Equities analysts expect East West Bancorp, Inc. (NASDAQ:EWBC) to post earnings per share (EPS) of $1.25 for the current quarter, according to Zacks. Six analysts have provided estimates for East West Bancorp’s earnings, with estimates ranging from $1.22 to $1.29. 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 5.9%. The company is scheduled to issue its next earnings report on Thursday, July 18th.
According to Zacks, analysts expect that East West Bancorp will report full year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.93 to $5.01. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.31 per share, with EPS estimates ranging from $5.10 to $5.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for East West Bancorp.
East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). East West Bancorp had a return on equity of 15.78% and a net margin of 35.42%. The firm had revenue of $404.59 million for the quarter, compared to analysts’ expectations of $411.11 million. During the same period last year, the firm earned $1.13 earnings per share.
Shares of East West Bancorp stock traded down $0.22 on Friday, reaching $47.66. The company had a trading volume of 28,147 shares, compared to its average volume of 904,867. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 0.90 and a beta of 1.55. East West Bancorp has a 52-week low of $40.05 and a 52-week high of $73.98.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This is a boost from East West Bancorp’s previous quarterly dividend of $0.23. This represents a $1.10 annualized dividend and a yield of 2.31%. East West Bancorp’s payout ratio is 23.61%.
In other East West Bancorp news, Director Jack C. Liu sold 2,108 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $55.20, for a total value of $116,361.60. Following the sale, the director now directly owns 18,857 shares in the company, valued at $1,040,906.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors Inc. bought a new stake in shares of East West Bancorp in the 1st quarter valued at approximately $482,000. FMR LLC grew its stake in shares of 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 buying an additional 173,633 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in shares of East West Bancorp by 271.3% in the 1st quarter. BlueMountain Capital Management LLC now owns 99,545 shares of the financial services provider’s stock valued at $4,775,000 after buying an additional 72,735 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of East West Bancorp by 23.3% in the 1st quarter. HighTower Advisors LLC now owns 9,542 shares of the financial services provider’s stock valued at $460,000 after buying an additional 1,804 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of East West Bancorp by 7.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,921 shares of the financial services provider’s stock valued at $1,149,000 after buying an additional 1,753 shares in the last quarter. Hedge funds and other institutional investors own 88.99% 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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