East West Bancorp - EWBC Stock Forecast, Price & News

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. Its loan products include mortgage and home equity, commercial and residential real estate, working capital lines of credit, construction, trade finance, letters of credit, commercial business, affordable housing loans, asset-based lending, asset-backed finance, project finance, and equipment financing, as well as financing services to clients needing a financial bridge to facilitate their business transactions between the United States and China. The company also provides various wealth management, treasury management, foreign exchange, and interest rate and commodity risk hedging services; and mobile and online banking services. As of January 27, 2022, it operated approximately 120 locations in the United States and China; full-service branches in Hong Kong, Shanghai, Shantou, and Shenzhen; and representative offices in Beijing, Chongqing, Guangzhou, Taipei, and Xiamen. East West Bancorp, Inc. was incorporated in 1998 and is headquartered in Pasadena, California.

Analyst Ratings Changes

Several brokerages have recently weighed in on EWBC. Jefferies Financial Group reduced their price target on East West Bancorp from $102.00 to $79.00 in a report on Monday, July 11th. Piper Sandler increased their price objective on East West Bancorp to $74.00 in a research report on Monday, July 25th. Wells Fargo & Company increased their price objective on East West Bancorp from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 22nd. Wedbush increased their price objective on East West Bancorp to $80.00 in a research report on Friday, July 22nd. Finally, Truist Financial dropped their price objective on East West Bancorp from $100.00 to $80.00 in a research report on Wednesday, June 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.00.

East West Bancorp Stock Performance

NASDAQ:EWBC traded up $0.74 on Thursday, hitting $77.21. The stock had a trading volume of 407,325 shares, compared to its average volume of 977,367. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $68.42 and its two-hundred day simple moving average is $75.11. East West Bancorp has a 52-week low of $61.65 and a 52-week high of $93.51.

East West Bancorp (NASDAQ:EWBC - Get Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.13. The business had revenue of $551.00 million for the quarter, compared to analysts' expectations of $525.37 million. East West Bancorp had a return on equity of 16.45% and a net margin of 45.32%. The business's revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the firm posted $1.57 earnings per share. As a group, research analysts predict that East West Bancorp will post 7.79 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, July 29th. East West Bancorp's dividend payout ratio (DPR) is currently 24.39%.