Q3 EPS Forecast for East West Bancorp Decreased by Analyst

East West Bancorp, Inc. (NASDAQ:EWBCFree Report) – Equities researchers at Zacks Research lowered their Q3 2026 EPS estimates for East West Bancorp in a report issued on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $2.34 for the quarter, down from their prior estimate of $2.35. The consensus estimate for East West Bancorp’s current full-year earnings is $8.37 per share.

East West Bancorp (NASDAQ:EWBCGet Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. During the same quarter last year, the business earned $2.02 earnings per share.

A number of other brokerages have also issued reports on EWBC. Stephens raised their target price on shares of East West Bancorp from $91.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Citigroup raised their target price on shares of East West Bancorp from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Compass Point lifted their price target on shares of East West Bancorp from $93.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Truist Financial lifted their price target on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, DA Davidson lifted their price target on shares of East West Bancorp from $100.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.25.

Check Out Our Latest Stock Analysis on EWBC

East West Bancorp Stock Up 0.2 %

Shares of NASDAQ EWBC opened at $110.05 on Thursday. East West Bancorp has a 1 year low of $60.34 and a 1 year high of $113.95. The firm’s 50 day moving average price is $94.18 and its 200 day moving average price is $83.22. The firm has a market cap of $15.26 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 3.23 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, November 4th. East West Bancorp’s dividend payout ratio is presently 27.78%.

Insider Activity

In other news, Director Rudolph Estrada sold 469 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total value of $45,980.76. Following the transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,740,210. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the completion of the transaction, the insider now directly owns 45,403 shares in the company, valued at approximately $4,840,413.83. This represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,969 shares of company stock valued at $2,458,276. Company insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On East West Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in East West Bancorp by 1.8% during the 3rd quarter. FMR LLC now owns 7,882,803 shares of the financial services provider’s stock worth $652,223,000 after buying an additional 136,528 shares during the period. State Street Corp increased its stake in East West Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 5,314,994 shares of the financial services provider’s stock worth $439,763,000 after buying an additional 75,024 shares during the period. Charles Schwab Investment Management Inc. increased its stake in East West Bancorp by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,231,953 shares of the financial services provider’s stock worth $350,152,000 after buying an additional 96,729 shares during the period. Geode Capital Management LLC increased its stake in East West Bancorp by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,608,132 shares of the financial services provider’s stock worth $216,438,000 after buying an additional 122,738 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in East West Bancorp by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,822,886 shares of the financial services provider’s stock worth $133,480,000 after buying an additional 118,658 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

About East West Bancorp

(Get Free Report)

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.

See Also

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

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