Wall Street brokerages predict that East West Bancorp, Inc. (NASDAQ:EWBC) will report $0.81 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for East West Bancorp’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.77. East West Bancorp posted earnings per share of $0.71 in the same quarter last year, which suggests a positive year over year growth rate of 14.1%. The firm is scheduled to report its next earnings results on Wednesday, July 19th.

On average, analysts expect that East West Bancorp will report full year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.33 to $3.53. For the next year, analysts anticipate that the firm will post earnings of $3.80 per share, with EPS estimates ranging from $3.67 to $4.02. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover East West Bancorp.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Wednesday, April 19th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.14. The company had revenue of $388.15 million for the quarter, compared to analyst estimates of $314.52 million. East West Bancorp had a net margin of 34.72% and a return on equity of 13.24%. During the same period in the prior year, the business earned $0.71 EPS.

A number of research analysts have weighed in on the stock. Piper Jaffray Companies reduced their price target on shares of East West Bancorp to $62.00 and set an “overweight” rating on the stock in a research report on Monday, April 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $57.00 price target on shares of East West Bancorp in a research report on Monday, May 22nd. Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, April 20th. Morgan Stanley lifted their price target on shares of East West Bancorp from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. Finally, BidaskClub raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. East West Bancorp has an average rating of “Hold” and a consensus price target of $58.57.

East West Bancorp (EWBC) traded up 0.37% during midday trading on Thursday, reaching $59.15. 2,244,723 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.54 billion, a P/E ratio of 17.44 and a beta of 1.42. The stock’s 50 day moving average is $55.68 and its 200 day moving average is $52.86. East West Bancorp has a 52 week low of $31.34 and a 52 week high of $59.78.

In other news, Director Molly Campbell sold 590 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $55.93, for a total transaction of $32,998.70. Following the transaction, the director now directly owns 3,903 shares of the company’s stock, valued at $218,294.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack C. Liu sold 1,123 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $59.00, for a total transaction of $66,257.00. Following the transaction, the director now directly owns 23,669 shares in the company, valued at $1,396,471. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,713 shares of company stock worth $8,560,964. Corporate insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Capital Management LLC boosted its position in East West Bancorp by 570.4% in the first quarter. Janus Capital Management LLC now owns 65,700 shares of the financial services provider’s stock worth $3,391,000 after buying an additional 55,900 shares during the last quarter. Macquarie Group Ltd. boosted its position in East West Bancorp by 1.1% in the first quarter. Macquarie Group Ltd. now owns 4,038,781 shares of the financial services provider’s stock worth $208,441,000 after buying an additional 45,604 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in East West Bancorp by 8.3% in the first quarter. Tudor Investment Corp ET AL now owns 19,881 shares of the financial services provider’s stock worth $1,026,000 after buying an additional 1,523 shares during the last quarter. Colonial Trust Advisors boosted its position in East West Bancorp by 3.7% in the first quarter. Colonial Trust Advisors now owns 30,727 shares of the financial services provider’s stock worth $1,690,000 after buying an additional 1,100 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in East West Bancorp by 160.9% in the first quarter. Jane Street Group LLC now owns 13,163 shares of the financial services provider’s stock worth $679,000 after buying an additional 8,117 shares during the last quarter. 88.01% of the stock is currently owned by institutional investors and hedge funds.

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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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