East West Bancorp, Inc. (NASDAQ:EWBC) – Equities research analysts at DA Davidson raised their FY2017 EPS estimates for East West Bancorp in a report issued on Friday. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $3.52 per share for the year, up from their prior forecast of $3.44. DA Davidson also issued estimates for East West Bancorp’s Q4 2017 earnings at $0.93 EPS and FY2018 earnings at $3.80 EPS.

A number of other equities research analysts also recently commented on EWBC. Wedbush reissued an “outperform” rating and issued a $68.00 price objective on shares of East West Bancorp in a research report on Thursday. Deutsche Bank AG downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating and set a $61.00 price objective on the stock. in a research report on Friday, July 14th. BidaskClub downgraded shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BMO Capital Markets downgraded shares of East West Bancorp from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a research report on Friday, July 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $60.00 price objective (up from $59.00) on shares of East West Bancorp in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.63.

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Shares of East West Bancorp (NASDAQ EWBC) opened at 57.00 on Monday. East West Bancorp has a 52 week low of $33.02 and a 52 week high of $60.42. The firm has a market capitalization of $8.24 billion, a P/E ratio of 16.28 and a beta of 1.42. The firm has a 50-day moving average of $57.62 and a 200 day moving average of $54.22.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The company had revenue of $337.49 million during the quarter, compared to the consensus estimate of $329.32 million. East West Bancorp had a net margin of 34.63% and a return on equity of 13.31%. During the same period last year, the firm earned $0.71 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC increased its position in East West Bancorp by 1.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 10,354 shares of the financial services provider’s stock worth $606,000 after buying an additional 129 shares during the period. Wright Investors Service Inc. increased its position in East West Bancorp by 0.6% in the second quarter. Wright Investors Service Inc. now owns 14,145 shares of the financial services provider’s stock worth $829,000 after buying an additional 90 shares during the period. Whittier Trust Co. increased its position in East West Bancorp by 0.6% in the second quarter. Whittier Trust Co. now owns 75,605 shares of the financial services provider’s stock worth $4,429,000 after buying an additional 446 shares during the period. State Treasurer State of Michigan increased its position in East West Bancorp by 1.7% in the second quarter. State Treasurer State of Michigan now owns 59,600 shares of the financial services provider’s stock worth $3,491,000 after buying an additional 1,000 shares during the period. Finally, BTIM Corp. increased its position in East West Bancorp by 4.4% in the second quarter. BTIM Corp. now owns 217,195 shares of the financial services provider’s stock worth $12,724,000 after buying an additional 9,169 shares during the period. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Molly Campbell sold 590 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $55.93, for a total value of $32,998.70. Following the transaction, the director now directly owns 3,903 shares of the company’s stock, valued at approximately $218,294.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jack C. Liu sold 1,123 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $59.00, for a total transaction of $66,257.00. Following the completion of 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. Insiders sold a total of 5,713 shares of company stock worth $326,256 over the last ninety days. Insiders own 0.88% of the company’s stock.

The business also recently announced a dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 28th. East West Bancorp’s dividend payout ratio (DPR) is 22.92%.

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 and Estimates for East West Bancorp (NASDAQ:EWBC)

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