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

A number of analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of East West Bancorp to $74.00 in a report on Monday, July 25th. Wells Fargo & Company increased their price objective on shares of East West Bancorp from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, April 22nd. Jefferies Financial Group decreased their price objective on shares of East West Bancorp from $102.00 to $79.00 in a report on Monday, July 11th. Wedbush increased their price objective on shares of East West Bancorp to $80.00 in a report on Friday, July 22nd. Finally, Truist Financial decreased their price objective on shares of East West Bancorp from $100.00 to $80.00 in a 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.

East West Bancorp Price Performance

Shares of NASDAQ:EWBC opened at $75.99 on Friday. The firm has a 50-day simple moving average of $68.22 and a 200-day simple moving average of $75.19. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 0.03. 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 issued its earnings results on Thursday, July 21st. The financial services provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.13. The business had revenue of $551.00 million during the quarter, compared to analysts' expectations of $525.37 million. East West Bancorp had a net margin of 45.32% and a return on equity of 16.45%. The company's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 earnings per share. On average, equities analysts predict that East West Bancorp will post 7.79 earnings per share for the current fiscal year.

East West Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, July 29th. East West Bancorp's dividend payout ratio (DPR) is 24.39%.