East West Bancorp (EWBC) Set to Announce Earnings on Tuesday

East West Bancorp (NASDAQ:EWBC) is scheduled to be releasing its earnings data before the market opens on Tuesday, January 23rd. Analysts expect East West Bancorp to post earnings of $0.91 per share for the quarter.

East West Bancorp (NASDAQ:EWBC) opened at $67.98 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $9,980.00, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.49 and a beta of 1.46. East West Bancorp has a 1 year low of $48.07 and a 1 year high of $68.05.

In other news, insider Douglas Paul Krause sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $61.26, for a total transaction of $306,300.00. Following the sale, the insider now owns 18,015 shares in the company, valued at $1,103,598.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herman Y. Li sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the director now owns 40,130 shares in the company, valued at approximately $2,447,930. The disclosure for this sale can be found here. Insiders have sold 17,200 shares of company stock worth $1,044,054 in the last 90 days. Insiders own 0.88% of the company’s stock.

Several research firms have weighed in on EWBC. BidaskClub raised East West Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research raised East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Monday, January 8th. Piper Jaffray Companies restated a “buy” rating and set a $79.00 price objective on shares of East West Bancorp in a report on Tuesday, January 9th. Wells Fargo & Co restated an “outperform” rating and set a $72.00 price objective (up previously from $65.00) on shares of East West Bancorp in a report on Tuesday, January 9th. Finally, Sandler O’Neill restated a “buy” rating and set a $69.00 price objective on shares of East West Bancorp in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $67.25.

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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.

Earnings History for East West Bancorp (NASDAQ:EWBC)

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