East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) - Equities researchers at Zacks Research boosted their FY2024 earnings estimates for shares of East West Bancorp in a research report issued on Thursday, January 23rd. Zacks Research analyst R. Department now expects that the financial services provider will earn $8.34 per share for the year, up from their prior 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.
Other analysts have also issued research reports about the stock. Morgan Stanley lifted their price objective on shares of East West Bancorp from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Stephens downgraded East West Bancorp from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. DA Davidson lowered their price objective on East West Bancorp from $120.00 to $118.00 and set a "buy" rating for the company in a research note on Friday. Citigroup raised their price objective 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. Finally, Wedbush increased 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 report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.23.
Read Our Latest Analysis on East West Bancorp
Shares of NASDAQ EWBC opened at $102.93 on Monday. The business has a 50-day moving average of $101.30 and a 200-day moving average of $91.31. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 2.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. East West Bancorp has a 1-year low of $67.27 and a 1-year high of $113.95.
In other news, Director Molly Campbell sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rudolph Estrada sold 469 shares of the firm's 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 transaction, 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. Insiders have sold 23,969 shares of company stock valued at $2,458,276 in the last quarter. Corporate insiders own 1.04% of the company's stock.
Several large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in shares of East West Bancorp by 3.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,171 shares of the financial services provider's stock valued at $974,000 after purchasing an additional 336 shares in the last quarter. Nordea Investment Management AB grew its position in East West Bancorp by 108.5% in the fourth quarter. Nordea Investment Management AB now owns 54,851 shares of the financial services provider's stock worth $5,282,000 after buying an additional 28,549 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of East West Bancorp in the third quarter valued at $4,157,000. Quest Partners LLC boosted its stake in shares of East West Bancorp by 830,133.3% during the 3rd 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 grew its holdings in shares of East West Bancorp by 159.1% in the 3rd 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 during the last quarter. Institutional investors own 89.53% of the company's stock.
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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