Wall Street brokerages forecast that East West Bancorp, Inc. (NASDAQ:EWBC) will report $1.20 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for East West Bancorp’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.27. East West Bancorp reported earnings per share of $1.18 in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 23rd.

According to Zacks, analysts expect that East West Bancorp will report full-year earnings of $4.54 per share for the current fiscal year, with EPS estimates ranging from $4.44 to $4.62. For the next financial year, analysts expect that the firm will report earnings of $4.69 per share, with EPS estimates ranging from $4.55 to $4.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for East West Bancorp.

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

EWBC has been the topic of several analyst reports. Wells Fargo & Co dropped their target price on East West Bancorp from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. ValuEngine upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lowered their price target on East West Bancorp from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Wedbush dropped their price objective on East West Bancorp from $55.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Finally, Zacks Investment Research raised East West Bancorp from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. East West Bancorp currently has an average rating of “Buy” and an average price target of $53.43.

Shares of East West Bancorp stock traded down $1.19 during trading hours on Tuesday, reaching $44.39. 954,853 shares of the company’s stock were exchanged, compared to its average volume of 972,273. The stock has a market cap of $6.67 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.96 and a beta of 1.68. The company has a 50 day moving average of $44.37 and a two-hundred day moving average of $44.22. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.18. East West Bancorp has a fifty-two week low of $37.69 and a fifty-two week high of $56.09.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Thursday, October 31st. East West Bancorp’s payout ratio is currently 23.61%.

Large investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in East West Bancorp by 51.5% in the 1st 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. raised its position in shares of East West Bancorp by 1.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 201,028 shares of the financial services provider’s stock valued at $9,643,000 after buying an additional 2,791 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of East West Bancorp during the 2nd quarter worth $4,082,000. BB&T Corp boosted its stake in East West Bancorp by 3.8% in the second quarter. BB&T Corp now owns 77,783 shares of the financial services provider’s stock valued at $3,639,000 after buying an additional 2,813 shares in the last quarter. Finally, Arizona State Retirement System grew its position in East West Bancorp by 1.5% in the second quarter. Arizona State Retirement System now owns 105,634 shares of the financial services provider’s stock valued at $4,941,000 after acquiring an additional 1,545 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

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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