East West Bancorp, Inc. (NASDAQ:EWBC) – Equities researchers at Wedbush dropped their FY2019 earnings per share (EPS) estimates for shares of East West Bancorp in a research report issued to clients and investors on Tuesday, November 5th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $4.85 per share for the year, down from their previous forecast of $4.88. Wedbush has a “Outperform” rating and a $51.00 price objective on the stock. Wedbush also issued estimates for East West Bancorp’s Q4 2019 earnings at $1.27 EPS and FY2020 earnings at $4.55 EPS.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.03). The company had revenue of $421.28 million during the quarter, compared to analyst estimates of $418.32 million. East West Bancorp had a return on equity of 14.90% and a net margin of 31.98%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS.

Several other equities research analysts also recently issued reports on the stock. Raymond James downgraded shares of East West Bancorp from a “market perform” rating to an “underperform” rating in a research note on Tuesday, October 8th. Zacks Investment Research upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research note on Friday, October 4th. BMO Capital Markets downgraded shares of East West Bancorp from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $51.00 to $44.00 in a research note on Monday, August 19th. BidaskClub upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, ValuEngine downgraded shares of East West Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.43.

Shares of East West Bancorp stock traded down $0.01 during midday trading on Friday, hitting $45.96. The company had a trading volume of 22,994 shares, compared to its average volume of 1,350,745. The business’s 50 day simple moving average is $43.47 and its two-hundred day simple moving average is $44.86. The stock has a market cap of $6.67 billion, a PE ratio of 9.87, a P/E/G ratio of 0.96 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 1.01. East West Bancorp has a 1-year low of $37.69 and a 1-year high of $56.09.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.10 dividend on an annualized basis and a yield of 2.39%. East West Bancorp’s dividend payout ratio is currently 23.61%.

In other East West Bancorp news, Director Rudolph Estrada purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $38.51 per share, for a total transaction of $38,510.00. Following the completion of the purchase, the director now directly owns 18,603 shares of the company’s stock, valued at $716,401.53. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Andy Yen purchased 1,300 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average price of $38.92 per share, for a total transaction of $50,596.00. Following the purchase, the executive vice president now directly owns 55,849 shares of the company’s stock, valued at $2,173,643.08. The disclosure for this purchase can be found here. Insiders have acquired 38,052 shares of company stock worth $1,478,330 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EWBC. FMR LLC lifted its holdings in shares of East West Bancorp by 51.5% during the first quarter. FMR LLC now owns 510,524 shares of the financial services provider’s stock valued at $24,490,000 after acquiring an additional 173,633 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of East West Bancorp by 1.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 201,028 shares of the financial services provider’s stock valued at $9,643,000 after acquiring an additional 2,791 shares during the period. Denali Advisors LLC bought a new position in shares of East West Bancorp during the second quarter valued at $1,515,000. Handelsbanken Fonder AB lifted its holdings in shares of East West Bancorp by 10.2% during the second quarter. Handelsbanken Fonder AB now owns 2,663,951 shares of the financial services provider’s stock valued at $124,593,000 after acquiring an additional 246,578 shares during the period. Finally, YHB Investment Advisors Inc. lifted its holdings in shares of East West Bancorp by 1.4% during the second quarter. YHB Investment Advisors Inc. now owns 40,853 shares of the financial services provider’s stock valued at $1,911,000 after acquiring an additional 559 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

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 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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