FY2025 EPS Forecast for East West Bancorp Raised by Analyst

East West Bancorp, Inc. (NASDAQ:EWBC) – Analysts at DA Davidson raised their FY2025 EPS estimates for East West Bancorp in a note issued to investors on Monday, January 27th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $9.58 per share for the year, up from their previous estimate of $8.60. DA Davidson currently has a “Buy” rating and a $118.00 target price on the stock. The consensus estimate for East West Bancorp’s current full-year earnings is $8.38 per share.

EWBC has been the topic of several other reports. Wells Fargo & Company upped their price objective on shares of East West Bancorp from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Compass Point boosted their price objective on East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wedbush raised their target price on East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group started coverage on East West Bancorp in a report on Tuesday, December 17th. They issued a “neutral” rating and a $112.00 price target for the company. Finally, Barclays dropped their price objective on shares of East West Bancorp from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.38.

East West Bancorp Stock Up 0.2 %

Shares of EWBC stock opened at $103.25 on Wednesday. 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 has a fifty-two week low of $67.27 and a fifty-two week high of $113.95. The firm has a market capitalization of $14.31 billion, a PE ratio of 13.04, a P/E/G ratio of 2.85 and a beta of 1.30. The stock’s 50-day simple moving average is $101.28 and its 200-day simple moving average is $91.70.

East West Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.32%. This is a boost from East West Bancorp’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, February 3rd. East West Bancorp’s payout ratio is presently 27.78%.

Insider Activity at East West Bancorp

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $106.61, for a total value of $1,279,320.00. Following the completion of the sale, the insider now directly owns 45,403 shares in the company, valued at $4,840,413.83. This represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rudolph Estrada sold 469 shares of East West Bancorp stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 in the company, valued at approximately $1,740,210. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,194 shares of company stock valued at $1,401,063. 1.04% of the stock is owned by insiders.

Hedge Funds Weigh In On East West Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of EWBC. Capital Performance Advisors LLP purchased a new stake in shares of East West Bancorp during the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in East West Bancorp during the third quarter worth $26,000. UMB Bank n.a. lifted its stake in shares of East West Bancorp by 362.8% in the 3rd quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 283 shares during the last quarter. Tobam grew its holdings in shares of East West Bancorp by 131.7% during the 3rd quarter. Tobam now owns 482 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 274 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of East West Bancorp during the 3rd quarter worth about $79,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.