DA Davidson Lowers Earnings Estimates for East West Bancorp

East West Bancorp, Inc. (NASDAQ:EWBC) – Stock analysts at DA Davidson reduced their FY2025 earnings estimates for East West Bancorp in a research note issued to investors on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $9.08 per share for the year, down from their prior estimate of $9.12. DA Davidson currently has a “Buy” rating and a $125.00 target price on the stock. The consensus estimate for East West Bancorp’s current full-year earnings is $8.85 per share. DA Davidson also issued estimates for East West Bancorp’s FY2026 earnings at $9.47 EPS.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.05. East West Bancorp had a net margin of 26.06% and a return on equity of 15.09%. The business had revenue of $705.00 million for the quarter, compared to the consensus estimate of $702.04 million. During the same period last year, the firm posted $2.07 earnings per share. East West Bancorp’s quarterly revenue was up 10.3% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald began coverage on shares of East West Bancorp in a report on Wednesday, September 10th. They issued an “overweight” rating and a $124.00 price target on the stock. Cowen began coverage on East West Bancorp in a research report on Wednesday, September 24th. They set a “buy” rating for the company. Morgan Stanley raised their price objective on East West Bancorp from $111.00 to $126.00 and gave the company an “underperform” rating in a research report on Monday. Truist Financial lifted their price target on East West Bancorp from $102.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, July 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on East West Bancorp from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, East West Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $120.53.

East West Bancorp Stock Down 0.7%

Shares of East West Bancorp stock opened at $105.71 on Wednesday. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.44 and a beta of 0.93. The company’s 50 day moving average price is $104.57 and its 200-day moving average price is $96.24. East West Bancorp has a 52-week low of $68.27 and a 52-week high of $113.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.89.

East West Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, August 4th. East West Bancorp’s dividend payout ratio is presently 28.04%.

Insider Buying and Selling

In other East West Bancorp news, Director Jack C. Liu sold 1,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $105.00, for a total value of $105,000.00. Following the transaction, the director owned 14,974 shares of the company’s stock, valued at $1,572,270. This represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Irene H. Oh sold 7,639 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $109.40, for a total value of $835,706.60. Following the completion of the transaction, the insider directly owned 105,714 shares in the company, valued at $11,565,111.60. This trade represents a 6.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,240 shares of company stock worth $7,379,678. 1.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Xponance Inc. grew its holdings in East West Bancorp by 1.9% in the first quarter. Xponance Inc. now owns 16,141 shares of the financial services provider’s stock valued at $1,449,000 after purchasing an additional 302 shares during the period. Janney Montgomery Scott LLC boosted its stake in East West Bancorp by 25.0% during the first quarter. Janney Montgomery Scott LLC now owns 28,287 shares of the financial services provider’s stock worth $2,539,000 after buying an additional 5,654 shares during the last quarter. Cerity Partners LLC boosted its stake in East West Bancorp by 35.9% during the first quarter. Cerity Partners LLC now owns 16,157 shares of the financial services provider’s stock worth $1,450,000 after buying an additional 4,271 shares during the last quarter. SG Americas Securities LLC boosted its stake in East West Bancorp by 470.9% during the first quarter. SG Americas Securities LLC now owns 7,559 shares of the financial services provider’s stock worth $678,000 after buying an additional 6,235 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in East West Bancorp during the first quarter worth $639,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

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.