Brokerages expect East West Bancorp, Inc. (NASDAQ:EWBC) to post earnings per share of $0.91 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for East West Bancorp’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.88. East West Bancorp posted earnings per share of $0.76 during the same quarter last year, which indicates a positive year-over-year growth rate of 19.7%. The company is scheduled to report its next earnings report on Wednesday, January 24th.

On average, analysts expect that East West Bancorp will report full-year earnings of $3.71 per share for the current financial year, with EPS estimates ranging from $3.51 to $3.82. For the next fiscal year, analysts anticipate that the business will report earnings of $3.83 per share, with EPS estimates ranging from $3.75 to $4.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for East West Bancorp.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.03. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The company had revenue of $348.97 million for the quarter, compared to analysts’ expectations of $349.28 million. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 15.0% on a year-over-year basis.

Several brokerages recently issued reports on EWBC. Zacks Investment Research cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Piper Jaffray Companies set a $74.00 target price on shares of East West Bancorp and gave the stock a “buy” rating in a report on Saturday, October 21st. BMO Capital Markets raised their target price on shares of East West Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Barclays PLC set a $66.00 target price on shares of East West Bancorp and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Wedbush restated an “outperform” rating and issued a $66.00 target price (down previously from $68.00) on shares of East West Bancorp in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $64.60.

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Shares of East West Bancorp (EWBC) traded down $0.01 during mid-day trading on Friday, reaching $59.72. 682,684 shares of the company traded hands, compared to its average volume of 998,635. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The company has a market cap of $8.65 billion, a PE ratio of 17.93, a PEG ratio of 1.63 and a beta of 1.47.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.80 annualized dividend and a yield of 1.34%. East West Bancorp’s payout ratio is presently 21.98%.

In other news, Director Rudolph Estrada sold 1,916 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $55.97, for a total transaction of $107,238.52. Following the sale, the director now directly owns 15,475 shares in the company, valued at approximately $866,135.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the director now owns 40,130 shares in the company, valued at $2,447,930. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of East West Bancorp by 156.1% during the 2nd quarter. Royal Bank of Canada now owns 72,735 shares of the financial services provider’s stock valued at $4,260,000 after purchasing an additional 44,336 shares during the period. Dai Ichi Life Insurance Company Ltd raised its position in shares of East West Bancorp by 113.8% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 96,514 shares of the financial services provider’s stock valued at $5,654,000 after purchasing an additional 51,378 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of East West Bancorp by 352.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,516 shares of the financial services provider’s stock valued at $1,378,000 after purchasing an additional 18,321 shares during the period. Principal Financial Group Inc. raised its position in shares of East West Bancorp by 128.7% during the 2nd quarter. Principal Financial Group Inc. now owns 2,951,316 shares of the financial services provider’s stock valued at $172,888,000 after purchasing an additional 1,660,844 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of East West Bancorp by 4.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 52,762 shares of the financial services provider’s stock valued at $3,091,000 after purchasing an additional 2,275 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

About East West Bancorp

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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