East West Bancorp, Inc. (NASDAQ:EWBC) – Analysts at Wedbush decreased their Q2 2019 earnings estimates for East West Bancorp in a report issued on Monday, June 3rd. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings per share of $1.22 for the quarter, down from their prior estimate of $1.26. Wedbush has a “Outperform” rating and a $50.00 price target on the stock.

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine upgraded East West Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.88.

Shares of EWBC opened at $43.54 on Tuesday. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 0.81 and a beta of 1.63. East West Bancorp has a 12 month low of $40.05 and a 12 month high of $73.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.06). The company had revenue of $404.59 million for the quarter, compared to analyst estimates of $411.11 million. East West Bancorp had a return on equity of 15.78% and a net margin of 35.42%. During the same quarter in the prior year, the firm earned $1.13 EPS.

Several large investors have recently added to or reduced their stakes in EWBC. Berman Capital Advisors LLC lifted its stake in shares of East West Bancorp by 170.4% in the first quarter. Berman Capital Advisors LLC now owns 622 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 392 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new position in shares of East West Bancorp in the fourth quarter worth about $30,000. Patriot Financial Group Insurance Agency LLC raised its stake in East West Bancorp by 44.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 677 shares of the financial services provider’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Gemmer Asset Management LLC raised its stake in East West Bancorp by 69.6% during the first quarter. Gemmer Asset Management LLC now owns 714 shares of the financial services provider’s stock valued at $34,000 after buying an additional 293 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in East West Bancorp during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 88.88% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.275 dividend. This is a boost from East West Bancorp’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, April 30th. This represents a $1.10 annualized dividend and a dividend yield of 2.53%. East West Bancorp’s payout ratio is 23.61%.

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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Earnings History and Estimates for East West Bancorp (NASDAQ:EWBC)

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