Q1 2018 Earnings Forecast for East West Bancorp, Inc. (EWBC) Issued By DA Davidson

East West Bancorp, Inc. (NASDAQ:EWBC) – Investment analysts at DA Davidson raised their Q1 2018 earnings estimates for shares of East West Bancorp in a research report issued on Thursday. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $1.00 for the quarter, up from their previous estimate of $0.90. DA Davidson has a “Hold” rating and a $63.00 price target on the stock. DA Davidson also issued estimates for East West Bancorp’s Q2 2018 earnings at $1.11 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $1.16 EPS and FY2019 earnings at $4.99 EPS.

Several other brokerages have also recently issued reports on EWBC. Barclays lifted their target price on shares of East West Bancorp from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday. Sandler O’Neill reaffirmed a “buy” rating and issued a $76.00 target price on shares of East West Bancorp in a report on Friday. BMO Capital Markets lifted their target price on shares of East West Bancorp to $74.00 and gave the stock a “market perform” rating in a report on Friday. BidaskClub raised shares of East West Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $69.42.

East West Bancorp (EWBC) opened at $68.47 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.13. The stock has a market cap of $9,920.00, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. East West Bancorp has a twelve month low of $48.07 and a twelve month high of $69.25.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The firm had revenue of $365.06 million during the quarter, compared to analysts’ expectations of $359.43 million. East West Bancorp had a return on equity of 13.56% and a net margin of 31.93%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be paid a $0.20 dividend. The ex-dividend date of this dividend 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 is presently 23.05%.

In other news, Director Jack C. Liu sold 2,200 shares of East West Bancorp stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $58.07, for a total value of $127,754.00. Following the completion of the sale, the director now directly owns 23,599 shares in the company, valued at $1,370,393.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Paul Krause sold 5,000 shares of East West Bancorp stock in a transaction that occurred 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 completion of the sale, the insider now owns 18,015 shares of the company’s stock, valued at $1,103,598.90. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. grew its stake 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 acquiring an additional 26 shares during the period. Cetera Investment Advisers grew its position in 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 valued at $284,000 after buying an additional 266 shares during the period. Advisor Group Inc. grew its position in East West Bancorp by 14.0% during 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 grew its position in East West Bancorp by 4.1% during 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. grew its position in East West Bancorp by 1.7% during 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. Hedge funds and other institutional investors own 91.32% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/29/q1-2018-earnings-forecast-for-east-west-bancorp-inc-ewbc-issued-by-da-davidson.html.

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)

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

Leave a Reply