East West Bancorp (NASDAQ:EWBC) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 17th. Analysts expect East West Bancorp to post earnings of $1.00 per share for the quarter.
East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The business had revenue of $365.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same quarter last year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts expect East West Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NASDAQ EWBC opened at $61.53 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.13. East West Bancorp has a 52 week low of $48.76 and a 52 week high of $69.25. The company has a market cap of $8,981.96, a price-to-earnings ratio of 17.78, a PEG ratio of 1.35 and a beta of 1.42.
Several research firms have commented on EWBC. Barclays boosted their price target on shares of East West Bancorp from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. BMO Capital Markets boosted their price target on shares of East West Bancorp to $74.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Sandler O’Neill reiterated a “buy” rating and set a $76.00 price target on shares of East West Bancorp in a report on Friday, January 26th. BidaskClub upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Morgan Stanley boosted their price target on shares of East West Bancorp from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. East West Bancorp currently has a consensus rating of “Buy” and a consensus price target of $70.08.
In other news, Director Iris S. Chan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $66.69, for a total transaction of $133,380.00. Following the completion of the sale, the director now owns 20,301 shares in the company, valued at approximately $1,353,873.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Molly Campbell sold 461 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $65.11, for a total transaction of $30,015.71. Following the sale, the director now owns 5,448 shares of the company’s stock, valued at approximately $354,719.28. The disclosure for this sale can be found here. Insiders have sold a total of 9,461 shares of company stock valued at $641,846 in the last 90 days. Insiders own 0.88% of the company’s stock.
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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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.
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