What is Zacks Research’s Forecast for EWBC FY2024 Earnings?

East West Bancorp, Inc. (NASDAQ:EWBC) – Research analysts at Zacks Research boosted their FY2024 EPS estimates for East West Bancorp in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $8.22 per share for the year, up from their prior estimate of $8.11. The consensus estimate for East West Bancorp’s current full-year earnings is $8.34 per share. Zacks Research also issued estimates for East West Bancorp’s Q3 2025 earnings at $2.17 EPS and Q4 2025 earnings at $2.25 EPS.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $641.80 million. During the same quarter last year, the firm posted $2.02 EPS.

A number of other analysts have also issued reports on the company. Citigroup raised their target price on East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial increased their price objective on East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wedbush boosted their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. DA Davidson upped their target price on shares of East West Bancorp from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Compass Point raised their price target on shares of East West Bancorp from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, East West Bancorp has a consensus rating of “Moderate Buy” and an average price target of $102.25.

East West Bancorp Trading Down 0.3 %

East West Bancorp stock opened at $103.57 on Thursday. East West Bancorp has a 52 week low of $60.26 and a 52 week high of $107.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $14.36 billion, a PE ratio of 13.22, a PEG ratio of 3.11 and a beta of 1.27. The business’s 50-day simple moving average is $88.75 and its 200-day simple moving average is $81.10.

East West Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Monday, November 4th. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

Insiders Place Their Bets

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 owns 45,403 shares of the company’s stock, valued at approximately $4,840,413.83. This trade represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction 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 represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,969 shares of company stock worth $2,625,276 over the last quarter. Company insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On East West Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Erste Asset Management GmbH bought a new position in shares of East West Bancorp in the third quarter worth about $2,167,000. Verition Fund Management LLC increased its holdings in shares of East West Bancorp by 61.2% in the third quarter. Verition Fund Management LLC now owns 6,635 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 2,518 shares in the last quarter. Captrust Financial Advisors bought a new position in East West Bancorp in the 3rd quarter worth approximately $250,000. Infrastructure Capital Advisors LLC acquired a new position in East West Bancorp during the 3rd quarter worth $256,000. Finally, Noesis Capital Mangement Corp bought a new position in East West Bancorp in the 3rd quarter valued at $1,105,000. Institutional investors and hedge funds 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.