East West Bancorp (EWBC) Scheduled to Post Earnings on Tuesday

East West Bancorp (NASDAQ:EWBC) will issue its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $2.03 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.10. The business had revenue of $638.00 million during the quarter, compared to analyst estimates of $631.61 million. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. East West Bancorp’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 EPS. On average, analysts expect East West Bancorp to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

East West Bancorp Stock Performance

Shares of EWBC opened at $91.83 on Monday. The firm has a market cap of $12.78 billion, a P/E ratio of 11.57, a PEG ratio of 2.08 and a beta of 1.29. East West Bancorp has a twelve month low of $51.14 and a twelve month high of $93.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $82.48 and its two-hundred day moving average price is $78.03.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a $0.55 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.20 annualized dividend and a yield of 2.40%. East West Bancorp’s dividend payout ratio is currently 27.71%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group dropped their price target on East West Bancorp from $94.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Barclays boosted their target price on East West Bancorp from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Wells Fargo & Company raised their price target on shares of East West Bancorp from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. DA Davidson boosted their price objective on shares of East West Bancorp from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley raised their target price on shares of East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, East West Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $92.77.

Insider Buying and Selling at East West Bancorp

In related news, Director Rudolph Estrada sold 1,896 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.77, for a total transaction of $166,411.92. Following the transaction, the director now directly owns 18,470 shares of the company’s stock, valued at approximately $1,621,111.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Gary Teo sold 3,450 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.73, for a total transaction of $302,668.50. Following the completion of the sale, the executive vice president now owns 15,875 shares of the company’s stock, valued at $1,392,713.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rudolph Estrada sold 1,896 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.77, for a total transaction of $166,411.92. Following the completion of the transaction, the director now directly owns 18,470 shares in the company, valued at approximately $1,621,111.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,346 shares of company stock valued at $1,108,160 in the last ninety days. 1.04% of the stock is currently owned by corporate insiders.

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. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.