.61, for a total transaction of $125,023.86. Following the sale, the director now directly owns 15,977 shares of the company’s stock, valued at $760,664.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herman Y. Li sold 10,172 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $30.06, for a total transaction of $305,770.32. Following the sale, the director now directly owns 25,789 shares in the company, valued at $775,217.34. The disclosure for this sale can be found here. Insiders sold a total of 16,098 shares of company stock worth $533,193 over the last ninety days. Insiders own 0.61% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Boston Partners raised its position in shares of East West Bancorp by 3.6% in the third quarter. Boston Partners now owns 5,170,745 shares of the financial services provider’s stock valued at $229,015,000 after buying an additional 179,203 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of East West Bancorp by 23.8% in the fourth quarter. Macquarie Group Ltd. now owns 5,049,462 shares of the financial services provider’s stock valued at $245,908,000 after buying an additional 969,736 shares during the last quarter. FMR LLC increased its position in East West Bancorp by 139.2% during the fourth quarter. FMR LLC now owns 3,780,589 shares of the financial services provider’s stock worth $184,115,000 after purchasing an additional 2,200,318 shares during the last quarter. Nuveen Asset Management LLC increased its position in East West Bancorp by 67.2% during the fourth quarter. Nuveen Asset Management LLC now owns 2,401,938 shares of the financial services provider’s stock worth $116,975,000 after purchasing an additional 965,403 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in East West Bancorp by 11.2% during the fourth quarter. Handelsbanken Fonder AB now owns 2,388,321 shares of the financial services provider’s stock worth $116,311,000 after purchasing an additional 240,129 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

East West Bancorp stock traded down $1.03 during trading hours on Thursday, hitting $25.86. The company had a trading volume of 216,971 shares, compared to its average volume of 2,961,977. The firm has a market cap of $3.92 billion, a P/E ratio of 5.63, a P/E/G ratio of 0.65 and a beta of 1.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. East West Bancorp has a 1 year low of $26.12 and a 1 year high of $52.97. The company has a 50-day moving average price of $38.35 and a two-hundred day moving average price of $43.99.

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 and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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Earnings History and Estimates for East West Bancorp (NASDAQ:EWBC)

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