Equities Analysts Offer Predictions for EWBC Q4 Earnings

East West Bancorp, Inc. (NASDAQ:EWBC) – Stock analysts at Wedbush lifted their Q4 2024 earnings estimates for East West Bancorp in a note issued to investors on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now expects that the financial services provider will post earnings of $2.09 per share for the quarter, up from their prior forecast of $2.02. Wedbush has a “Outperform” rating and a $110.00 price objective on the stock. The consensus estimate for East West Bancorp’s current full-year earnings is $8.21 per share. Wedbush also issued estimates for East West Bancorp’s FY2026 earnings at $8.85 EPS.

Several other research firms also recently commented on EWBC. Compass Point upped their price objective on shares of East West Bancorp from $93.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group cut their price objective on shares of East West Bancorp from $94.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Stephens boosted their target price on shares of East West Bancorp from $91.00 to $104.00 and gave the company an “overweight” rating in a report on Thursday. Barclays raised their price target on East West Bancorp from $108.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Truist Financial lifted their price target on East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.46.

East West Bancorp Stock Down 2.2 %

EWBC stock opened at $95.10 on Friday. The stock has a fifty day moving average of $83.94 and a 200-day moving average of $78.63. East West Bancorp has a fifty-two week low of $52.29 and a fifty-two week high of $98.95. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.20 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92.

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 return on equity of 16.41% and a net margin of 24.96%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $641.80 million. During the same period in the prior year, the company earned $2.02 earnings per share.

East West Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.31%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

Insider Transactions at East West Bancorp

In related news, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the sale, the director now directly owns 16,557 shares of the company’s stock, valued at $1,382,509.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other East West Bancorp news, EVP Lisa L. Kim sold 6,000 shares of East West Bancorp stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $78.68, for a total transaction of $472,080.00. Following the completion of the sale, the executive vice president now owns 18,891 shares of the company’s stock, valued at $1,486,343.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack C. Liu sold 2,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the transaction, the director now owns 16,557 shares in the company, valued at $1,382,509.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Institutional Trading of East West Bancorp

A number of hedge funds have recently bought and sold shares of the company. Riverview Trust Co purchased a new position in East West Bancorp in the 1st quarter worth $25,000. Oak Thistle LLC purchased a new position in shares of East West Bancorp in the first quarter worth about $262,000. State of Michigan Retirement System increased its holdings in shares of East West Bancorp by 2.4% in the first quarter. State of Michigan Retirement System now owns 34,622 shares of the financial services provider’s stock worth $2,739,000 after buying an additional 800 shares during the period. Norden Group LLC bought a new stake in shares of East West Bancorp in the 1st quarter valued at about $414,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in East West Bancorp during the 1st quarter valued at about $206,000. Institutional investors own 89.53% 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. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.