Equities Analysts Set Expectations for EWBC FY2024 Earnings

East West Bancorp, Inc. (NASDAQ:EWBC) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for East West Bancorp in a note issued to investors on Thursday, January 23rd. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $8.34 for the year, up from their previous estimate of $8.33. The consensus estimate for East West Bancorp’s current full-year earnings is $8.38 per share. Zacks Research also issued estimates for East West Bancorp’s Q3 2026 earnings at $2.34 EPS and FY2026 earnings at $9.32 EPS.

EWBC has been the topic of several other research reports. Wells Fargo & Company raised their price objective on shares of East West Bancorp from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Compass Point raised their price target on shares of East West Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson decreased their price objective on shares of East West Bancorp from $120.00 to $118.00 and set a “buy” rating for the company in a report on Friday. Stephens downgraded shares of East West Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Finally, Piper Sandler boosted their price target on East West Bancorp from $87.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, East West Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.23.

East West Bancorp Trading Down 0.6 %

NASDAQ EWBC opened at $102.93 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. East West Bancorp has a 1-year low of $67.27 and a 1-year high of $113.95. The firm’s fifty day simple moving average is $101.30 and its 200-day simple moving average is $91.31. The company has a market capitalization of $14.27 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30.

Institutional Investors Weigh In On East West Bancorp

Several hedge funds have recently made changes to their positions in EWBC. AXA S.A. raised its holdings in East West Bancorp by 0.4% in the 2nd quarter. AXA S.A. now owns 93,192 shares of the financial services provider’s stock valued at $6,824,000 after acquiring an additional 327 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of 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 purchasing an additional 806 shares in the last quarter. Millennium Management LLC lifted its position in 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 worth $27,404,000 after purchasing an additional 225,799 shares during the period. Creative Planning lifted its position in East West Bancorp by 8.9% in the second quarter. Creative Planning now owns 15,102 shares of the financial services provider’s stock worth $1,106,000 after purchasing an additional 1,236 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in East West Bancorp by 3.9% in 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 period. Institutional investors own 89.53% of the company’s stock.

Insider Transactions at East West Bancorp

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total value of $1,279,320.00. Following the sale, the insider now owns 45,403 shares in the company, valued at approximately $4,840,413.83. This trade represents a 20.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rudolph Estrada sold 469 shares of the company’s stock in a transaction 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 transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,740,210. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,969 shares of company stock worth $2,458,276. Company insiders own 1.04% of the company’s stock.

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 businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.