Equities research analysts forecast that East West Bancorp, Inc. (NASDAQ:EWBC) will report $357.80 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for East West Bancorp’s earnings, with the lowest sales estimate coming in at $352.00 million and the highest estimate coming in at $361.60 million. East West Bancorp posted sales of $321.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The company is expected to announce its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that East West Bancorp will report full-year sales of $357.80 million for the current fiscal year, with estimates ranging from $1.35 billion to $1.44 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.51 billion per share, with estimates ranging from $1.47 billion to $1.54 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for East West Bancorp.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly 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. The company had revenue of $348.97 million during the quarter, compared to analyst estimates of $349.28 million. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. East West Bancorp’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS.

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $57.00 price target on shares of East West Bancorp in a research note on Tuesday, September 26th. Deutsche Bank AG lowered shares of East West Bancorp from a “buy” rating to a “hold” rating and set a $61.00 price target for the company. in a research note on Friday, July 14th. BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price target on shares of East West Bancorp in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of East West Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. Finally, DA Davidson reiterated a “hold” rating and issued a $63.00 price target on shares of East West Bancorp in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $64.60.

East West Bancorp (EWBC) opened at $59.72 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $8,628.75, a PE ratio of 17.88, a PEG ratio of 1.63 and a beta of 1.47.

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

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/06/east-west-bancorp-inc-ewbc-expected-to-post-quarterly-sales-of-357-80-million.html.

In other news, Director Rudolph Estrada sold 1,916 shares of East West Bancorp stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $55.97, for a total value of $107,238.52. Following the completion of the sale, the director now directly owns 15,475 shares in the company, valued at $866,135.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Herman Y. Li sold 10,000 shares of East West Bancorp stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the director now owns 40,130 shares of the company’s stock, 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.

Several hedge funds have recently made changes to their positions in EWBC. Principal Financial Group Inc. grew its stake in shares of East West Bancorp by 128.7% in the second quarter. Principal Financial Group Inc. now owns 2,951,316 shares of the financial services provider’s stock worth $172,888,000 after acquiring an additional 1,660,844 shares during the period. BlackRock Inc. grew its stake in shares of East West Bancorp by 11.5% in the second quarter. BlackRock Inc. now owns 13,329,464 shares of the financial services provider’s stock worth $780,841,000 after acquiring an additional 1,373,528 shares during the period. William Blair Investment Management LLC grew its stake in shares of East West Bancorp by 75.9% in the second quarter. William Blair Investment Management LLC now owns 2,646,584 shares of the financial services provider’s stock worth $155,037,000 after acquiring an additional 1,142,250 shares during the period. State Street Corp grew its stake in shares of East West Bancorp by 16.5% in the second quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock worth $415,902,000 after acquiring an additional 1,004,860 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of East West Bancorp by 7.5% in the second quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock worth $745,971,000 after acquiring an additional 893,764 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

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.

Get a free copy of the Zacks research report on East West Bancorp (EWBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for East West Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East West Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.