East West Bancorp, Inc. (NASDAQ:EWBC – Free Report) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of East West Bancorp in a report issued on Monday, January 27th. DA Davidson analyst G. Tenner forecasts that the financial services provider will earn $2.01 per share for the quarter. DA Davidson has a “Buy” rating and a $118.00 price objective 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 a number of other reports. Citigroup boosted their target price on shares of East West Bancorp from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on East West Bancorp from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Wedbush upped their price target on East West Bancorp from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Barclays reduced their target price on East West Bancorp from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, StockNews.com cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, East West Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.
East West Bancorp Stock Performance
NASDAQ:EWBC opened at $103.02 on Tuesday. The stock’s 50-day moving average is $101.28 and its 200-day moving average is $91.70. East West Bancorp has a 1-year low of $67.27 and a 1-year high of $113.95. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a market cap of $14.28 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30.
Hedge Funds Weigh In On East West Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in East West Bancorp by 0.3% in the second quarter. AQR Capital Management LLC now owns 299,962 shares of the financial services provider’s stock valued at $21,687,000 after acquiring an additional 806 shares during the last quarter. Millennium Management LLC raised its stake in shares of East West Bancorp by 152.1% in the second quarter. Millennium Management LLC now owns 374,213 shares of the financial services provider’s stock valued at $27,404,000 after buying an additional 225,799 shares during the period. Creative Planning lifted its position in shares of East West Bancorp by 8.9% during the 2nd quarter. Creative Planning now owns 15,102 shares of the financial services provider’s stock valued at $1,106,000 after buying an additional 1,236 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of East West Bancorp by 3.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,307 shares of the financial services provider’s stock valued at $315,000 after buying an additional 160 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in East West Bancorp by 6.1% in the 2nd quarter. Truist Financial Corp now owns 25,118 shares of the financial services provider’s stock worth $1,839,000 after acquiring an additional 1,435 shares during the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other East West Bancorp news, Director Jack C. Liu sold 725 shares of East West Bancorp stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $104.50, for a total transaction of $75,762.50. Following the transaction, the director now owns 15,832 shares of the company’s stock, valued at $1,654,444. This trade represents a 4.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rudolph Estrada sold 469 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 17,750 shares in the company, valued at approximately $1,740,210. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,194 shares of company stock worth $1,401,063 in the last ninety days. Corporate insiders own 1.04% of the company’s stock.
East West Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.33%. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, February 3rd. East West Bancorp’s dividend payout ratio is presently 27.78%.
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.
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