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 Trading Down 0.1 %

Shares of EWBC traded down $0.06 on Tuesday, hitting $70.09. 536,271 shares of the stock traded hands, compared to its average volume of 998,212. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $9.97 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.90 and a beta of 1.53. The stock's 50 day moving average is $68.11 and its two-hundred day moving average is $75.38. East West Bancorp has a 1 year low of $61.65 and a 1 year high of $93.51.

East West Bancorp (NASDAQ:EWBC - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.13. The business had revenue of $551.00 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $1.57 earnings per share. As a group, sell-side analysts predict that East West Bancorp will post 7.79 earnings per share for the current year.

East West Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, July 29th. East West Bancorp's payout ratio is 24.39%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of East West Bancorp from $100.00 to $80.00 in a research report on Wednesday, June 15th. Wedbush increased their price target on shares of East West Bancorp to $80.00 in a research report on Friday, July 22nd. Piper Sandler increased their price target on shares of East West Bancorp to $74.00 in a research report on Monday, July 25th. Jefferies Financial Group lowered their price target on shares of East West Bancorp from $102.00 to $79.00 in a research report on Monday, July 11th. Finally, Wells Fargo & Company increased their price target on shares of East West Bancorp from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $88.63.