East West Bancorp (EWBC) Set to Announce Earnings on Thursday

East West Bancorp (NASDAQ:EWBC – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $2.22 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

East West Bancorp Stock Down 2.0 %

Shares of EWBC traded down $1.40 during midday trading on Tuesday, hitting $68.36. The stock had a trading volume of 943,264 shares, compared to its average volume of 817,314. The company has a 50 day simple moving average of $66.83 and a two-hundred day simple moving average of $69.63. East West Bancorp has a twelve month low of $61.65 and a twelve month high of $93.51. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EWBC. Morgan Stanley began coverage on East West Bancorp in a report on Monday, December 5th. They issued an “equal weight” rating and a $84.00 price objective for the company. Wells Fargo & Company decreased their price objective on East West Bancorp from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, December 15th. StockNews.com began coverage on East West Bancorp in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Piper Sandler raised their price objective on East West Bancorp to $75.00 in a report on Friday, September 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $81.67.

Insider Buying and Selling

In related news, Vice Chairman Douglas Paul Krause sold 5,000 shares of East West Bancorp stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $72.43, for a total transaction of $362,150.00. Following the completion of the transaction, the insider now owns 52,435 shares in the company, valued at $3,797,867.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On East West Bancorp

A number of institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of East West Bancorp by 6.2% in the 1st quarter. Captrust Financial Advisors now owns 2,776 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 162 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of East West Bancorp by 4.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,264 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 253 shares during the last quarter. Franklin Resources Inc. increased its holdings in East West Bancorp by 13.3% in the second quarter. Franklin Resources Inc. now owns 3,298 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 388 shares during the period. Golden State Equity Partners increased its holdings in East West Bancorp by 16.4% in the first quarter. Golden State Equity Partners now owns 3,883 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 548 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in East West Bancorp by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 70,974 shares of the financial services provider’s stock valued at $4,765,000 after purchasing an additional 558 shares during the period. Institutional investors own 88.68% of the company’s stock.

East West Bancorp Company Profile

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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. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits.