East West Bancorp (EWBC) Expected to Announce Earnings on Thursday

East West Bancorp (NASDAQ:EWBC) is expected to issue its quarterly earnings data after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $2.12 per share and revenue of $659,000.52 billion for the quarter.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.03. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. During the same period in the prior year, the business posted $2.02 earnings per share. On average, analysts expect East West Bancorp to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

East West Bancorp Price Performance

EWBC opened at $100.53 on Thursday. The company has a fifty day moving average price of $101.56 and a two-hundred day moving average price of $89.72. The firm has a market capitalization of $13.94 billion, a PE ratio of 12.69, a P/E/G ratio of 2.95 and a beta of 1.30. East West Bancorp has a 52 week low of $67.27 and a 52 week high of $113.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.55 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a yield of 2.19%. East West Bancorp’s dividend payout ratio is presently 27.78%.

Analyst Ratings Changes

Several research firms have recently issued reports on EWBC. Piper Sandler boosted their target price on East West Bancorp from $87.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. DA Davidson boosted their price objective on shares of East West Bancorp from $100.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial increased their target price on shares of East West Bancorp from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on shares of East West Bancorp from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Compass Point upped their price objective on shares of East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.77.

Insider Buying and Selling at East West Bancorp

In other news, Director Rudolph Estrada sold 469 shares of East West Bancorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total value of $45,980.76. Following the sale, the director now directly owns 17,750 shares in the company, valued at $1,740,210. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the completion of the sale, the insider now directly owns 45,403 shares in the company, valued at approximately $4,840,413.83. This represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,969 shares of company stock valued at $2,458,276 in the last 90 days. 1.04% of the stock is currently owned by company insiders.

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. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.