East West Bancorp, Inc. (NASDAQ:EWBC – Free Report) – Analysts at DA Davidson boosted their FY2025 EPS estimates for shares of East West Bancorp in a research report issued on Monday, January 27th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $9.58 per share for the year, up from their prior forecast 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.
Several other brokerages have also recently issued reports on EWBC. 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. Piper Sandler dropped their price objective on shares of East West Bancorp from $100.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday. Truist Financial boosted their price objective on shares of East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Compass Point upped their price target on shares of East West Bancorp from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Wedbush upped their price target on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.38.
East West Bancorp Stock Performance
Shares of East West Bancorp stock opened at $103.59 on Wednesday. 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 has a market capitalization of $14.36 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 2.85 and a beta of 1.30. The firm’s fifty day simple moving average is $101.24 and its 200-day simple moving average is $91.78. East West Bancorp has a 12 month low of $67.27 and a 12 month high of $113.95.
East West Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.60 dividend. This is a positive change from East West Bancorp’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.40 annualized dividend and a yield of 2.32%. East West Bancorp’s dividend payout ratio (DPR) is presently 27.78%.
Insider Activity at East West Bancorp
In other 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 sale, the director now owns 15,832 shares in the company, valued at $1,654,444. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rudolph Estrada sold 469 shares of East West Bancorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $98.04, for a total transaction of $45,980.76. Following the sale, the director now owns 17,750 shares in the company, valued at $1,740,210. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,194 shares of company stock worth $1,401,063. Company insiders own 1.04% of the company’s stock.
Hedge Funds Weigh In On East West Bancorp
Hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its holdings in shares of East West Bancorp by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 10,171 shares of the financial services provider’s stock valued at $974,000 after acquiring an additional 336 shares during the period. Nordea Investment Management AB raised its stake in shares of East West Bancorp by 108.5% during the fourth quarter. Nordea Investment Management AB now owns 54,851 shares of the financial services provider’s stock valued at $5,282,000 after purchasing an additional 28,549 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of East West Bancorp during the third quarter valued at about $4,157,000. Quest Partners LLC raised its position in East West Bancorp by 830,133.3% in the third quarter. Quest Partners LLC now owns 24,907 shares of the financial services provider’s stock worth $2,061,000 after acquiring an additional 24,904 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in East West Bancorp by 159.1% in the third quarter. Janney Montgomery Scott LLC now owns 29,587 shares of the financial services provider’s stock worth $2,448,000 after acquiring an additional 18,166 shares in the last quarter. 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.
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