Q2 2018 Earnings Estimate for East West Bancorp (EWBC) Issued By Wedbush

East West Bancorp (NASDAQ:EWBC) – Stock analysts at Wedbush upped their Q2 2018 earnings per share estimates for East West Bancorp in a report released on Friday, April 20th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $1.09 per share for the quarter, up from their prior estimate of $1.08. Wedbush also issued estimates for East West Bancorp’s Q3 2018 earnings at $1.15 EPS, Q4 2018 earnings at $1.20 EPS and FY2019 earnings at $5.10 EPS.

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EWBC has been the subject of a number of other reports. BidaskClub raised East West Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Sandler O’Neill reaffirmed a “buy” rating and issued a $69.00 price objective on shares of East West Bancorp in a research note on Thursday, January 4th. Barclays lifted their price objective on East West Bancorp from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Wells Fargo reaffirmed an “outperform” rating and issued a $72.00 price objective (up from $65.00) on shares of East West Bancorp in a research note on Tuesday, January 9th. Finally, ValuEngine raised East West Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $70.08.

Shares of NASDAQ EWBC opened at $65.54 on Monday. East West Bancorp has a twelve month low of $52.86 and a twelve month high of $69.25. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $9,494.98, a PE ratio of 18.94, a PEG ratio of 1.42 and a beta of 1.42.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, April 19th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.13. The company had revenue of $401.14 million during the quarter, compared to analysts’ expectations of $364.81 million. East West Bancorp had a return on equity of 14.15% and a net margin of 32.46%. During the same quarter last year, the firm earned $0.88 earnings per share.

In related news, Director Molly Campbell sold 461 shares of East West Bancorp stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $65.11, for a total value of $30,015.71. Following the completion of the transaction, the director now directly owns 5,448 shares in the company, valued at $354,719.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.50, for a total value of $137,000.00. Following the completion of the transaction, the director now owns 21,599 shares of the company’s stock, valued at $1,479,531.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,461 shares of company stock valued at $641,846. 0.88% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department boosted its holdings in East West Bancorp by 9.6% in the fourth quarter. State of Tennessee Treasury Department now owns 228,900 shares of the financial services provider’s stock valued at $13,924,000 after purchasing an additional 20,000 shares during the period. Toronto Dominion Bank boosted its holdings in East West Bancorp by 39.5% in the fourth quarter. Toronto Dominion Bank now owns 8,515 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 2,413 shares during the period. OppenheimerFunds Inc. boosted its holdings in East West Bancorp by 35.4% in the fourth quarter. OppenheimerFunds Inc. now owns 408,559 shares of the financial services provider’s stock valued at $24,853,000 after purchasing an additional 106,799 shares during the period. US Bancorp DE boosted its holdings in East West Bancorp by 62.2% in the fourth quarter. US Bancorp DE now owns 10,230 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 3,923 shares during the period. Finally, TIAA FSB boosted its holdings in East West Bancorp by 30.6% in the fourth quarter. TIAA FSB now owns 63,361 shares of the financial services provider’s stock valued at $3,854,000 after purchasing an additional 14,847 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

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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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.

Earnings History and Estimates for East West Bancorp (NASDAQ:EWBC)

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