Brokers Offer Predictions for East West Bancorp, Inc.’s Q4 2024 Earnings (NASDAQ:EWBC)

East West Bancorp, Inc. (NASDAQ:EWBC) – Equities research analysts at Wedbush upped their Q4 2024 earnings estimates for shares of East West Bancorp in a report issued on Wednesday, April 24th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $2.00 per share for the quarter, up from their previous estimate of $1.96. Wedbush currently has a “Outperform” rating and a $90.00 target price on the stock. The consensus estimate for East West Bancorp’s current full-year earnings is $7.99 per share. Wedbush also issued estimates for East West Bancorp’s Q1 2025 earnings at $2.00 EPS and Q4 2025 earnings at $2.18 EPS.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $2.08 EPS for the quarter, beating the consensus estimate of $2.00 by $0.08. East West Bancorp had a net margin of 26.78% and a return on equity of 17.43%. The business had revenue of $644.13 million during the quarter, compared to analyst estimates of $636.77 million. During the same period in the previous year, the business posted $2.32 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis.

Several other research firms have also commented on EWBC. Barclays initiated coverage on shares of East West Bancorp in a report on Friday, March 8th. They issued an “overweight” rating and a $106.00 price target for the company. Citigroup boosted their target price on shares of East West Bancorp from $85.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Compass Point boosted their target price on shares of East West Bancorp from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Jefferies Financial Group boosted their target price on shares of East West Bancorp from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Truist Financial reduced their target price on shares of East West Bancorp from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, East West Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $84.08.

East West Bancorp Trading Down 0.5 %

NASDAQ EWBC opened at $75.98 on Friday. East West Bancorp has a one year low of $41.12 and a one year high of $79.54. The company has a 50-day simple moving average of $74.84 and a 200-day simple moving average of $68.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.93. The firm has a market capitalization of $10.57 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.39.

East West Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.90%. East West Bancorp’s dividend payout ratio (DPR) is 27.71%.

Insiders Place Their Bets

In related news, Director Molly Campbell sold 1,625 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total value of $125,547.50. Following the sale, the director now directly owns 10,321 shares in the company, valued at approximately $797,400.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Molly Campbell sold 1,625 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $77.26, for a total value of $125,547.50. Following the sale, the director now directly owns 10,321 shares in the company, valued at approximately $797,400.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack C. Liu sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $73.58, for a total transaction of $147,160.00. Following the completion of the sale, the director now owns 16,739 shares in the company, valued at $1,231,655.62. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Institutional Investors Weigh In On East West Bancorp

Large investors have recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of East West Bancorp during the first quarter valued at approximately $25,000. YHB Investment Advisors Inc. acquired a new stake in shares of East West Bancorp during the first quarter valued at approximately $27,000. Rise Advisors LLC acquired a new stake in shares of East West Bancorp during the first quarter valued at approximately $30,000. Kapitalo Investimentos Ltda acquired a new stake in shares of East West Bancorp during the fourth quarter valued at approximately $29,000. Finally, Mather Group LLC. acquired a new stake in shares of East West Bancorp during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

About East West Bancorp

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.