East West Bancorp, Inc. (NASDAQ:EWBC) – Investment analysts at SunTrust Banks increased their Q1 2018 earnings per share (EPS) estimates for East West Bancorp in a research note issued on Thursday. SunTrust Banks analyst M. Young now expects that the financial services provider will post earnings of $1.01 per share for the quarter, up from their previous forecast of $0.99. SunTrust Banks has a “Buy” rating and a $68.00 price target on the stock. SunTrust Banks also issued estimates for East West Bancorp’s Q2 2018 earnings at $1.07 EPS, Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $4.38 EPS, Q1 2019 earnings at $1.13 EPS, Q2 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.26 EPS and FY2019 earnings at $4.82 EPS.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Monday, December 25th. Barclays set a $66.00 target price on shares of East West Bancorp and gave the company a “buy” rating in a research report on Friday, October 20th. Piper Jaffray Companies set a $74.00 target price on shares of East West Bancorp and gave the company a “buy” rating in a research report on Saturday, October 21st. ValuEngine upgraded shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Sandler O’Neill restated a “buy” rating and issued a $69.00 target price on shares of East West Bancorp in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $69.42.
East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The firm had revenue of $365.06 million during the quarter, compared to the consensus estimate of $359.43 million. East West Bancorp had a net margin of 31.93% and a return on equity of 13.56%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share.
Several large investors have recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of East West Bancorp by 1.0% during 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 during the period. Cetera Investment Advisers lifted its holdings in shares of East West Bancorp by 5.8% during the second quarter. Cetera Investment Advisers now owns 4,827 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 266 shares during the period. Advisor Group Inc. lifted its holdings in East West Bancorp by 14.0% in the second quarter. Advisor Group Inc. now owns 4,247 shares of the financial services provider’s stock valued at $228,000 after buying an additional 523 shares during the period. Stifel Financial Corp lifted its holdings in East West Bancorp by 4.1% in the second quarter. Stifel Financial Corp now owns 16,173 shares of the financial services provider’s stock valued at $945,000 after buying an additional 633 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in East West Bancorp by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 43,237 shares of the financial services provider’s stock valued at $2,533,000 after buying an additional 738 shares during the period. Institutional investors own 91.32% of the company’s stock.
In other news, Director Jack C. Liu sold 2,200 shares of East West Bancorp stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total transaction of $127,754.00. Following the transaction, the director now owns 23,599 shares in the company, valued at $1,370,393.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas Paul Krause sold 5,000 shares of East West Bancorp stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $61.26, for a total transaction of $306,300.00. Following the transaction, the insider now owns 18,015 shares in the company, valued at approximately $1,103,598.90. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. East West Bancorp’s dividend payout ratio (DPR) is presently 23.05%.
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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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