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.

East West Bancorp Stock Performance

Shares of EWBC traded down $1.10 during mid-day trading on Wednesday, reaching $76.47. The company's stock had a trading volume of 482,287 shares, compared to its average volume of 980,970. East West Bancorp has a 1-year low of $61.65 and a 1-year high of $93.51. The stock has a market cap of $10.78 billion, a P/E ratio of 11.66, a PEG ratio of 0.98 and a beta of 1.53. The business has a 50-day simple moving average of $68.42 and a two-hundred day simple moving average of $75.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.03.

East West Bancorp (NASDAQ:EWBC - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.13. East West Bancorp had a return on equity of 16.45% and a net margin of 45.32%. The company had revenue of $551.00 million during the quarter, compared to analysts' expectations of $525.37 million. During the same period last year, the firm posted $1.57 earnings per share. The business's revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. East West Bancorp's payout ratio is 24.39%.

Analyst Ratings Changes

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