Equities analysts expect that East West Bancorp, Inc. (NASDAQ:EWBC) will report sales of $347.93 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for East West Bancorp’s earnings, with the lowest sales estimate coming in at $345.00 million and the highest estimate coming in at $351.70 million. East West Bancorp reported sales of $303.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The firm is scheduled to report its next earnings results on Wednesday, October 18th.

According to Zacks, analysts expect that East West Bancorp will report full year sales of $347.93 million for the current year, with estimates ranging from $1.35 billion to $1.44 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.50 billion per share, with estimates ranging from $1.47 billion to $1.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for East West Bancorp.

East West Bancorp (NASDAQ:EWBC) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $337.49 million for 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 quarter in the previous year, the firm earned $0.71 earnings per share.

Several research firms have recently weighed in on EWBC. Keefe, Bruyette & Woods restated a “hold” rating and set a $57.00 price objective on shares of East West Bancorp in a research report on Monday, May 22nd. Deutsche Bank AG cut shares of East West Bancorp from a “buy” rating to a “hold” rating and set a $61.00 target price for the company. in a report on Friday, July 14th. Morgan Stanley raised their target price on shares of East West Bancorp from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, July 31st. Finally, Piper Jaffray Companies set a $68.00 target price on shares of East West Bancorp and gave the stock a “buy” rating in a report on Saturday, June 17th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.63.

In other news, Director Jack C. Liu sold 1,123 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $59.00, for a total value of $66,257.00. Following the completion of the sale, the director now directly owns 23,669 shares of the company’s stock, valued at $1,396,471. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its position in shares of East West Bancorp by 1.0% in the second quarter. D.A. Davidson & CO. now owns 2,508 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 26 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of East West Bancorp by 1.0% in the second quarter. Cadence Capital Management LLC now owns 5,859 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 60 shares in the last quarter. Wright Investors Service Inc. lifted its position in shares of 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 purchasing an additional 90 shares in the last quarter. Utah Retirement Systems lifted its position in shares of East West Bancorp by 0.4% in the second quarter. Utah Retirement Systems now owns 26,294 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 100 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC lifted its position in shares of 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 purchasing an additional 129 shares in the last quarter. 91.34% of the stock is owned by institutional investors and hedge funds.

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Shares of East West Bancorp (NASDAQ EWBC) opened at 53.53 on Friday. The company’s 50-day moving average is $56.06 and its 200-day moving average is $55.30. The stock has a market cap of $7.73 billion, a P/E ratio of 15.29 and a beta of 1.43. East West Bancorp has a 12-month low of $35.33 and a 12-month high of $60.42.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was 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.

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Earnings History and Estimates for East West Bancorp (NASDAQ:EWBC)

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