$1.00 EPS Expected for East West Bancorp (EWBC) This Quarter

Analysts predict that East West Bancorp (NASDAQ:EWBC) will post earnings of $1.00 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for East West Bancorp’s earnings, with estimates ranging from $0.98 to $1.02. East West Bancorp posted earnings of $0.88 per share during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, April 19th.

On average, analysts expect that East West Bancorp will report full-year earnings of $4.40 per share for the current financial year, with EPS estimates ranging from $4.35 to $4.44. For the next financial year, analysts forecast that the company will report earnings of $4.93 per share, with EPS estimates ranging from $4.80 to $5.21. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow East West Bancorp.

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East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.04). East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. The firm had revenue of $365.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill reaffirmed a “buy” rating and issued a $69.00 price objective on shares of East West Bancorp in a research report on Thursday, January 4th. Barclays upped their price objective on shares of East West Bancorp from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Wells Fargo reissued an “outperform” rating and set a $72.00 target price (up from $65.00) on shares of East West Bancorp in a research report on Tuesday, January 9th. Finally, ValuEngine raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $70.08.

EWBC stock traded up $0.28 during trading on Monday, reaching $61.81. The stock had a trading volume of 450,942 shares, compared to its average volume of 949,577. East West Bancorp has a one year low of $48.76 and a one year high of $69.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $8,893.79, a price-to-earnings ratio of 17.86, a PEG ratio of 1.33 and a beta of 1.42.

In related news, CFO Irene H. Oh sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $68.29, for a total value of $341,450.00. Following the completion of the transaction, the chief financial officer now directly owns 38,021 shares of the company’s stock, valued at approximately $2,596,454.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $68.50, for a total transaction of $137,000.00. Following the completion of the transaction, the director now directly owns 21,599 shares of the company’s stock, valued at $1,479,531.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,461 shares of company stock valued at $641,846 over the last three months. Insiders own 0.88% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Colonial Trust Advisors boosted its holdings in East West Bancorp by 36.9% in the 4th quarter. Colonial Trust Advisors now owns 69,539 shares of the financial services provider’s stock worth $4,230,000 after buying an additional 18,751 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in East West Bancorp by 3.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 40,431 shares of the financial services provider’s stock worth $2,459,000 after buying an additional 1,284 shares during the period. Handelsbanken Fonder AB boosted its holdings in East West Bancorp by 12.4% in the 4th quarter. Handelsbanken Fonder AB now owns 2,349,611 shares of the financial services provider’s stock worth $142,927,000 after buying an additional 260,000 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in East West Bancorp by 107.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,600 shares of the financial services provider’s stock worth $341,000 after buying an additional 2,900 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in East West Bancorp in the 4th quarter worth approximately $5,563,000. 91.71% of the stock is owned by institutional investors.

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

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