East West Bancorp (EWBC) Expected to Announce Earnings on Thursday

East West Bancorp (NASDAQ:EWBC) is anticipated to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect East West Bancorp to post earnings of $2.12 per share and revenue of $659,000.52 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $641.80 million. East West Bancorp had a return on equity of 16.07% and a net margin of 24.96%. During the same period in the previous year, the business posted $2.02 EPS. On average, analysts expect East West Bancorp to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

East West Bancorp Trading Up 2.9 %

NASDAQ EWBC opened at $103.71 on Wednesday. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.80 and a beta of 1.30. East West Bancorp has a one year low of $67.27 and a one year high of $113.95. 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 business’s fifty day moving average is $101.39 and its 200-day moving average is $90.42.

Insider Transactions at East West Bancorp

In other East West Bancorp news, insider Irene H. Oh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $98.50, for a total value of $985,000.00. Following the completion of the sale, the insider now owns 117,193 shares of the company’s stock, valued at $11,543,510.50. This represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Molly Campbell sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $98.65, for a total value of $147,975.00. Following the completion of the sale, the director now directly owns 10,639 shares of the company’s stock, valued at approximately $1,049,537.35. This represents a 12.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,969 shares of company stock valued at $2,458,276. 1.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EWBC has been the topic of a number of recent analyst reports. Citigroup lifted their target price on East West Bancorp from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler boosted their price objective on East West Bancorp from $87.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their price objective on East West Bancorp from $96.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. UBS Group began coverage on East West Bancorp in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $112.00 price objective on the stock. Finally, Stephens cut East West Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $109.77.

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.