East West Bancorp, Inc. Announces Quarterly Dividend of $0.18 (EWBC)
East West Bancorp (NASDAQ:EWBC) announced a quarterly dividend on Wednesday, July 16th, AnalystRatingsNetwork.com reports. Investors of record on Friday, August 1st will be paid a dividend of 0.18 per share on Friday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.02%.
A number of research firms have recently commented on EWBC. Analysts at Barclays upgraded shares of East West Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 3rd. They now have a $40.00 price target on the stock, up previously from $38.00. They noted that the move was a valuation call. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of East West Bancorp in a research note on Tuesday, May 20th. They now have a $40.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of East West Bancorp in a research note on Wednesday, April 30th. They now have a $40.00 price target on the stock, up previously from $38.00. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. East West Bancorp currently has an average rating of “Buy” and a consensus target price of $37.23.
Shares of East West Bancorp (NASDAQ:EWBC) traded down 1.46% during mid-day trading on Wednesday, hitting $35.14. 988,867 shares of the company’s stock traded hands. East West Bancorp has a 52 week low of $28.38 and a 52 week high of $38.26. The stock’s 50-day moving average is $35.12 and its 200-day moving average is $35.03. The company has a market cap of $5.027 billion and a P/E ratio of 16.64.
East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.07. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, analysts predict that East West Bancorp will post $2.33 earnings per share for the current fiscal year.
East West Bancorp, Inc (NASDAQ:EWBC) is a bank holding company.
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