East West Bancorp, Inc. (NASDAQ:EWBC) – Research analysts at SunTrust Banks boosted their Q1 2018 EPS estimates for East West Bancorp in a note issued to investors on Monday. SunTrust Banks analyst M. Young now forecasts that the financial services provider will post earnings per share of $0.99 for the quarter, up from their previous forecast of $0.90. SunTrust Banks currently has a “Buy” rating and a $68.00 price target on the stock. SunTrust Banks also issued estimates for East West Bancorp’s Q3 2018 earnings at $1.08 EPS and Q4 2018 earnings at $1.12 EPS.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The firm had revenue of $348.97 million for the quarter, compared to analyst estimates of $349.28 million. During the same period in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year.

Several other brokerages have also commented on EWBC. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Monday. Piper Jaffray Companies restated a “buy” rating and issued a $79.00 price objective on shares of East West Bancorp in a report on Tuesday. Wells Fargo & Co restated an “outperform” rating and issued a $72.00 price objective (up from $65.00) on shares of East West Bancorp in a report on Tuesday. Sandler O’Neill reaffirmed a “buy” rating and set a $69.00 target price on shares of East West Bancorp in a research note on Thursday, January 4th. Finally, ValuEngine raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. East West Bancorp presently has a consensus rating of “Hold” and an average target price of $67.25.

Shares of East West Bancorp (EWBC) traded up $1.44 during mid-day trading on Wednesday, hitting $65.90. 1,511,200 shares of the stock traded hands, compared to its average volume of 949,671. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 0.99. East West Bancorp has a 52-week low of $48.07 and a 52-week high of $66.54. The firm has a market cap of $9,520.00, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.55 and a beta of 1.46.

In related news, Director Jack C. Liu sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total transaction of $127,754.00. Following the sale, the director now directly owns 23,599 shares of the company’s stock, valued at approximately $1,370,393.93. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Herman Y. Li sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the director now directly owns 40,130 shares in the company, valued at $2,447,930. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,200 shares of company stock worth $1,044,054. 0.88% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of East West Bancorp by 156.1% in the 2nd quarter. Royal Bank of Canada now owns 72,735 shares of the financial services provider’s stock valued at $4,260,000 after purchasing an additional 44,336 shares during the last quarter. British Airways Pensions Investment Management Ltd increased its position in shares of East West Bancorp by 38.8% in the 3rd quarter. British Airways Pensions Investment Management Ltd now owns 552,985 shares of the financial services provider’s stock valued at $33,049,000 after purchasing an additional 154,504 shares during the last quarter. Sei Investments Co. increased its position in shares of East West Bancorp by 18.1% in the 3rd quarter. Sei Investments Co. now owns 111,518 shares of the financial services provider’s stock valued at $6,667,000 after purchasing an additional 17,107 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of East West Bancorp by 65.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,875 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 5,512 shares during the last quarter. Finally, Andra AP fonden increased its position in shares of East West Bancorp by 33.1% in the 3rd quarter. Andra AP fonden now owns 47,900 shares of the financial services provider’s stock valued at $2,863,000 after purchasing an additional 11,900 shares during the last quarter. 91.37% of the stock is currently owned by institutional investors.

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East West Bancorp Company Profile

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

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