East West Bancorp (EWBC) Scheduled to Post Earnings on Thursday

East West Bancorp (NASDAQ:EWBCGet Rating) will be posting its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect East West Bancorp to post earnings of $2.22 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

East West Bancorp Stock Down 2.0 %

East West Bancorp stock opened at $68.36 on Wednesday. The stock has a market capitalization of $9.64 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.40. East West Bancorp has a 12 month low of $61.65 and a 12 month high of $93.51. The business has a 50 day simple moving average of $66.83 and a 200-day simple moving average of $69.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Analyst Ratings Changes

Several brokerages have issued reports on EWBC. Wells Fargo & Company dropped their target price 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 started coverage on East West Bancorp in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley started 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. Finally, Piper Sandler upped their target price on East West Bancorp to $75.00 in a report on Friday, September 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $81.67.

Insider Transactions at East West Bancorp

In related news, Vice Chairman Douglas Paul Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $72.43, for a total value of $362,150.00. Following the completion of the sale, the insider now owns 52,435 shares of the company’s stock, valued at $3,797,867.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On East West Bancorp

Several institutional investors have recently added to or reduced their stakes in EWBC. Neuberger Berman Group LLC increased its stake in shares of East West Bancorp by 126.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 10,799 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 6,038 shares during the last quarter. State Street Corp boosted its holdings in East West Bancorp by 5.3% in the 3rd quarter. State Street Corp now owns 5,145,730 shares of the financial services provider’s stock valued at $345,484,000 after purchasing an additional 259,338 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of East West Bancorp by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 70,974 shares of the financial services provider’s stock worth $4,765,000 after acquiring an additional 558 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of East West Bancorp by 4.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,264 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 253 shares during the period. Finally, Legal & General Group Plc increased its position in East West Bancorp by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 215,606 shares of the financial services provider’s stock worth $13,971,000 after purchasing an additional 2,393 shares in the last quarter. 88.68% of the stock is owned by institutional investors.

East West Bancorp Company Profile

(Get Rating)

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.

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Earnings History for East West Bancorp (NASDAQ:EWBC)

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