What is Zacks Research’s Estimate for EWBC FY2024 Earnings?

East West Bancorp, Inc. (NASDAQ:EWBC) – Equities research analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of East West Bancorp in a note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $8.22 for the year, up from their previous forecast of $8.11. The consensus estimate for East West Bancorp’s current full-year earnings is $8.36 per share. Zacks Research also issued estimates for East West Bancorp’s Q3 2025 earnings at $2.17 EPS and Q4 2025 earnings at $2.25 EPS.

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

EWBC has been the topic of a number of other research reports. Citigroup boosted their target price on shares of East West Bancorp from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their target price on East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Monday, September 30th. DA Davidson increased their price target on East West Bancorp from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wedbush increased their price target on shares of East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their target price on East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.25.

East West Bancorp Stock Down 0.2 %

Shares of East West Bancorp stock opened at $103.34 on Thursday. East West Bancorp has a one year low of $60.34 and a one year high of $107.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50-day moving average is $89.21 and its 200 day moving average is $81.26. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.02 and a beta of 1.27.

Institutional Investors Weigh In On East West Bancorp

Several hedge funds have recently added to or reduced their stakes in EWBC. Capital Research Global Investors purchased a new position in shares of East West Bancorp during the 1st quarter valued at about $338,142,000. Jupiter Asset Management Ltd. purchased a new position in shares of East West Bancorp in the 2nd quarter valued at approximately $59,460,000. Millennium Management LLC lifted its position in East West Bancorp by 152.1% during the 2nd quarter. Millennium Management LLC now owns 374,213 shares of the financial services provider’s stock valued at $27,404,000 after acquiring an additional 225,799 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in East West Bancorp by 30.6% in the second quarter. Miller Howard Investments Inc. NY now owns 649,708 shares of the financial services provider’s stock worth $47,578,000 after acquiring an additional 152,334 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of East West Bancorp by 39.9% during the third quarter. Westfield Capital Management Co. LP now owns 520,656 shares of the financial services provider’s stock valued at $43,079,000 after buying an additional 148,530 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Insider Transactions at East West Bancorp

In other East West Bancorp news, Director Molly Campbell sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $98.65, for a total value of $147,975.00. Following the completion of the transaction, the director now owns 10,639 shares of the company’s stock, valued at $1,049,537.35. The trade was a 12.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack C. Liu sold 2,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $83.50, for a total transaction of $167,000.00. Following the sale, the director now owns 16,557 shares in the company, valued at approximately $1,382,509.50. This trade represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,969 shares of company stock valued at $2,625,276. 1.04% of the stock is owned by corporate insiders.

East West Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.13%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

East West Bancorp Company Profile

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.