Brokerages Anticipate East West Bancorp, Inc. (EWBC) to Announce $1.16 Earnings Per Share

Wall Street analysts forecast that East West Bancorp, Inc. (NASDAQ:EWBC) will announce earnings per share of $1.16 for the current quarter, Zacks reports. Six analysts have made estimates for East West Bancorp’s earnings, with the highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.12. East West Bancorp reported earnings of $0.87 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The firm is scheduled to issue its next earnings results on Thursday, January 24th.

On average, analysts expect that East West Bancorp will report full-year earnings of $4.79 per share for the current financial year, with EPS estimates ranging from $4.75 to $4.84. For the next fiscal year, analysts forecast that the firm will report earnings of $5.10 per share, with EPS estimates ranging from $4.91 to $5.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover East West Bancorp.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Thursday, October 18th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. East West Bancorp had a return on equity of 15.70% and a net margin of 34.80%. The company had revenue of $395.22 million for the quarter, compared to the consensus estimate of $398.25 million. During the same quarter in the prior year, the business earned $0.91 EPS.

Several research analysts have recently issued reports on the company. DA Davidson raised East West Bancorp from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 27th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, September 18th. BidaskClub cut East West Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. ValuEngine cut East West Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, BMO Capital Markets raised East West Bancorp from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research report on Monday, October 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.00.

NASDAQ EWBC traded up $0.81 during trading hours on Friday, hitting $53.69. 1,283,725 shares of the company were exchanged, compared to its average volume of 711,936. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. East West Bancorp has a 52-week low of $50.15 and a 52-week high of $73.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.71%. East West Bancorp’s dividend payout ratio (DPR) is presently 26.59%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of East West Bancorp by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,297,189 shares of the financial services provider’s stock valued at $802,751,000 after purchasing an additional 187,861 shares during the period. Legal & General Group Plc boosted its position in shares of East West Bancorp by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 277,906 shares of the financial services provider’s stock valued at $16,778,000 after purchasing an additional 10,234 shares during the period. Standard Life Aberdeen plc boosted its position in shares of East West Bancorp by 8.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 66,879 shares of the financial services provider’s stock valued at $4,038,000 after purchasing an additional 4,975 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of East West Bancorp by 12.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 547,933 shares of the financial services provider’s stock valued at $33,079,000 after purchasing an additional 60,831 shares during the period. Finally, Maltese Capital Management LLC boosted its position in shares of East West Bancorp by 1,729.9% in the 3rd quarter. Maltese Capital Management LLC now owns 150,053 shares of the financial services provider’s stock valued at $9,059,000 after purchasing an additional 141,853 shares during the period. 86.93% of the stock is owned by hedge funds and other institutional investors.

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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

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